Article list

24 March 2022
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. Chancellor unveils Spring Statement The Chancellor has unveiled the Spring Statement , announcing a number of polici...
24 March 2022
The UK Eating Out sector is expected to reach 79% of its pre-pandemic value in 2022 Consumer behaviour and socioeconomic factors are slowing recovery and driving disparity QSR is the driving force behind market growth Restaurants and Pubs will continue to recover but pace will slow Focus on customer experience, investment in technology and mitigating costs will support recovery ...
24 March 2022
The ONS has released its latest inflation data up to February 2022. Overall, this is the highest year-on-year inflation level for 30 years, recording 6.2% on the CPI index and 5.5% on the CPIH index. As a comparison, the old RPI measure inflation reached 8.2% up from 7.8% to January 2022. Inflationary pressure continues to be broad-based with most sectors showing increase. As shown ...
17 March 2022
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 UK government has announced further economic sanctions on imports of R...
17 March 2022
The UK labour market continued on its recent trajectory over January 2022 with unemployment falling and vacancies rising. Paradoxically, however, there was also a further fall in “real” wages for many workers. The latest information from the ONS shows the unemployment rate continuing to trend down, decreasing by 20bp over the quarter to 3.9%. The rate has now hit the lowest level since D...
14 March 2022
Join IGD at HRC on Wednesday 23 March Hear from IGD’s Chief Economist and Senior Analyst, Nicola Knight on Weds 23 March at 12.15pm on the Vision stage for a look at the challenges and opportunities facing suppliers and operators in the Eating out sector. In this unique session, our Chief Economist – James Walton – will share the economic outlook, followed by a first look at the market fo...
10 March 2022
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 - inflationary impact The Ukraine crisis is expected to have broad impacts on supply chains and re...
09 March 2022
As inflation caused by the conflict in the Ukraine has begun to impact households, the Resolution Foundation anticipates the average household to be £1000 worse off over 2022, with further falls in real incomes to come in future years. In early February, the Bank of England (BoE) stated that households face the biggest cost of living squeeze in 30 years , with inflation peaking at 7.25%...
08 March 2022
IGD’s CEO, Susan Barratt, contributes to the BRC’s Retail Sales Monitor, providing insight on UK food and drink sales. Food and drink sales put in a resilient performance in February and although the market isn’t performing at the same rate as the lockdown-boosted growth of 2021, it remains elevated compared to 2020. Part of this will be down to inflation of course, which is undoubtedly ...
08 March 2022
Availability issues Operational labour and HGV driver shortages continue to disrupt food supply chains. Although there are some regional variations, absence rates within the food and consumer goods industry due to the Omicron variant are declining . Food and consumer goods businesses have been hit hard by recruitment and retention challenges. This is resulting in lower order fulfilment l...