Could food inflation in UK finally be waning? Food manufacturer price cuts offer hope
Consumer food costs could drop sharply through the end of 2023 after food and drink manufacturers slashed their prices in September to pre-pandemic levels, according to the UK Sector Tracker Report from Lloyd’s Bank. The 48.8 tracker reading, which measures output charges, was down for the second consecutive month and was the lowest since February […]
Product rationalisation in Food and Drink: Causes and challenges for manufacturers
The need for product rationalisation has significantly increased in recent years for a number of reasons. Major events have influenced changes in consumers’ shopping behaviour, affecting retailers, and in turn suppliers. The Covid-19 pandemic caused retailers to reduce their product range following consumers’ shopping patterns, contributing to the development of a ‘simplification’ trend that has […]
