If you’ve dined out recently, you may have noticed a recent trend – reduced menu items and/or smaller portion sizes. As businesses battle inflation, increased food costs, staffing shortages and soaring energy prices, operators are looking for ways to satisfy customers...
Inflation The inflation rate for October reached 11.1%, up from the 10.1% in September and the highest rate since 1981 [ONS]. This rise is most likely due to increases in gas and electricity. The food industry has seen huge increases over this year with prices rising...
2022 has been a challenging year for hospitality to say the least. As the pandemic began to wind down, hopes were high that our industry would rebound quickly. And in many ways it did. But as the year progressed, new challenges have made it difficult for operators to...
Inflation With Britain’s official rate of inflation reaching a 40-year high in July, it eased a bit to 9.9% for August 2022 due to petrol and diesel prices falling slightly [Source: ONS]. However, the latest reports suggest that UK inflation will continue to rise,...
Consumers are bracing for their power bills to rise in October when the energy price cap - the maximum amount suppliers can charge customers in England, Scotland and Wales – is scheduled to go up. Many people are expected to face "fuel poverty" - when a household has...
A report from Logistics UK (formerly the Freight Transport Association) says that 71% of UK logistics companies have experienced sharp increases in costs during the first quarter of 2022. The primary cause is the rise in the cost of diesel, although there are...
Inflation, the war in Ukraine, higher energy costs and increased demand are key factors that continue to push food prices to their highest levels in decades. Brakes Spring 2022 Market Update was recently published, and it breaks down several key food categories with...
The impacts of Brexit, a global pandemic and the war in Ukraine are far reaching: disruption of supply chains, skyrocketing energy and fuel prices, and labour shortages. All of these are placing unprecedented pressure on every business; the hospitality sector maybe...
Experts predict that the current challenges faced by the supply chain is set to continue into the New Year, with some commentators even predicting that ‘normality’ will not resume until the summer of 2022. Key challenges that will continue to impact business include:...