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Market Report – Winter 2024

Market Report – Winter 2024

OVERVIEW From the highest annual food inflation rate in over 45 years (19.2%) recorded in March 2023, inflation in the year to December 2023 slipped to 8% * [Source: ONS Feb ’24], a welcome start to the New Year. Whilst this reduction is welcome to all in the...

Autumn Market Update, October 2023

Autumn Market Update, October 2023

Overview Whilst food inflation remains in double digits, there is light at the end of the tunnel with the latest ONS statistics reporting a fall in the headline annual food inflation.  The UK reliance on imports to bridge the gap in home grown/produced products...

You can combat higher prices with bespoke procurement services

You can combat higher prices with bespoke procurement services

A stunning 86% of UK hospitality businesses will likely close in the next three years if their costs do not reduce and their revenue does not rise. Half of these operators are likely to close within 12 months’ time, according to data revealed in the Plates to Profits...

Enhance Spring Market Update – April 2023

Enhance Spring Market Update – April 2023

Inflation continues to dominate the hospitality industry, with the latest data reporting food inflation for February dropping slightly from the record high in December of 22.9% to 20.6% YoY. Whilst the major elements contributing to food prices are now more stable...

Tips to combat high energy costs for food operators

Tips to combat high energy costs for food operators

Energy prices may now be the biggest threat to the hospitality industry. Energy is the second highest cost for hospitality venues, and energy bills are predicted to rise by £4.5 billion in 2023. The rising cost of energy is indeed a hardship for many businesses...

13 tips to enhance your margins

13 tips to enhance your margins

Our team work with hundreds of local and national suppliers across the UK in order to find the best pricing and terms for our clients. We are encouraged by the support and guidance many of these suppliers provide to our customers from making tough decisions on menus...