With the news within the last week of a sharp rise in inflation up to 2.3%, it is expected next month that the average wage increase will dip below the average pay increase of employees for the first time for 3 years. The average pay increase is currently 2.9% and it is expected that this will drop slightly and inflation will increase above this when the March figures are issued in a month’s time. This means, of course, that worker’s wages will be decreasing again in real terms, which is bound to increase pressure on employers, who are already feeling squeezed on many other fronts: Brexit, Living Wage, Business Rates etc. as discussed previously
By the time you read this Article 50 may well have been triggered, or it May have been delayed (see what I did there?) I have made my views on Brexit very clear over the past year, so have many others within the business world, but I like them whilst we voted “Remain” had resigned ourselves to the process of leaving, hoping for a smooth transition. I wouldn’t say that I have become optimistic about being out of Europe but had begun to see some positives
I’m writing this week’s blog from Western Kenya, where I am visiting our project and planning to try and make the children’s centre (orphanage and schools) more self-sufficient
It seems that inflation will remain a hot topic for everyone within the next few months, but maybe especially for those in the food and drink sector. The February figure will be out soon and many are expecting it to be 2% or over. The last time that happened was in 2013, and only a year ago, the figure was a measly 0.3%. I am doing my research as I have been asked to be part of a panel to discuss rising inflation at the forthcoming convenience show in April! It does seem as if there may be a perfect storm brewing with various factors coming together at once. Let’s have a look at them and what we can do about them
I am always more interested in Dragon’s Den when companies come on from the speciality food world. I think this series, so far, there have been three – and in any event there always seems to be at least one food and drink company on the programme. What is especially interesting, of course, is to find out the financials of these suppliers, or in some cases, ex-suppliers. These are the kind of questions it is not polite to ask during supplier meetings, and most suppliers are too small to have to post full audited accounts, so illuminating to see what is really going on
I thought this week I would share insights on what I expect some of the retail trends to be in 2017, which have inspired some of our product choices this year
Why is it that the same old lessons need to be learned time and time again? I received a phone call last week advising me that one of our suppliers had gone into administration. Launched at the peak of the popcorn revolution, Portlebay Popcorn, were different to many in that they made their own products. Very commendable and something we look for as a priority with our suppliers
Well that was a surprise to most of us – who would have forecast that Tesco would make a bid for Booker?
There is no chance of complaining at present of the world being boring. As I have started to write this blog, breaking news has just popped up on my phone, “President Donald Trump, America’s 45th Commander-in-chief has just been sworn in”. Five minutes prior to that the breaking news was Jeremy Corbyn saying in a speech that Scotland couldn’t survive as a separate nation, should it vote to remain in the EU and leave the UK – a very real possibility in my view. It’s Scotland where I am for the next few days at Scotland’s Speciality Food Show. I’m looking forward to seeing our many Scottish customers, many of whom travel for hours to come to this show, even if we are in deep snow, which it actually looks like won’t happen for a change
The most commonly asked question around the food world at this time of year must be: “How did Christmas go?” Initial feedback we have received suggests that it was generally positive for many retailers in the speciality food sector, although ask me again in a couple of weeks when I will have seen 100s of retailers at our January Launch Shows which start next week
For many of us in the food sector, it is easy to potentially not enjoy Christmas as much as others as we are immersed in it for much of the year
As we approach the festive season, many of us heave a huge sigh of relief as the volume of e-mail traffic decreases as producers start winding down for Christmas and retailers are too busy to e-mail
I have been watching on “catch up” a BBC series 'Ordinary Lies' recommended by a friend. Just as well as I wouldn’t have normally watched it - the title didn’t really do it for me! It is a well put together, well-acted series about different characters within the same work place. The series follows a different character each week, and the viewer finds out that those ordinary people sometimes have extraordinary things going on in their lives. Of course, they do, we all do. The business is an SME with a sales team and a warehouse team - all very close to home really!