Food and drink manufacturers remain confident despite mounting challenges

Posted on 16 Oct 2023 by Joe Bush

Eight in ten (81%) leaders in the UK food and drink sector feel positive about the prospects of the industry over the coming year, but mounting pressures including the twin threats of higher energy costs and constraints on consumer spending will continue to test businesses’ resilience.

Accountancy and business advisory firm BDO LLP has published its annual Food & Drink Report, which surveys manufacturers in the sector and reported a high degree of optimism this year. Although down slightly on 2022 (78%), 70% of respondents are feeling positive about the future of their own business in the next 12 months. This…

This content is for subscribers only. Subscribe now for free to read the full article.