Saturday, August 8, 2020

Report explores growth opportunities & challenges for food & drink sector

A new report highlighting the growth opportunities and challenges for the food and drink sector for 2020 has been launched by the Food and Drink Federation (FDF) and Santander.

The ‘Food and Drink Industry Report 2020’ looks at exports and the developing markets of China, India, Japan, UAE and USA, all of which have seen considerable year-on-year growth.

Santander’s export team provides analysis of the potential and challenges around each territory together with essential information for any company considering trading with these harder to reach markets.

The report highlights other important issues for the industry including increasing automation. The recent ‘Made Smarter Review’ highlighted a potential £55.8 billion value to the sector over the coming decade through digital technology adoption but pointed out that food and drink lags behind other manufacturing industries.

Sustainable packaging and diet and health are also highlighted in the report as areas where industry is committed to making a difference, working alongside or ahead of Government to drive change.

“UK food and drink exports have been a singular success in recent years, achieving strong year-on-year growth. But we start from a relatively low base, in that only around one-in-five of our food and drink businesses are exporters,” said FDF Chief Executive Ian Wright.

“In some competitor markets, that proportion is much higher. Encouraging more businesses to overcome their concerns about exporting is a high priority for FDF and for our affiliate members Santander.

“We are seeking to persuade the Government to invest alongside us in more specialist support to help companies take advantage of more export opportunities.

“This report focuses in detail on growth through export potential but also touches on the many other opportunities and barriers on key issues impacting our members.”

Andrew Williams Santander UK, Head of Food and Drink Sector, added: “As the UK’s largest manufacturing sector, contributing £31.1bn to the economy annually and employing 450,000 people, the food & drink industry is a vital element of UK business and output, both domestically and internationally.

“Despite an uncertain UK economic environment and the continual need to invest in technology and innovation, huge opportunities remain to sell more great British food and drink, in particular oversees.

“It’s key that we identify how best to harness this growth potential and improve productivity, and we’re delighted to be supporting the industry and this FDF report and in particular, by showcasing those opportunities overseas.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.















Latest news

Future Food-Tech summit to bring experts together virtually next month

Next month, C-Suite food brand executives, investors and entrepreneurs from all four corners of the globe will come together for the virtual Future Food-Tech...

Biodesign start-up raises $91m to expand Ingredients-as-a-Service platform

A California-based biodesign start-up has raised more than $91 million to expand its global Ingredients-as-a-Service platform. According to Geltor, the $91.3 million Series B financing...

Food maker secures finance as it expands into vegan market

A Welsh food producer has secured a seven-figure finance package to expand its product development activity as it moves into the vegan market. The financing...

Kite Packaging donates thousands to charities

Kite Packaging has donated £9,000 to a range of charities across its regional bases. The employee-owned business has seven Regional Distribution Centres located around the...

Alpro adds new oat-based yoghurt to Big Pot range

Alpro has added an oat-based yoghurt alternative to its Big Pot range in the UK. The plant-based brand said that its new Absolutely Oat yoghurt...

High-tech UK food manufacturing campus secures £12m

The UK Government has agreed to provide £12m in funding to help launch a revolutionary high-tech food manufacturing campus in Derby. The new £300m high-tech...

Related news

Future Food-Tech summit to bring experts together virtually next month

Next month, C-Suite food brand executives, investors and entrepreneurs from all four corners of the globe will come together for the virtual Future Food-Tech...

Biodesign start-up raises $91m to expand Ingredients-as-a-Service platform

A California-based biodesign start-up has raised more than $91 million to expand its global Ingredients-as-a-Service platform. According to Geltor, the $91.3 million Series B financing...

Food maker secures finance as it expands into vegan market

A Welsh food producer has secured a seven-figure finance package to expand its product development activity as it moves into the vegan market. The financing...

Kite Packaging donates thousands to charities

Kite Packaging has donated £9,000 to a range of charities across its regional bases. The employee-owned business has seven Regional Distribution Centres located around the...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close