Blog: Generation gap
Dean Best | 14 July 2008
The news here in the UK this morning that factory-gate prices among food manufacturers continue to rise will come as little surprise.
We have, after all, become accustomed to food inflation for months now.
However, the fact the rise was the highest jump in food product prices in 22 years only serves to hammer home the message that suppliers are battling with the biggest change to their cost-base for a generation.
And, as we argued on our pages last week, the fact that these changes – and the general economic downturn – haven't been seen for a generation should be cause for concern in the industry.
The well-worn argument that the food industry is “recession-proof” because we all need to eat and drink has its merits but the challenges facing the sector will be new to many battling with rising costs, the likes of which we haven't seen since the 1980s.
Can we, with any certainty, say the food industry will hold up against the headwinds buffeting the whole economy – not just in the UK but in Europe and the US?
Perhaps the slight change in tone from “recession-proof” to “recession-resistant” tells its own story.
Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...
- Comment: Premier has more to ponder than Brexit
- Trump seen as negative for global food trade
- 2017: food policy hotspots in the UK, EU and US
- Analysis: B&G Foods balancing growth and decline
- Why near-term takeover of Mead Johnson unlikely
- Weetabix takeover talk gathers pace
- Unilever rebrands I Can't Believe It's Not Butter
- Boparan confirms interest in Fox's Biscuits
- Nestle mum on Mead Johnson takeover talk
- Update - Pladis not bidding for Weetabix