Scotland’s pubs, bars, restaurants and hotels face an unprecedented cocktail of challenges, according to the most recent Scottish Licenced Trade Association (SLTA) survey.
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The six-month energy cap unveiled by the Prime Minister yesterday has been met with a smattering of optimism among businesses. Though predictably, the resounding consensus from many corners of the trade is that the measure does not nearly go far enough in limiting the impact of exorbitant energy costs.
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New Prime Minister Liz Truss has announced there will be a six-month scheme for businesses to tackle the soaring costs of energy bills.
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Businesses are facing a brutal decision this winter: charge customers to keep the lights on, or risk going bust under eye-watering energy bills.
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Data from CGA has revealed a third month of double-digit inflation for foodservice prices in April, with further rises expected and inflation unlikely to fall below 7% until at least next year.
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A £15bn package aimed at helping households deal with inflation and the rising cost of energy bills comes just one day after the Sue Gray report was published – a move that has prompted critics to question the rationale and timing of the sudden windfall for British consumers. Also, they ask, where is the support for business?
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One of the biggest challenges facing wine producers worldwide is the shortage of glass bottles – but that’s not the only problem that will dog 2022, as James Bayley reports.
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As the cost of living crisis and soaring energy bills continue to affect households across the UK, many in the hospitality sector are predicting double-digit price rises, inevitably to be passed on to consumers.
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With Christmas almost upon us, the WSTA has called upon the UK government to take urgent action over HGV driver shortages and freight disruption to avoid “supply chain chaos” in December 2021 and beyond.
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We hear from Richard Lloyd, general manager for European operations and supply chain at The Park, the hub of Accolade Wines’ European operations and an independent business in its own right, on how the industry can work together to overcome its supply chain difficulties
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Vindependents has managed to cut transit time from Europe to the UK from six weeks to two weeks, while shaving 20% off transports costs by launching a new a warehouse and distribution company in South-West France.
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Supply chain issues and increasing costs have impacted small and medium enterprises (SMEs) across the country with four out of five (79%) revealing they have faced increased prices from suppliers over the past six months.
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Managed restaurant, pub and bar groups achieved a ‘significant bounce’ in sales in September, the latest edition of the Coffer CGA Business Tracker has revealed.
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Costs resulting from ongoing supply chain issues are likely to be passed onto the customer this autumn, CGA has predicted, with three-quarters of hospitality businesses admitting that they are likely to raise prices as a result.
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Wholesale food prices heading to the hospitality sector reached their highest ever level in May 2021, while soft drinks saw the complete opposite trend.
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A new Scottish Wholesale Food and Drink Resilience Fund has been established by the Scottish government to help wholesalers affected by Covid-19 restrictions to cover fixed costs for a six-month period from October 2020.
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Liv-ex is predicting that the number of ‘steps’ involved in transferring wine between the UK and the EU will more than double post-January, with associated costs forecasted to rise exponentially.
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Less is often more when it comes to turning a profit says consultant Sean Finter, a master at optimising returns from on-trade businesses. Harpers tuned in to his message at Bar Convent in Berlin.
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