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How to implement a zero-based budgeting strategy

The process of zero-based budgeting removes the budget's baseline and requires every cost to be justified. In contrast to other budgeting te...

Why zero-based budgeting is shaking up food

Zero-based budgeting is not a new concept. It was developed around five decades ago by Peter Pyhrr, an account manager at semiconductor firm...

The risks and rewards of zero-based budgeting

A growing body of food makers are adopting zero-based budgeting as a tool to reduce costs and improve resource allocation. The method has al...

General Mills on Q1, innovation, margins

General Mills booked a 7% drop in first-quarter net sales last week, with sales down 4% on an organic basis. The US company has repeatedly i...

Latest Interviews

Interview: UK trade body on Brexit's policy impact 19 Oct 2016

Ben Cooper

In the second part of an extensive interview on the implications of Brexit for UK food companies, Ian Wright, director general of industry association the Food and Drink Federation, speaks with Ben Cooper about the longer-term implications of Brexit for UK food and farming policy and on the food industry's labour force. 

Interview: UK trade body on the impact of Brexit 19 Oct 2016

Ben Cooper

UK Prime Minister Theresa May has said the formal two-year process for the UK to leave the EU will begin in a little over five months. Ian Wright, director general of the Food and Drink Federation, the industry association representing food manufacturers operating in the UK, spoke with Ben Cooper about the immediate instability the vote for Brexit has caused and his longer-term outlook for the UK food sector.

Latest News

CP Foods targets ageing population with soup plant 21 Oct 16

Katy Askew

Thai food giant Charoen Pokphand Foods is building a production plant in Thailand to produce "healthy soup" aimed at "elderly people and patients". 

UK announces "action plan" to drive food exports 18 Oct 16

Dean Best

The UK government today (18 October) set out its bid to increase the value of the country's food and drink exports by GBP2.9bn, with plans to target a select group of markets.

Kraft Heinz: Innovation more important than ever 18 Oct 16

Dean Best

Kraft Heinz has called on UK grocers to remember the "importance" of innovation in growing sales as they "re-set" their ranges, moves they believe will make the shopping trip simpler and help alleviate the competitive threat of discounters Aldi and Lidl.

Quotes of week - Unilever, Beyond Meat, Kellogg 17 Oct 16

Dean Best

This week saw the first high-profile sign of Brexit affecting food company costs with a row between Unilever and Tesco over the supplier's request for 10% price hike. Our M&A pages were busy, with Tyson Foods investing in faux meat business Beyond Meat, Europe Snacks merging with fellow private-label snacks business Kolak Snack Foods and Kellogg snapping up Brazil's Parati Group.

Japan proposes country of origin labelling 14 Oct 16

Julian Ryall

The Japanese government has proposed new rules requiring country-of-origin labelling for all processed food on sale in the country.

Premier sales hit by warm September  12 Oct 16

Katy Askew

Premier Foods plc has booked a 5.4% fall in revenue for the second quarter of its financial year, with the UK group saying the warm weather in September hitting categories such as gravy mixes and desserts.

Latest blogs

Brexit blues for UK food manufacturers 12 Oct 16

Dean Best

Confidence in the UK food and drink manufacturing sector is becoming "more fragile", industry association The Food and Drink Federation has claimed after a survey of its members - and Brexit is said to be a major factor.

Nestle announces changes to senior team with new CEO on horizon 27 Sep 16

Dean Best

Nestle, set to welcome a new CEO on 1 January, has announced more changes to the make-up of its senior management team.

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