In this industry update we look at five key themes that will undoubtedly put more pressure on the sector in 2019 and into how some organisations have faced up to similar challenges (food and cross-sector) using good procurement to reduce costs, mitigate risk and get ahead.
It is hard to think of an industry sector which is truly closer to the nation’s hearts and wallets than food. Unfortunately, being kinder to your heart is not necessarily kinder on your wallet, and food prices in general have been on the rise for quite some time; grocery margins however, have not. This means that while the supermarkets compete on price, manufacturers, suppliers and consumers are bearing the brunt of supply and demand volatility. And this is happening all the way from farm to fork.