Food and Beverage Network Ltd

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Are you a food or beverage brand owner? Pitch your brand on this page today. I look forward to seeing all of the innovative products. Go 👇

Are you a food or beverage brand owner? Pitch your brand on this page today. I look forward to seeing all of the innovative products. Go 👇

International payment concerns stop UK SMEs from expanding overseas! This was definitely a concern for me while operating an International business. This article by GlobalData Plc is well worth a read. Currencycloud flags up issues for businesses looking to export overseas but notes that there’s a growing appetite to export and that banks are in a key position to support SMEs Concerns around international payments are a leading barrier stopping UK small and medium enterprises from exporting overseas, reports Currencycloud. Specifically, it says that more than a quarter (28%) of business not already exporting overseas have plans to do so in the future. But it is the international payments challenge that is preventing them from taking the plunge. Payment problems Many businesses surveyed by Currencycloud find starting to trade internationally daunting. They cite everything from worries about finding overseas customers (31%) to concerns about tariffs and other charges (29%) when explaining why they hadn’t yet exported. Read the full article here: https://lnkd.in/efa-xnQD

This retail trend is hear to stay... (in my humble opinion). BBC News reports Aldi and Lidl hail Christmas boost from bargain hunters Discount supermarkets Aldi and Lidl have both reported "record" Christmas trading as shoppers looked to cut the cost of their celebrations. The British arm of Aldi said that sales topped £1.5bn for the first time in the four weeks leading up to Christmas Eve. Rival chain Lidl claimed its best Christmas yet since it entered the British market in 1994. While the increase in the cost of living has eased, households still face pressure from higher food costs. German retailer Aldi, which has more than 1,000 UK shops, said that sales were up 8% from a year earlier as customers sought out lower prices. It said that alternative roasting joints had proven especially popular, with beef rib and gammon joints featuring as a centrepiece on more tables. Aldi also said that customers had bought more than 42 million pigs-in-blankets for their celebrations. Lidl reported that its sales in the UK had grown by 12% year-on-year, although both supermarkets' figures do not strip out the effect of new shops opening up. Read the full article here👇 https://lnkd.in/dMFZbirF #smallbusiness #smallbusinessowners #business #food #foodandbeverage

If you are looking for something exceptional for your business in 2024 Look no further. Here's what the founders of Vinca Wine Zak Walters and Jack Green have to say about their huge success in 2023 and the predictions for the next couple of years. #cannedwine #travelretail #dutyfree #wineindustry #airlinesandairplanes

I thought this post would be helpful for some in this group. https://lnkd.in/dWmYn5mW

You need to lead by example... This is what I was told in my early years as a business owner. And they were spot on. I have to applaud Richard Walker OBE for the ballsy stance he has taken this Christmas. Richard has taken the decision to look after his loyal customers by reallocating his marketing spend from TV Adverts to reducing costs for his existing customers. Richard, you have set an example, all of the big multiples probably wished they had done first. I found this article on the BBC News website 👇 Iceland supermarket drops Christmas advert to 'support customers' Supermarket chain Iceland has said it will not roll out a Christmas advert this year and will instead spend the money supporting its customers. It comes as consumers continue to struggle with increased food prices. "Rather than spend millions creating and sharing a TV ad, we chose to invest the money supporting our customers during the cost of living crisis," Iceland's managing director said. Richard Walker said in a post on X that the decision was a "no-brainer". Taken as a whole, advertisers are set to spend a record £9.5bn during this festive season, according to new data by the Advertising Association and World Advertising Research Centre. John Lewis Christmas advert divides opinion Last year, some retailers toned down their Christmas adverts as retail experts warned that some of the traditional adverts were out of touch with households battling higher prices. This year, many supermarkets have spent heavily on getting famous faces to front their campaigns. Read the full article here: https://lnkd.in/ewJfhFwU #business #foodandbeverage #food #beverage #smallbusiness

Are you finding Imports and Exports more difficult since Brexit? I recently read this article and thought it was a must-read for anyone wanting to get on the front foot when Importing or Exporting. International trade: How small firms are responding to Brexit challenges Brexit has thrown conventional exporting and international trade norms up in the air. But amid the challenges and frustrations are opportunities, and the potential to target entirely new markets. Brexit has undoubtedly made it harder for UK small businesses to trade with the EU. Under the new trading relationship, many firms have reported increased costs, rules, paperwork, delays and disruption. Compounding this are the ongoing difficulties many continue to encounter with the movement of goods across the Northern Ireland border. This is evidenced by the fact that one in eight small exporters have temporarily or permanently stopped selling to the EU and a further nine per cent are thinking about it, according to the Federation of Small Businesses' Small Business Index. A study by the Department for International Trade suggests that 33 per cent of firms considering exporting to one of the four key markets face customs procedures barriers, while another 18 per cent are encumbered by technical requirements imposed on end products. Small businesses have also been disproportionately disadvantaged by the disruption that the COVID-19 pandemic caused to the global supply chain. In addition, because of their size, they don’t necessarily have the resources needed to meet the rising upfront costs of exporting. The war in Ukraine, inflation and the energy crisis have all added to the burden. Cumulatively, they have resulted in a loss of customers and a shortage of key commodities such as wheat, driven up costs and made it harder to find suppliers and secure trade routes. Read the full article on the Federation of Small Businesses (FSB) website link below. https://lnkd.in/eFvEfAY7 #smallbusiness #smallbusinessowners #exportimport #brexit