Author: Scott Dylan

Iceland has initiated substantial price cuts on 200 items, aiming to support customers during the summer holidays.Customers can enjoy significant savings on everyday products, including brands like Richmond Sausages and Greggs.In response to economic challenges, more than half of parents intend to reduce spending to provide for their families.The initiative includes a £2 bonus card top-up and various promotional offers on selected items.Iceland aims to alleviate financial pressure on families, promoting affordable access to essential goods.Iceland has announced a significant initiative to reduce prices on 200 products as part of a summer savings strategy. This effort is aimed at assisting…

A recent study by Nomad Foods suggests that increasing freezer temperatures can lead to significant energy savings without compromising food quality.The research, conducted with Campden BRI, experimented with temperatures ranging from -18°C to -9°C across various products.Findings revealed that maintaining a storage temperature of -15°C reduces energy consumption by over 10%.No significant impact on safety, texture, taste, or nutrition was observed at -15°C, making it a viable energy-saving option.This initiative may offer considerable cost reductions and a lower carbon footprint for both manufacturers and consumers.In an innovative move to reduce energy consumption, Nomad Foods has released insights from a pilot…

Beyond Meat adjusts its revenue forecast due to declining demand for plant-based products.The company now expects 2023 revenue between £283m and £299m, down from previous expectations.Inflationary pressures are pushing customers towards cheaper animal protein options, impacting sales.Beyond Meat’s Q2 net revenue fell nearly 31% to $102.1m, below analysts’ expectations.The firm is testing price cuts and expanding its product range to boost consumer interest.Beyond Meat has revised its annual revenue forecast, now predicting figures between £283m and £299m for 2023. This adjustment is a reduction from its earlier projection of £295m to £326m. The change reflects a decrease in consumer demand…

One Stop collaborates with Veolia for an innovative recycling initiative, enhancing sustainability efforts.The partnership targets recycling over 380,000 milk bottles yearly, promoting environmental responsibility.Weekly collections from distribution centres ensure consistent processing at Veolia’s Dagenham facility.The process transforms bottles into reusable plastic pellets, reducing carbon footprint significantly.The initiative supports One Stop’s net zero target by 2050, aligning with recent sustainability strategies.One Stop has formed a collaboration with the global resource management company, Veolia, to advance its sustainability efforts through a novel recycling initiative. This partnership aims to recycle more than 380,000 own-label milk bottles annually from One Stop’s stores, underlining a…

Luke Jensen has transitioned from Ocado Solutions to Hana Group, taking up the role of executive chairman.Jensen, leveraging his extensive experience, will guide Hana Group’s global strategy and operations.He departs from Ocado Solutions on September 30 after a tenure marked by significant achievements.Jensen has been associated with Hana Group since 2015, working as a non-executive director.Steve Dacus, the former chairman, will remain on the board as a non-executive director.Luke Jensen, previously the CEO of Ocado Solutions, has been appointed the executive chairman of Hana Group, a renowned provider of on-the-go sushi and pan-Asian cuisine. In this new role, Jensen is…

In July, food and drink led high street sales as overall retail figures slowed due to adverse weather conditions.The British Retail Consortium (BRC) reports a 1.5% growth in total UK retail sales, a decrease compared to last year.Food sales increased by 8.4%, surpassing the 12-month average, as inflation showed a slight decline.Non-food sales dropped by 0.5%, negatively impacting retail performance over the three months to July.Online sales declined nearly 7% year-on-year, with limited categories such as furniture performing well.In July, food and drink emerged as the leading categories in high street sales, despite a slowdown in overall retail performance. This…

Food prices are on the rise following geopolitical events, raising consumer concerns.The chief economist of the Bank of England, Huw Pill, has issued a warning about ongoing high food costs.Disruptions in the supply chain due to the Ukraine conflict have elevated fundamental commodity prices.Businesses have locked in high-priced contracts to mitigate uncertainty, passing costs to consumers.Food inflation, after peaking, is starting to ease but remains a significant issue.Huw Pill, the chief economist of the Bank of England, has highlighted the possibility that food prices may remain elevated indefinitely following the Russian invasion of Ukraine. This geopolitical conflict has severely impacted…

Tesco rolls out ‘reduced in price, just as nice’ signs to 300 additional supermarkets.Initiative aims to help shoppers easily find discounted and quality products while reducing waste.Signs highlight fresh produce nearing expiry and seasonal items at reduced prices.Survey indicated customer preference for attractive areas to shop discounted items.Plans are in place for further expansion of this signage scheme.Tesco has extended its ‘reduced in price, just as nice’ signage to an additional 300 supermarkets since its initial launch in October of last year. This initiative aims to make it easier for customers to locate discounted products, primarily focusing on reducing food…

Following a strategic acquisition, Meatless Farm products are back on the shelves at Asda, marking a significant development in the plant-based food sector.The recent takeover by VFC has revitalised the availability of Meatless Farm products such as mince, chicken breast, and burgers at the popular supermarket chain.While the company faced financial struggles, including significant operating losses and workforce redundancy, this new partnership aims to rebuild and create opportunities.The product line will soon expand to include additional retailers, with manufacturing continuing through previous partners.VFC views this acquisition as an innovative opportunity to enhance and integrate plant-based food offerings.Meatless Farm, following its…

Lidl is initiating a major sustainable shift with the launch of their compostable tea bags, aligning with eco-friendly consumer trends.The transition to plant-based, compostable tea bags could prevent up to 800 million tea bags from reaching landfill annually.Composed of plant-based plastic, the new tea bags ensure both sustainability and the preservation of quality and flavour.This change is part of Lidl’s broader objective to reduce plastic in its own-label products by 40% by 2025.The initiative mirrors similar moves by other major supermarkets like Waitrose, Tesco, and Asda.Lidl has launched a strategic move towards sustainability by introducing fully compostable tea bags across…