We explore the industry’s most pressing challenges and trends including the latest supply chain disruptions, and the prices of fertilizer, raw materials, and food commodities that are rising, hitting economies, manufacturers and consumers worldwide.
With huge inflationary measures in place affecting the cost of raw materials, in addition to rising energy prices and transportation costs, large food manufacturing companies have the challenging balancing act of maintaining a cost base as efficiently as possible without passing on higher costs to their supply chain.
We present a number of ways that food manufacturers can keep up with the inflation wave and emphasize how responding quickly and building efficient flexible processes and plants will surely be more successful for manufacturers.
Industry Insights
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Steve Massey, technical lead and energy expert at Pentadel Project Management, asks how record high energy costs and inflation might alter investment decisions in food and drink manufacturing faciliti ... -
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Coca-Cola, Nestlé and General Mills are just a few of the CPGs to announce hikes as they face a jump in expenses for ingredients, manufacturing, packaging and transportation. -
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“FMCG manufacturers will have to become more adaptive and tap into new consumer behaviours as a result of the pandemic and the current global economic position that is making trade very precarious,” s ... -
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Low supply and high demand for agricultural products has resulted in skyrocketing prices for inputs like grains and fertilisers. This could well continue ‘beyond 2023’, analysts at Barclays warn.