SUBSCRIBE

Breaking News on Industrial Baking & Snacks

Read more breaking news

 

 

Have your cake and eat it: The Brexit effect on bakery and snacks

Post a comment
Gill Hyslop

By Gill Hyslop+

31-Mar-2017
Last updated on 31-Mar-2017 at 14:42 GMT2017-03-31T14:42:20Z

Brexit will have far-reaching effects on the British food industry, according to Liberal Democratic Nick Clegg. Pic:©iStock/mrdoomits

Brexit will have far-reaching effects on the British food industry, according to Liberal Democratic Nick Clegg. Pic:©iStock/mrdoomits

BakeryandSnacks asked exhibitors at ife 2017, held in London at the beginning of March, what effects Brexit may have on their companies.

UK prime minister Theresa May officially triggered Article 50 on Wednesday, opening the doors of uncertainty within the food and drink industry, according to exhibitors at ife 2017.

“Nobody knows what the outcome of Brexit will be, but I am certainly very nervous about it,” said James M Walker, of Walkers Shortbread Limited.

Ian Wright, director general of the Food and Drink Federation, said currency devaluation will be the biggest problem.

Erwan Inizan, sales director of Bridor UK & IE, concurred, saying that currency fluctuations were already effecting the French bread bakery giant.

And while prices may not “catastrophically increase, all sectors will have to face price increases,” added Wright.

Unique crunchy pasta snack Pastino’s MD, Giuliano Mai said: “It’s going to affect small companies, like ours, that import raw materials, particularly from the EU.”

The good and the bad

According to Brexit-critic and former deputy minister of the UK, Nick Clegg, Brexit will have far-reaching effects on the British food industry.

While some manufacturers will hope that Brexit leads to the opening of new markets, the reality is that exporting will become more complicated and difficult in the short term, he wrote in his third Brexit challenge paper,  published in October 2017.

Matthew Ford of pork scratching-maker Mr Trotter Ltd (and Great British Menu judge) agreed it will make the possibility of expanding into Europe more difficult.

Wright also noted it will have a big influence on dealings with Ireland, which is “massively our biggest export customer”.

Consumers feeling the crunch

Clegg also wrote that consumers will have to get used to higher prices even beyond the impact of the falling value of the pound.

Brexit reader survey results

BakeryandSnacks ran a reader survey last year inviting readers to share their views on the Brexit vote.

However, NI André Chong, MC of Manning Implex, said Brexit offers a “unique challenge” as you can’t just pass currency fluctuations onto the consumer.

On a positive note, many of the ife exhibitors said Brexit was a reality that has to be accepted.

Both Tony Goodman, CEO of Ten Acre, and Jenna McDill, business development of Orkney Bakery said that “we all have to just get on and embrace it”.

Post a comment

Comment title *
Your comment *
Your name *
Your email *

We will not publish your email on the site

I agree to Terms and Conditions

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Manning Impex ups Asian offering for UK market with seaweed snacks

Manning Impex ups Asian offering for UK market with seaweed snacks

UK-based importer and distributor Manning Impex has added Tao Kae Noi seaweed snacks to...

Schur to alter US packaging for Pepperidge Farm and Walkers Shortbread

Schur looks to upgrade packaging for Pepperidge Farm and Walkers Shortbread in US

Tracey Gilmore

Director of business development , Schur Packaging Systems

Mr Trotter: British pride secures listings on high street

Mr Trotter: British pride secures listings on high street

Matthew Fort and Tom Parker Bowles received “an overwhelmingly positive response” from the moment they launched...

UK cricket flour energy bar wins ife 2017 Sustainable Packaging Award

UK cricket flour energy bar wins ife 2017 Sustainable Packaging Award

Yumpa, a range of energy bars made with cricket flour, is the first of...

Have your cake and eat it: The Brexit effect on bakery and snacks

Have your cake and eat it: The Brexit effect on bakery and snacks

BakeryandSnacks asked exhibitors at ife 2017, held in London at the beginning of March,...

Pastinos takes on the premium snack market with pasta snack

Pastinos takes on the premium snack market with better-for-you pasta snack

UK brand Pastinos is targeting health-conscious snackers with a crunchy pasta snack as sales...

Gourmet breads on trend, says Bridor

Gourmet breads on trend, says Bridor

French artisan bakery maker Bridor says consumers are eating less bread, but are demanding...

Verdiujns extends portfolio of BRC-certified  wafers

Verdiujns extends portfolio of BRC-certified wafers

Verduijns Fine Biscuits launched three savory variants to its portfolio of organic wafers at...

Bread hit hard by price wars

Bread is ‘price war casualty’ – FoB director

Bread is one of the biggest casualties of the supermarket price war, as retailers...

food packaging, business, women

How to be a successful woman in the packaging industry

Passion, determination and ambition: all top tips for aspiring businesswomen, say three senior Swedish...

NPD category busters: From ‘Teagurt’ to coffee fruit energy to Milo expansion

NPD category busters: From ‘Teagurt’ to coffee fruit energy to Milo expansion

Jane Barnett

Insights manager for Australia-New Zealand, south east Asia and India,...

USDA WASDE: Wheat supply up but ‘quality issue emerging’ says AHDB

Wheat supply up but ‘quality issue emerging’

Wheat supplies have hit record levels across the globe, but for France and some...

UK gluten-free businesses should storm Europe

Europe is ripe for UK gluten-free businesses

France and other European countries are prime targets for the UK’s established gluten-free (GF)...

Manufacturers are struggling with healthier food calls

Bakeries struggling with calls to cut salt, sugar and fat

Manufacturers of baked goods are reaching a point where calls to cut salts, fats...

Thins in packaged bread could spark growth, Mintel

Can ‘thins’ save a dwindling packaged bread sector?

‘Thins’ have taken off in the US and Canada with bread, bagel and even...

Bread innovation needed amid carb, additive backlash: Mintel

Additives and carb backlash stumps bread innovation, says Mintel

Stephanie Pauk and Pam Yates

Analysts, Mintel

Key Industry Events

 

Access all events listing

Our events, Shows & Conferences...