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Inputs, Inflation, Costs and Commodities : Latest Fortnightly Update 31 May 2022

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17 May Report >

5 May 2022 report >

 

One Year on

In the 12 months since we launched The Knowledge Bank, I have been overwhelmed with the positive reaction we’ve had from across Scotland’s food and drink sector, who are using the services we provide to drive their businesses to bigger and better things. There’s still a lot of work to do and businesses to engage with, but we’re hoping this will continue as we enter year two.

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Slàinte Mhath: Keeping Up with Cocktail Trends – The Top Five to Look Out For

It’s well known that consumers have evolving tastes and are constantly on the lookout for something new, but in fact, 46% of consumers change the cocktail they drink based on the time of year.

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Unprecedented Times

As we head into the summer months, the ongoing supply chain challenges originating from the impact of the war in Ukraine remain at the forefront for all involved in the food and drink industry. Rising costs of inputs and availability of ingredients are causing alarm for those at the production end whilst consumers are feeling the pinch as the cost of living continues to increase.

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Inputs, Inflation, Costs and Commodities

The Scottish food and drink supply chain is experiencing serious pressures with record high input costs, labour shortages, spiralling inflation and unprecedented logistics challenges. This latest report from The Knowledge Bank collates insight from a host of well-informed sources to create a clear picture of what’s causing these headwinds.

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A graduate’s honest reflection on beginning a career in the Scottish food and drink sector

I was honoured (and slightly overwhelmed!) to be included in the esteemed line of speakers at The Knowledge Bank’s Focus on Foodservice conference in March. Here is a snippet of my reflection on being a graduate in the Scottish food and drink industry and what the sector needs to do to recruit more graduates.

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A glass half full

We’ve made it… March has sprung and with its arrival comes blue skies and the end of one season as we approach another. But all is not well in the world as we watch on at what is happening in the Ukraine and begin to understand the impact of what is happening there including the knock on effects on food and drink supply chains across the world. 

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New horizons

2022 brings with it new horizons and for the team at The Knowledge Bank a further opportunity to share market insight and intelligence with the Scottish food and drink industry. We’ve been really encouraged with the interest in what we’re doing and over the course of 2022 we look forward to developing our work which will uncover more opportunities for growth.

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All I want for Christmas

The advent calendars are operational and this weekend we get our tree and start the preparations for Christmas 2021. The turkey has been ordered and a lot of the presents already hidden, both bought through shopping from the comfort of my armchair.

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Don't lose sight of the opportunities

It’s been a long year, a long two years in fact and I’m looking forward to some time off over the school holidays to recharge the batteries as we head into the last few months of 2021. But we’re not there yet, as we see the recovery from Covid and lockdowns continue we are now witnessing the impact that the lack of labour is having not only in our own industry but also sectors.

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The future of our food

At the recent Scottish Food and Drink Industry’s virtual conference, entitled “The Knowledge Bank”, Brian Richardson, Head of Agriculture for Virgin Money, congratulated the sector on its effective response to the pandemic, and predicted what challenges the post-covid world will produce. Brian reviewed the turmoil of Brexit, with the search for the elusive frictionless borders that had been promised. However, without reaching a satisfactory solution, the industry was plunged into the chaos of Covid.

 

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Blue skies ahead

After what feels like weeks of glorious sunshine, the MET Office has issued a wet weather warning as most of the UK was battered with nearly a month’s worth of rain in one day. The little sweetcorn seeds my father sent me all the way from Bangor, are now swimming for their lives and what had become a somewhat regular post-work drink in the garden – surely one of the benefits of enforced home working – has been put on hold for now.

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Opening time

A slow return to a new normal is now underway and consumer confidence is rising. Thanks to more and more of us being vaccinated, and with the lockdown easing, we are gradually gaining access to a life beyond our own homes. The impact of these changes are now being witnessed in our hospitality sector as well as grocery retail.

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Returning to the new normal

Times flies. It’s the end of August already and the major news from our house is that school is back. Which means routine has returned, packed lunches are the order of the day and I’ve dusted off my chauffeur’s hat. I do enjoy the summer holidays where everything is a little bit more relaxed and with the added bonus in recent weeks, of being able to get out and about a bit more enhancing all of our moods in the Brown household.

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Category insight

Understanding the performance of key categories in the local and UK market is important to support your growth plans and ambitions.

Reports

> Venison

> Food and Drink: Inputs, Inflation, Costs and Commodities

Snapshots

The category snapshots from The Knowledge Bank will give you top line insight on what is driving performance in categories.

> Beer

> Cider

> Venison

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Find out more about using the Knowledge Bank by contacting The Knowledge Bank team on info@theknowledgebank.scot

 

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