UK small and mid-sized food and drink manufacturers are grappling with a stark profitability drop, with the alcohol sector experiencing the most significant hit.
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Despite business confidence falling to record lows across the food and drink industry in the second quarter of 2020, untapped overseas export markets remain a “golden opportunity” for recovery and growth for businesses, according to a new report.
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The Food and Drink Federation (FDF) has warned that the ‘squeezed middle’ [supply chain] needs support if the hospitality restart is to succeed.
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The Food and Drink Federation (FDF) has reported a 10.7% year on year increase in the exports of UK food and drink to £5.8bn for the first quarter of 2019, boosted by strong performances from whisky, gin and wine.
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Overall UK food and drinks exports slowed to a crawl in 2018, but gin and whisky continued to fly the flag – each growing in both value and volume.
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