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October 11, 2018

Pilgrim’s Choice owner Ornua stockpiling cheese in UK amidst Brexit fears

Irish dairy group Ornua is building up supplies of Irish Cheddar cheese in the UK as a defensive measure against Brexit.

Irish dairy group Ornua is building up supplies of Irish Cheddar cheese in the UK as a defensive measure against Brexit.

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The cooperative, whose products include the cheese brands Pilgrim’s Choice and Dubliner and Kerrygold butter, confirmed in a statement sent to just-food that it has taken such action.

It said: “As the full implications of Brexit are unclear, Ornua is managing downsides and preparing for uncertainty.

“As such, Ornua has increased its storage capacity in the UK to facilitate increased storage of Irish Cheddar. This is to ensure a consistent and secure supply of product to meet the needs of Ornua’s strategic customers in the UK market.”

The UK is a major market for Ornua – where Pilgrim’s Choice is the second largest cheese brand in terms of sales – and it appears to be concerned about Britain leaving the European Union next March without securing a trade deal.

While nobody yet knows what that would mean for UK-EU trade, the fear is that goods brought into the UK from Ireland (and other EU member states) could face import duties (and vice-versa).

Ornua booked ”record” annual sales of EUR2.07bn (US$2.39bn) in the 12 months ending December 2017.

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Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

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