You wouldn’t expect a pilot about to embark on a transatlantic flight to fail to run through his pre-take off checks and review the weather forecast for the journey. So why would a business fail to engage in market research before setting out on a particular strategy, product launch or important decision?
This is the first of a new series of quarterly articles, highlighting key trends across energy, food and metal commodity markets. Commodity price volatility and supply shocks have ripple effects on the entire value chain, affecting business activities, costs and prices of end products. As a result, businesses are forced to adapt their strategies to manage the risks associated with commodity market fluctuations, while consumers’ behaviour shifts amid the cost-of-living crisis.
Protein is increasingly sought-after due to its perceived health benefits; higher protein consumption is being linked to overall wellbeing. In the food and nutrition space, a growing number of manufacturers are including protein in products previously not associated with it in consumers’ minds (eg breakfast cereals and pasta).
In this article we explore the key trends driving inflation in Q1 2023.
Consumer awareness of sugar content in soft drinks continues to grow and play a key role in product innovation and portfolio management. At the same time, suppliers are under increasing pressure to re-evaluate the various sweetening methods for soft drinks amid supply chain shortages and inflationary pressure. In this piece, we’ll look at how and why it’s important for ingredient suppliers to not just monitor their own commodity prices but the prices and availability of the end user products their ingredients go into.
In 2023, global economies will continue to face multiple macroeconomic headwinds, including geopolitical uncertainties, inflation and tightened financial conditions. Global economic growth is expected to further slow, while cities will witness subdued consumer spending growth.