Long-time spirits industry commentator and MD of Mangrove Global, Nick Gillett, speaks out ahead of the new Labour government’s Autumn Statement, arguing that ‘the best hospitality can hope for is to be left well alone’.
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Small and mid-sized suppliers in the alcoholic drinks sector could tap into an extra £27,575 in repeat sales by enhancing customer loyalty, according to a recent report. The research, a joint effort by Oxford Brookes Business School and ProspectSoft, part of The Access Group, points to significant revenue potential for manufacturers, wholesalers and distributors. The study indicates that many SMEs are losing out on repeat business from customers who stop buying after their third purchase.
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With only a few months remaining before the Extended Producer Responsibility (EPR) scheme begins, UK businesses are calling on the government to delay its rollout, citing confusion, unpreparedness and unclear costs. In a joint letter to Defra, over 80 companies have urged postponing the scheme until there is more clarity on its operation and expenses.
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The National President of the Fed (Federation of Independent Retailers) has written to the new Secretary of State for Business and Trade to highlight the impact of higher wages on smaller businesses.
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Following a review of business payments and cash flow, the government has found that small and medium-sized enterprises (SMEs) were owed on average £22,000 in late payments in 2022.
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UK beverage manufacturers are now holding more than double the amount of stock compared to pre-pandemic levels, as delays and shortages take an increasing toll on the global supply chain.
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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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Harpers will be joined by some of the giants of the marketing world next week for a deep dive into how SMEs can make branding and communication budgets go further.
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New research has estimated that small hospitality businesses operating in food and drink will on average lose £21,586 in lost work, earnings and loan repayments as a result of Covid-19.
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