Skip to content
Search
AI Powered
Latest Stories

Wales' new group calls for action over soaring food prices

Wales' new group calls for action over soaring food prices
Photo illustration by Christopher Furlong/Getty Images
Getty Images

ACS has welcomed the launch of Food 7 Cymru, a new group launched today (28) to represent the interests of the food and drink supply chain in Wales. The group has called on called on the Welsh government to do more to tackle soaring food prices and urged closer collaboration between the food and drink supply chain and politicians to get businesses through the winter and protect the nation’s supply chain.

The group, which includes the Association of Convenience Stores, Farmers Union of Wales, Food and Drink Federation Cymru, Logistics UK, NFU Cymru, UK Hospitality Cymru and Welsh Retail Consortium.


A statement from Food 7 Cymru says: “The launch of Food 7 Cymru utilises our collective voice to outline to the Welsh government and other stakeholders the issues the food and drink supply chain are currently facing across Wales.

“The food and drink sector lies at the heart of the nation and this is reflected in the important role the industry plays in boosting the Welsh economy, with exports of Welsh food and drinks currently at record levels.

“Our industry is contending with soaring energy and ingredient costs while delivering a dynamic workforce and hitting our Net Zero ambitions. Only by collaborating with government, can we find the solutions to grow our businesses, support the economy and deliver jobs for Wales.”

Figures from the 2022 Welsh Local Shop Report show that there are around 3,000 stores in Wales, providing 25,000 local, flexible and secure jobs in the nation.

More for you

Nestle

Nestle logos are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020

REUTERS/Pierre Albouy/File Photo

Nestle to step up marketing investment; Waters and beverages to become standalone business

Nestle on Tuesday said it will increase investment in advertising and marketing to 9 per cent of sales by the end of 2025. The company also announced plans to make its waters and premium beverages activities a global standalone business from New Year.

Unveiling a plan to fuel and accelerate growth at a Capital Markets Day for investors and analysts, the Swiss group also said it aims cost savings of at least CHF 2.5 billion (£2.25bn) above existing initiatives by end 2027 to fund increased investments.

Keep ReadingShow less
Deposit Return Scheme

Retailers express concern over Welsh government’s decision to press on with its own DRS

A single UK-wide scheme deposit return scheme (DRS) would be far more successful, efficient and effective, retailer body the Federation of Independent Retailers (the Fed) has stated, expressing surprise and some concerns over Welsh government’s decision to press ahead with its own deposit return scheme for bottles and cans and not to join a UK-wide DRS.

The Fed’s National President Mo Razzaq has further warned that this decision by Wales - coupled with its intention to include glass in its scheme - would cause unnecessary confusion. He commented: “While we applaud Wales’s desire to make its deposit return scheme a success, we would prefer to see one single scheme for the UK.

Keep ReadingShow less
Retail Insolvency

Retail insolvencies flat though 'wave of distress' expected

Retail insolvencies remained flat in the lead up to the Budget, shows a recent report, though experts feel that a wave of distress is expected following the Chancellor’s increase in employers’ National Insurance contributions and National Minimum Wage.

Today’s company insolvency statistics show retail trade insolvencies fell slightly from 2,101 in the 12 months to September 2023, to 2,089 in the 12 months to September 2024, and were flat month-on-month (137 in August 2024 to 138 in September 2024).

Keep ReadingShow less
Raj Patel

Raj Patel

National Lottery retailers help raise landmark £50bn for good causes

Today, on The National Lottery’s 30th birthday, operator Allwyn is announcing that, through selling tickets, National Lottery retailers have helped players raise a landmark £50 billion for Good Causes since 1994 – funding an incredible 700,000 individual projects across the UK.

Allwyn is also announcing that National Lottery retailers have now earned over £8 billion in sales commission since the first draw on Saturday 19 November 1994.

Keep ReadingShow less
Bacardi Cocktail

Brits ditch tea for G&T

Nearly half of Brits (44%) say they would prefer a G&T to a cup of tea when getting together with friends, according to a new survey by spirits major Bacardi Limited.

The UK consumer survey was conducted as part of the sixth annual Bacardi Cocktail Trends Report which anticipates the key trends redefining global cocktail culture and the spirits business in 2025.

Keep ReadingShow less