The boss of one of the UK’s biggest milk supply groups has slammed cost-cutting by discount stores that he claims has taken £252m out of the supply chain.
Early indications are that Yeo Valley may have turned the swag on with its latest ad campaign, which has become an overnight YouTube sensation (and turned an owl called Ted into an international celebrity).
Higher energy and raw material prices coupled with fragile demand and weak retail pricing could put many food manufacturers – particularly bakers – under intense margin pressure this year, analysts are predicting.
Shoppers are "becoming bored" with the cake fixtures in supermarkets, but rising input costs and weak retail pricing are making it difficult for firms to add excitement and value back into the category, according to the boss of Finsbury Food...