Economic fog - OC&C Food & Drink Top 150 2019Monday, October 7, 2019
Our latest Top 150 report, produced in partnership with The Grocer, shows the UK food and drink industry under pressure. As currency-driven input inflation and rising labour costs continue to squeeze margins, the prolonged run-up to Brexit is weighing heavily on food and soft drink producers. Amidst this there are some green shoots of recovery for the largest branded producers who have seen growth improve after years of underperformance, suggesting that some of the efforts they have been making to innovate, evolve their portfolios and adopt the full range of digital activation tools are having an impact.
Despite the economic fog of Brexit the strongest producers are making their own fortunes. Our five top performers; Coca-Cola European Partners, Finlays, McCain, Nichols and Scottish Sea Farms, show that with the right combination of positioning to capitalise on structural trends and great execution they can succeed despite testing conditions and significant uncertainty.
The economic fog
As currency-driven input inflation and rising labour costs continue to squeeze margins, the prolonged run-up to Brexit is weighing heavily on food and soft drink producers
Getting a taste for success
Consumer goods companies are right to embrace the trends such as health, indulgence and convenience that currently underpin product development in food and drink. But being topical doesn’t mean you’re always doing the right thing