All Suppliers articles – Page 5
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Analysis & InsightFoodservice price inflation reaches 21.5%
All categories in the CGA Prestige Foodservice Price Index recorded double-digit inflation, with the overall figure pushing past 20% for the first time in the Index’s history. But there are signs of inflation levelling off.
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NewsGail’s runs out of eggs
The upmarket chain is the latest chain to be hit by fallout from avian flu, according to The Telegraph
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NewsTimes are grim for both the chicken and the egg
The avian flu outbreak is not the only thing to blame for the current egg shortage, The FT reports
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NewsHeineken announces significant price hikes
The brewer has announced it will be increasing the price of its beer and cider by more than 15% after Christmas due to ‘unprecedented cost pressures’.
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NewsRestaurants set to be hit by supplier strike action
Businesses including Wagamama, PizzaExpress and KFC are facing the possibility of “severe disruption” to their supply chain after GMB launched a strike vote at Best Food Logistics.
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OpinionDavid Read: CPI may have peaked, but food inflation is still rising
Food costs will continue to rise well into 2023, warns David Read, founder & chairman of Prestige Purchasing
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NewsFuller’s sees ‘significant increase’ in energy bills
The pub company expects its total gas and electricity costs in the current year to be around £18m against a prior year figure of £8m
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NewsFood price rises result of a ‘broken’ system
The pandemic, war, and climate crisis compounded a global food system that was already causing widespread food insecurity, the Guardian reports
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NewsUK’s last fertiliser plant to pause CO2 production
CF Industries has announced its Billingham plant will temporarily stop producing ammonia, risking a CO2 shortage for the food and drink industry
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NewsRestaurant businesses form buying group
MeatLiquor and The Real Greek are among several operators that have formed an unofficial buying group in order to tackle to the rising price of ingredients such as chicken.
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Analysis & InsightKentucky Fried Crisis: How surging chicken costs hit Nando’s and KFC
The rising cost of chicken is turning customers away, while farmers are leaving their sheds empty, The Sunday Times reports
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NewsKFC warns of further chicken shortages
The fast food chain has been forced to pause its WOW Tuesday offer due to shortages of chicken on the bone, with beans and Pepsi Max cans also in short supply, it has been reported.
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OpinionDavid Read: Caught flat-footed
Purchasing and supply, under-resourced as it has been in our sector for years, is now all too frequently out of its depth, David Read, founder & chairman of Prestige Purchasing believes
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NewsWe should worry about price of food more than petrol, warns BlackRock founder
The destruction of arable land during the Ukraine war has dangerous global consequences, The FT has reported
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NewsA million UK chickens ‘die needlessly each week to keep prices low’
Fast-growing breeds are dying before they reach ‘slaughter age’, new research reveals, The Guardian reports
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NewsFever-Tree boss bolsters shares
Tim Warrillow, the chief executive of Fever-Tree, has spent more than £1 million on shares after a stinging profit warning, The Sunday Times has reported
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NewsSale of low/no drinks double
Consumers in the UK bought £362m of low and no alcoholic beers in 2021, up from £191m in 2016, according to research group IWSR
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OpinionDavid Read: ‘Be ruthless with dishes that are vulnerable on price’
Managing food and drink inflation is all about data, insight and supplier relationships, according to the chairman of Prestige Purchasing
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Analysis & InsightFoodservice price inflation hits 13.6%
Oil & fats showed the highest levels of year–on-year inflation in March 2022 – up more than 50% – according to the latest CGA Prestige Foodservice Price Index
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Analysis & InsightChicken could match beef on price
The cost of chicken feed has risen by 50%, with Nando’s responding by increasing its menu prices by up to 8% on some dishes