OC&C's annual review of the UK's top 150 food and soft drink producers
It’s been a bruising year for food and drink suppliers but the winners were those who attacked their cost base and packed a punch with ads and NPD.
Profit warnings, hostile takeover bids, restructures, layoffs and a constant clamour for bigger promotions and lower prices – last year was bruising for UK food and drink suppliers. As a result, the UK’s top 150 food and drink suppliers delivered the slowest rate of growth in five years, up 7.7%, while margins dipped from 6.8% to 6.5%, a 10-year low. There were some notable casualties. As well as the much-publicised declines recorded in the ready meals and dairy sectors, Tate & Lyle was forced into a major restructuring as profits slumped by 86%, and Heinz sold its frozen and chilled foods division following an 8% sales drop-off.Read publication
Feeling the squeeze
As the cost of living rises and daily news reports continue to flood us with glum tales of inflation in the price of food, fuel and interest rates, good news is certainly at a premium
Land of the giants
The fight for survival rages on in food & drink. And this year’s OC&C Top 150 reveals that the UK’s biggest manufacturers are standing tall
On the rebound
It's not just the Premiership that's being taken over by foreign players. Over the last 10 years, UK-based ownership of the Top 150 food & drink suppliers has declined significantly
Size isn't everything
Whilst all good competitive strategy can be traced back to first principles, you may think that reaching back to biblical times is a step (or perhaps several steps) too far.