The World Economic Forum’s Global Risks Report 2016 rates the failure of climate change mitigation and adaptation as the risk that could hav...
With stagnant volumes and volatility in costs putting pressure on margins, more companies are turning their attention to supply chains to ek...
The World Economic Forum’s Global Risks Report 2016 rates the failure of climate change mitigation and adaptation as the risk that could have the greatest impact on business. In addition, Ben Cooper writes, the prevalence of climate change risk and the way it is expected to exacerbate other environmental, societal and economic impacts underlines the increasing interconnectedness of business risk, which is an overarching theme of the report.
A consistent challenge facing grocers is maintaining – or strengthening – margins in a frequently hostile retail environment. This must be achieved while also developing the customer proposition and investing in growth. Keeping a lid on costs is a must but that has to be balanced against issues like pressure to raise wages, as we have seen in the UK this month, and the need to keep consumer prices low.
The rapid development of online retailing has long been a key part of the strategic direction of global food retailers. While the channel represents a growth spot in what can – in many markets – seem a sector struggling for sales growth, there is as yet no clear formula for profitably exploiting it. However, as this month's Talking shop round-up illustrates, a number of grocers are further investing in the channel.
The Grocery Code Adjudicator launched a probe into Tesco's supplier payments today (5 February). Given Tesco has already taken moves to address issues in its supplier dealings, this investigation could appear to be more symbolic than consequential. However, with calls for regulation of supplier payments starting to mount in the UK, the attention it is sure to draw could nevertheless prove significant, Katy Askew suggests.
Irish private-label ready-meals maker Ballymaguire Foods has opened a new domestic plant it hopes will help expand its presence in the UK. The company says demand for ready meals continues to rise in Ireland and the UK and managing director Ed Spelman talks to Hannah Abdulla about the group's plans to tap into that growth.
Family-owned UK company Bennett Opie is a varied business, selling products from pickles to compotes under its Opies brand at home and abroad and handling a fast-growing distribution arm in its domestic market. just-food spoke to fourth-generation owner William Opie about the company's recent rapid growth and its ambitions to expand further overseas.
Tesco has apologised for "unsustainable and harmful" practices with its suppliers after the UK Groceries Code Adjudicator found the retailer "seriously breached" the Groceries Supply Code of Practice drawn up to govern dealings with manufacturers.
Tesco has re-listed core products from Associated British Foods' bread brand Kingsmill, reversing a decision the UK's largest retailer made in March to stop stocking the lines.
Associated British Foods-owned bread brand Kingsmill is set to return to Tesco shelves, after the UK's largest retailer delisted the brand in March.
The discovery of "superbug" MRSA in pork on sale in several UK supermarkets has prompted renewed calls for the food sector to change the way it uses antibiotics in meat production.
Lactalis-owned UK dairy business Rachel's Organic has confirmed supermarket Tesco has delisted its yoghurt range.
We attended the Consumer Analyst Group of Europe conference in London this week, bringing you strategic updates from the likes of Nestle, Danone and Glanbia. Elsewhere, General Mills reported further pressure on sales and earnings and we profiled the growing importance of e-commerce to baby food makers in China.
Tesco has confirmed it is de-listing Associated British Foods' largest UK bread brand, Kingsmill.
Irish ice cream producer Paganini is eyeing an entry into the Middle East's retail sector with the launch of its protein-heavy product Fitfuel.
Tesco has reportedly sent out more than 3,000 emails asking its suppliers to cut prices in reflection of falling commodity costs.
This week, Tesco found itself in more deep water with the UK's grocery watchdog saying it suspects the UK supermarket has breached the code of practice governing dealings with suppliers. Elsewhere, Arla announced a joint venture in Australia which it hopes will multiply its business in the country significantly and Hain Celestial's CEO was upbeat about the US group's prospects.
Tesco is to be the first UK retailer investigated for alleged breaches of the country's groceries code in the wake of its mis-statement of profits, it was announced this week. Elsewhere, a staff error led to Fonterra losing its licence to ship cheese to the US and Mars revealed it will close a chewing gum plant in Canada.
The UK's Grocery Code Adjudicator has launched an investigation into Tesco's dealings with its suppliers following September's profit-overstatement scandal.
UK dairy co-operative First Milk was this week forced to come out and calm fears over its financial position after announcing it would delay payments to farmers. Staying in the UK, Morrisons announced chief executive Dalton Philips would leave as the UK grocer battles to reignite sales. And Brazil-based food giant Marfrig revealed its CEO had resigned from the business.
Tesco this week claimed it wanted to "regenerate" its relationship with suppliers, with a strategy that looks set to cut the number of SKUs on sale in stores. Meanwhile, speculation emerged Brazilian private-equity firm and Heinz co-owner 3G Capital is looking at further acquisitions in the food industry.
This week, Chobani refuted claims its CEO Hamdi Ulukaya is being pushed out of his position. Elsewhere, Tesco outlined a new strategy expected to have a profound impact on the companies that supply the retailer. Findus acquired Nestle's Spanish frozen food business La Cocinera and HKScan announced it was axing 95 jobs across two of its sites in Denmark. Here is the week in quotes
Tesco has said it is focused on "regenerating" relations with suppliers through "new commercial income guidelines" and associated year-end cash management.
UK chilled soup manufacturer The Yorkshire Provender Co. has invested GBP2m (US$3.1m) into expanding its production facilities.
This week, Danone announced it was forming a new division for its operations in Africa and keeping its medical nutrition arm, which had been the subject of takeover speculation. Tesco issued yet another profit warning, but CEO Dave Lewis is convinced the company is taking the right steps for the future and outlined changes to the way the retailer will do business with suppliers. Elsewhere, Kellogg remained coy over union claims it was mulling the closure of two cereal plants in the US. Here is the week in quotes.
Danone this week gave the first tangible signs of its plans under new CEO Emmanuel Faber, including a new division to focus on growing in Africa. Cargill revealed it is considering an entry into Indonesia's poultry sector. Meanwhile, Tesco announced another profit warning but notably outlined changes to the way it will do business with suppliers.
The UK government is considering allowing ready meal manufacturers to put the official five-a-day logo on their products.
More than 70% of fresh chickens being sold in UK supermarkets are contaminated with campylobacter, a survey by the Food Standards Agency has unveiled.
China Resources Enterprise, the brewing-to-retail group, has reported a nine-month loss from its food division, as start-up costs from its rice business offset higher sales.
The UK retail giant has sought to "simplify" its trade terms with suppliers.
Just a week after the IGD issued forecasts for the growth of online grocery to 2020, analysts at Kantar Worldpanel today (7 July) issued their own take on the prospects for the channel. And the message to brands is clear: act now.
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