Watch these videos for a deeper dive of IGD’s latest Viewpoint report highlighting how the cost of living crisis has been turbo charged by rising costs and the ongoing conflict in Ukraine. Chapter 1 - Where is the recovery going? Rising inflation has eroded the spending power of many households in early 2022 and further pressure is expected in the months ahead. Consumer confidence is ...

Delivering sustainable packaging systems is a critical industry issue. Collectively, we are working on solutions to meet a shared ambition - to halve the environmental impact of all packaging systems by 2030 - and accelerate our industry’s progress towards Net Zero. Reducing the need for single-use packaging through reusables is a vital part of the solution. In this webinar recording, we...

In its latest World Economic Outlook report, IMF has downgraded its global GDP growth projection for 2022 by 0.8% to 3.6%. The projection for 2023 has also been reduced, slightly. Inflation and the global recovery Since the January edition, the war in Ukraine has had a dramatic effect on the global economy, causing energy price shocks and food price rises. Some countries have also i...

Your overview of economic and policy news with a focus on the food and consumer goods industry, featuring the latest developments and guidance on the Ukraine crisis, the rising cost of living, labour shortages, COVID-19 and adapting to a new relationship with the EU. The Ukraine Crisis – Supply implications The conflict in Ukraine continues to cause widespread availability and prici...

In the increasingly volatile external environment, there are more pressures than ever on our customers and indeed, our own commercial teams. Our business strategy needs to be agile to be able to quickly adapt during this constantly evolving period of uncertainty. IGD’s extensive network of contacts are telling us that there are several key factors driving change for commercial teams: Fir...

If your commercial teams are finding it increasingly difficult to build strategic plans with your key customers, you’re not alone. There has been a lot of volatility in the market in over the past two years, and in the current Socio-Economic Climate, with Inflation, the ongoing conflict in Ukraine and impending HFSS legislation to name but three, it is harder than ever to identify where to win...

Your overview of economic and policy news with a focus on the food and consumer goods industry, featuring the latest developments and guidance on the Ukraine crisis, the rising cost of living, labour shortages, COVID-19 and adapting to a new relationship with the EU. Inflation reaches a new high UK inflation has reached its highest level in 30 years, recording 7% on the CPI measur...

The UK labour market continued on its previous trajectory over February 2022 with unemployment falling and vacancies rising. Oddly, however, there continues to be a fall in “real” wages for many workers. The latest information from the ONS shows the unemployment rate continuing to trend down, decreasing by 0.1% over the quarter to 3.8%. Click chart to enlarge Job vacancies...

ONS has released its latest inflation data up to March 2022. Overall, this is the highest year-on-year inflation level for 30 years, recording 7.0% on the CPI index and 6.2% on the CPIH index. The older RPI measure inflation reached 9.0% up from 8.2% to February 2022. Inflationary pressure continues to be broad-based with most sectors showing price increases. As shown in Figure 1, p...

Availability issues Operational labour and HGV driver shortages continue to disrupt food supply chains. Food and consumer goods businesses have been hit hard by recruitment and retention challenges. This is resulting in lower order fulfilment levels than normal, meaning there is an impact on availability of some food and groceries. The government has committed to a package of support ...