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Food Business

How is COVID-19 changing the food industry?

In order to understand food system consolidation and resilience, we’ll be monitoring COVID-19’s impact on the structure and economics of the food industry, identifying where old business models are forced to expire and where innovation is shaping new alternatives. We’ll also be looking at where companies are prioritising food that is healthy and affordable, and where private sector solutions to food access problems are ensuring that vulnerable groups receive the food they need. In the long-term, will the changes we see in this sector hinder or accelerate progress towards a food system that is healthy and sustainable for human and planetary health?

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Retail sector sees unprecedented growth in sales during March

 Kantar reports that grocery market growth for the 12 weeks to 22nd March was the fastest rate in over a decade. The rapid growth was driven by a 20.6% surge in sales over the last four weeks – equivalent to an extra £10.8bn of spending – as shoppers stocked up on groceries and switched back to retail from out-of-home consumption in response to the COVID-19.

Have a look at IGD’s analysis here.

Morrisons to produce £10m of food for food banks, and eases some in-store restrictions

The UK’s largest fresh food manufacturer is ramping up production at its bakery, egg and fruit and vegetable packing site by an extra hour every day to make, prepare and pack essentials to help restock food banks struggling to meet growing demand.

Read the Guardian’s report here.

Morrisons to produce £10m of food for food banks, and eases some in-store restrictions

 The UK’s largest fresh food manufacturer is ramping up production at its bakery, egg and fruit and vegetable packing site by an extra hour every day to make, prepare and pack essentials to help restock food banks struggling to meet growing demand.

Read the Guardian’s report here.

Pubs and restaurants forced to close under nationwide lock down

Boris Johnson orders pubs, clubs and restaurants across the UK to close. “We are telling – telling – cafes, pubs, bars and restaurants to close tonight, as soon as they reasonably can, and not open tomorrow,” the Prime Minister said. They would be allowed to sell takeaway food and drink, he added.

More details in the Guardian.

Pubs and restaurants forced to close under nationwide lock down

Boris Johnson orders pubs, clubs and restaurants across the UK to close. “We are telling – telling – cafes, pubs, bars and restaurants to close tonight, as soon as they reasonably can, and not open tomorrow,” the Prime Minister said. They would be allowed to sell takeaway food and drink, he added.

More details in the Guardian.