Cash strapped British consumers are switching away from products which have been downsized by manufacturers in favour of buying products in bulk which offer better value for money.
As food prices remain stubbornly high year-over-year, consumers are becoming more sophisticated in how they manage their grocery budgets – allowing them to expand their definition of value beyond the historic combination of price, quantity and quality,...
The Alliance for Fair Sugar Policy (AFSP) urges Congress to make “reasonable targeted changes to the US sugar program” to help lower food prices, reinforce supply chains and make American businesses and farmers more competitive on the global playing field.
Baker & Baker has developed guidance aimed at bakeries, food service operators and retailers in order to keep heads above water during these exceedingly challenging times.
The ‘Forward Together’ programme tackles a number of key issues affecting the sector today, including resilience and creativity during what has been the toughest trading period in history; the importance of training and especially apprenticeships; and...
The fintech platform, along with the Global Entrepreneurship Network, intends to help small to medium-sized businesses access capital with the launch of the Equitable Access Program and its first product, the Business Health Score.
Globally, eggs have reached record high price levels, driven by an unprecedented outbreak in avian flu, runaway production costs, inflation, COVID and regulatory changes.
Consumers are contending with inflation by changing their food buying behavior, and the packaged food industry should focus their efforts on keeping customers without sacrificing medium- and long-term profits, according to consultants and market researchers.
Despite a slight easing in annual food and drink inflation – the first in 18 months – Food and Drink Federation (FDF) Scotland said prices remain high, placing onus on government to help the sector to keep costs down for Scottish consumers.
To help drive sales during National Snack Food Month (February), Cincinnati-based retail data science, insights and media company 84.51° has shared an assortment of snacking takeaways for retailers.
Dollar sales of foods and beverages in IRI-measured multi-outlet stores in the US rose 8.7% to $753bn in 2022 vs 2021, driven by double-digit inflation, while unit sales dropped -3.3%, although units are still above pre-pandemic levels, according to IRI...
Many packaged food and beverage manufacturers that have trimmed serving sizes without lowering cost in recent years to mitigate inflation have tried to do so in stealth mode for fear of losing value-seeking shoppers, but new research suggests if they...
With high energy costs, increasing ingredient prices and labour shortages continuing into 2023, manufacturers and industry are urging the government to step in and support.
Johan Sanders, president of the Federation of European Manufacturers and Suppliers of Ingredients to the Bakery, Confectionery and Patisserie Industries is a believer that being one market will help the industry through its current quagmire of challenges.
Campbell Soup Co. is pushing through a fourth round of “very targeted” price increases – the largest in more than a year – to offset core inflation, which continues to rise and reached its highest point in more than year, executives revealed during the...
Scottish Bakers recently hosted Mairi Gougeon MSP, Scottish Cabinet Secretary for Rural Affairs and Islands, to discuss the most pressing issues impacting the sector, and has inducted Andrew Chisholm, Chloe Milne and Shirley Simson to its board to help...
Despite the cost-of-living crisis, the fourth generation firm is swallowing as many price increases as possible to avoid passing on hefty rises to its customers.
How is the food industry stacked up for 2023? Will the inflationary environment cripple the sector? Is supply chain back up and running or will we still see shortages? What is trending and what will hit shelves?
Scottish Bakers, Food and Drink Federation Scotland, Scottish Retail Consortium and UKHospitality Scotland are among the 19 industry bodies to have jointly written to Scotland’s Deputy First Minister and Interim Finance Secretary John Swinney MSP, asking...
The current economy has forced one of the largest family-owned bakeries in the US to make the ‘extraordinarily difficult’ decision to close one of its plants, eliminating almost 140 jobs.
While the government’s plans to further support businesses have been welcomed, the Craft Bakers Association is disappointed by the lack of clarity, the Food and Drink Federation (FDF) and FDF Scotland would have liked to have seen more measures and Scottish...
While still rising, grocery prices appear to be cooling while those at restaurants are stabilizing – reinforcing industry leaders’ optimism that input costs are cresting and the macro environment is beginning to stabilize.
A new report by the Open University Business School reveals the number of small bakery businesses in the UK has increased in recent years, rising to the COVID challenge, but now facing an uncertain future.
Ingredient Communications’ 2022 price sensitivity survey reveals the severity that consumers are going to cope with the rising costs of living, with the majority switching to cheaper brands and retailer’s own labels, or even stopping the purchase of their...
