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December 14, 2021updated 21 Jan 2022 2:06pm

Food-industry hiring for ‘future of work’ roles hits year-high – data

The proportion of food manufacturers hiring for jobs related to the future of work rose significantly in November compared with the equivalent month last year, according to GlobalData analysis.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

According to GlobalData, the future of work is a concept that “imagines the evolution of the workplace as it is shaped by the advances and adoption of artificial technology, and the ongoing transformation of labour requirements”.

The research organisation adds: “It further anticipates the evolution of employee working patterns, including the manner in which responsibilities will be carried out, flexible working hours, and even the concept of shorter working weeks.”

Some 50.6% of the companies included in our analysis were recruiting for at least one such position, versus 37.3% a year ago. The figure compared to 47.6% in October this year.

When it came to the rate of all job openings that were linked to the future of work, related job postings were up slightly in November, with 1.8% of newly posted ads linked to the topic.

This latest figure was the highest monthly figure recorded in the past year and is an increase compared to the 1.2% of newly-advertised jobs that were linked to future of work in the equivalent month a year ago.

The Future of work is one of the topics that GlobalData has identified as being a disruptive force facing business in the coming years. Companies that excel and invest in these areas now are thought to be better prepared for the future business landscape and better equipped to survive unforseen challenges.

However, GlobalData’s analysis of the data shows food manufacturers are hiring for jobs in the field at a rate lower than the average for all companies within the research organisation’s job analytics database. The average among all companies stood at 3.1% in November 2021.

The organisation adds: “Anticipating operational distribution and the exploration of opportunities for swift adaptation amid times of crisis will further characterise the future of work.”

GlobalData’s job analytics database tracks the daily hiring patterns of thousands of companies across the world, drawing in jobs as they’re posted and tagging them with additional layers of data on everything from the seniority of each position to whether a job is linked to wider industry trends.

The three Food manufacturers that, at the time of writing, have posted the most jobs in the field are Canada-based protein group Maple Leaf Foods, PepsiCo and Nestlé.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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