Blog: Dean BestWhy food can withstand an economic chill

Dean Best | 6 December 2007

Let’s not forget – food is a necessity.

So, amid all the worries about this year’s “credit crunch”, a weak housing market and declining consumer confidence, perhaps packaged food companies are well-placed to withstand any economic ill-winds that blow their way.

Today (6 December), an interesting report reached our desks from international debt ratings agency Fitch’s.

In the report, Fitch’s was quick to reassure the food business that, as consumers tighten their belts, food is an area unlikely to suffer.

“With the weak housing market and its negative ramifications on consumer spending, there will be tightening of discretionary spending,” the agency tells us. “However, due to the non-discretionary nature of packaged foods, there should be little negative impact overall.”


BLOG

Amazon tries again in UK food delivery

Perhaps today's most eye-catching corporate food story here in the UK is Amazon's decision to invest in food-delivery business Deliveroo....

BLOG

The heat is on at Hobnobs HQ

Andy Coyne visits snacks giant Pladis and hears about issues relating to football and sunny weather and learns of an admirable new initiative aimed at promoting positive mental health....



Forgot your password?