>

Food & Drink Report 2022

Optimism among Food and Drink manufacturers to be tested as economic conditions deteriorate

Seven out of ten leaders polled in our April 2022 Food and Drink manufacturers survey felt positive about the Food and Drink industry and nearly eight of ten their business. The reality is companies continue to face economic headwinds and the impacts of geopolitical events after surviving Brexit and COVID-19. It has been a tough few years for Food and Drink — and things are just as challenging, but businesses remain resilient in the face of adversity.

Through our survey of Food and Drink manufacturers we have learnt 53% expect to see an increase in orders over the coming year. And despite challenging difficult economic conditions, one third of companies are planning capital expenditure in production this year, seen as a key driver for growth alongside expansion into new markets outside the EU and within the UK.

In our latest Food and Drink Report we assess the sentiment of Food and Drink manufacturers in the UK, identifying the key challenges they are facing and the key drivers for growth. The report also addresses how the industry is approaching issues such as inflation, supply chain disruption, a tight labour market, cyber security and ESG, whilst keeping innovation and R&D at the forefront.

Find out how you compare against businesses in the food and drink industry, while taking in tips and insights from BDO experts.

Download Food & Drink Report - Resilience in the face of adversity