At Grant Thornton’s recent food and beverage Annual Dinner, skills was the number 1 issue for the sector at Hilden Brewery. Attendees highlighted concerns on attracting quality staff especially with the uncertainty of Brexit as well as the apprenticeship levy. Many companies are actively looking at automating processes so improve efficiency and reduce labour as a constraint on future growth. Work is being done to change the myth that the food and beverage sector is low skill and low pay.
‘Robotics and Automation in Food Processing’ conference
CAFRE recently hosted a Robotics and Automation in Food Processing conference where the potential of robotics and automation in the Northern Ireland Food and Drinks sector was discussed. Future labour skills supply risk and drives to improve productivity will mean that this will be a key trend to watch in the future
Find out more: https://www.cafre.ac.uk/2017/10/time-robotics-food-industry/
Grocery inflation hits 4 year high with discounter as UK’s fastest-growing supermarket
Recent data from market research firm Kantar Worldpanel reveals that supermarket value sales increased by 3.2% with like-for-like inflation of 3.4% - the highest figure since November 2013. Volume sales have only increased by less than 1%. Lidl’s sales were up 15.1% making Lidl Britain’s fasted growing supermarket for the fifth consecutive period. Sainsbury’s was the fastest growing among the four big supermarkets. The Christmas period will be a key focus period for all of the multiples. Value for money will remain a key focus for consumers.
Grant Thornton food and beverage insights
43 deals involving UK and Ireland companies were completed in Quarter 3 2017. Whilst a slight fall from the previous quarter it indicates the M&A remains high on the agenda for corporates looking for growth. With a weakened sterling UK assets are particularly attractive for International buyers. Locally the recent sale of MoyPark to US firm Pilgrim’s Pride is featured.