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Food and Drink - Autumn Sector Update 2022

By Natalie Shearer-Coverly
GBR - Senior Underwriter (Trade Credit)

Sector overview

As we move clear of pandemic led business disruption, a new set of challenges face the UK food and drink sector. The Russia-Ukraine conflict continues to impact the price of world food commodities, UK food inflation is at its highest level since records began and consumer spending power is reducing in the wake of a challenging economic backdrop. With many businesses in this sector carrying sizeable covid related debt levels attention now turns to their ability to refinance on suitable debt structures whilst managing supply chain pressures, a decline in customer spend, and
tighter overall margins.

Click here to access the full Food and Drink Autumn Update

 

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Natalie Shearer-Coverly

Natalie Shearer-Coverly

Risk Manager