“Supply chains are resilient”, says Iceland MD
Iceland boss, Richard Walker, has dismissed concerns about stock availability on retail shelves but criticised the Government’s track and trace programme.
Iceland boss, Richard Walker, has dismissed concerns about stock availability on retail shelves but criticised the Government’s track and trace programme.
The Food and Drink Wales Retail Plan aims to see the turnover value for the food and drink industry in Wales grow proportionally more than the UK collectively.
The latest figures by Kantar show a growth in consumer confidence has allowed the supermarket to outpace its competitors on footfall, upping its market share by 0.3 percentage points to 5.0%.
The Food and Drink Federation (FDF) predicts that consumers will inevitably face higher food and drink prices over the next few years, causing a knock-on effect for food processors across the country.
Supermarket chain Morrisons has accepted a cash offer of £6.3 billion from a US investment group, however, a rival bidder is considering making an offer.
IGD anticipates a five-year period of recovery that will see the market ‘bounce back’ to above pre-pandemic forecasts.