IRI reports consumers are displaying signs of severe ‘inflation fatigue’ that is forcing a range of coping behaviours not seen since the austere late 70s and early 80s, with staying in becoming the new going out.
To keep pantries stocked and food on the table – especially during the upcoming holidays – more Americans are cutting back on spending in other areas and modifying how they buy groceries as well as the types and amount of products they place in their...
With the cost-of-living crisis raging unabated thanks to political volatility, it's only to be expected that ‘redefining value’ tops Innova Market Insights’ Top Ten Trends for 2023. With budgets stretched, consumers will increasingly seek out brand...
Multi-sensorial food experiences offer the chance for food and beverage brands to create better product experiences at a time they’re needed more than ever, FoodNavigator hears.
The government’s intervention to help halt spiralling costs has been cautiously welcomed … however, heavy energy users like bakeries are still facing a tough winter, already paying more than double, and as the cap is only for six months, this makes planning...
The UK woke up this morning (7 September) to a new leader and with hopes the new government will immediately take steps to alleviate the crushing living prices that are badly impacting consumers and putting industry at risk.
While a rare silver lining of the pandemic was America’s newfound love of sitting down together to share a meal, a new survey by General Mills reveals parents are worried they no longer can afford a healthy breakfast for their kids.
The Danish emulsifier specialist will be revealing the secrets of its bakery emulsifiers at IBIE 2022, which can help bakers snap spiralling costs by reducing the egg content of cake recipes.
War, drought, swine fever and virus-related labour shortages – notwithstanding the increasing demand from the biofuel industry – have placed immense pressure on the edible oils industry, resulting in a much decreased supply and soaring prices around the...
Kellogg Company raised its forecast for full-year earnings, as a price hike for its Special K, Frosted Flakes, Corn Flakes and Rice Krispies, among others, offset an environment ‘as challenging as we’ve ever seen it’ – CEO and chairman.
As inflation pushes consumers to seek out more affordable products, retailers are seeing a surge in unit sales in certain private label categories, according to data and insights firm Catalina.
The Mexican bakery giant reported a doubled second-quarter net profit and raised its sales and operating earnings outlook, citing strong demand from regions including the US and Europe.
Even though PepsiCo beat Wall Street expectations in its second quarter and saw organic revenue growth soar 13%, prompting it to bump-up its full-year revenue expectations, the beverage and snack giant stopped short of also raising its earnings per share...
The runaway flour price – caused by the atrocious weather in North American wheat-growing areas in 2021, the Russian invasion of Ukraine and rising fuel costs – is expected to have a long-lasting impact on the bakery industry – meaning bakers need to...
Japan’s leading potato chip producer is raising the prices of its popular snacks and cereals for the second time this year to bolster against runaway costs that are spiking at the fastest clip in years.
The UK bakery group’s FY2021 record results defied what was then considered one of the toughest markets in living history, and has continued to demonstrate ‘resilience and a strategic focus’ despite an even rougher environment this year.
The UK’s Federation of Bakers (FoB) has published its 2022 Annual Report, which looks at the extraordinary challenges the bakery sector is currently facing, but also its role in helping it to provide continuity and food security at a price that all Brits...
Food and Drink Federation (FDF) UK has published a cross-government approach to ensure the sector continues to deliver consumer choice, affordability and tangible gains for the economy, while FDF Scotland applauds the sector's steps towards health.
The price of Cereals and Bakery Products jumped 11.6% year-over-year, marking the biggest jump since July of 1981, likely impacted by the soaring prices of fats and oils, up 16.9% compared to a year ago, with butter and margarine up 20.2%.
US retail data science, insights and media company 84.51° polled shoppers about their buying intentions ahead of the 25th edition of Sweets & Snacks Expo, held in Chicago in late May.
While supermarkets remain the go-to for most grocery shoppers, rising food and gas prices due to inflation are pushing more consumers to mass, club and dollar stores as they look for ways to rein in spending and reduce trips, according to market research...
According to Puratos’ latest Taste Tomorrow results, health and habitat are the UK consumer’s two biggest priorities when it comes to choosing what brands to buy.
Shoppers around the globe are feeling the pressure of runaway inflation – to the point where some are even foregoing heat to eat – however, that doesn’t mean they’re prepared to give up quality for a bargain.
