After the pound hit a record low against the US dollar at the end of September, the Fairtrade Foundation is warning of the potential impact of the market volatility, both on farmers in low-income countries and the UK shoppers who buy the food they grow.
UK chocolatier Thorntons is to concentrate on selling its premium chocolate range through commercial channels and will also explore international markets after its earlier focus on own-store sales helped profits to slump.
Egypt’s confectionery market will slump over the next two years spurred by political and economic unrest, but manufacturers can create appeal with NPD of low-cost, healthier products, according to an industry expert.
The food and beverage production industry is ramping up its innovation pipeline as a way of bucking the uncertain economic trend, Anuga FoodTec show director Peter Grothues told FoodProductionDaily.com at the event last week in Cologne, Germany.
Stronger sales, rising reputation and technological innovation are three reasons for UK food and drink manufacturers to feel optimistic this autumn, Chris Buxton, ceo of the Processing and Packaging Machinery Association (PPMA ), tells FoodManufacture.co.uk.
Employment prospects and revenues in the US food and beverage industry are likely to improve next year, predict most executives in the sector, according to a national survey from tax advisory firm KPMG.
Prices for key commodities used by food manufacturers may have eased since their peaks last year, but the cost of cereals and vegetable oils in the near term will remain far higher than pre-2008, projects the OECD.
Top prizes for innovation, stevia capacity and taste tests, food safety, and doing business in a tough economy... the FoodNavigator team shares thoughts on the opening day of the IFT trade show in Anaheim, California.
Demand for products and concepts that through targeted investments can boost efficiency and cut costs for confectioners were particularly in demand, say the organisers of last week's ProSweets trade fair.
Food makers confronted by today's challenging economic times must continue to invest hard in innovation to beat the downturn. This year's SIAL, which opened yesterday in Paris, is a showcase of new ideas that could help to boost margins and...
Cloetta Fazer, the Swedish confectionery group, has finally lost
patience with its perennially underperforming Polish unit, deciding
to close the Gdansk-based company after failing to elicit an
improvement in its performance, writes...
Cloetta Fazer Group, the Stockholm-listed Swedish-Finnish
confectionery group, says it is planning to tap into the huge
potential of the Poland market. According to CEO Karsten Slotte,
the company is set to play a role in the consolidation...
Changing attitudes to the health benefits of foods and an increased
effort to solve technical and economic issues has raised support
for flour fortification among industry members, showed a meeting
held in London yesterday.