For Nestle, Britain represents its 5th biggest market. In a significant development, Swiss food giant Nestle’s European chief Marco Settembri disclosed, Brexit will have a “very limited effect” on its British business. “We don’t see any disruption in the business,”… Read More ›
food
Here is why Britain is a proud nation of shopkeepers
British shops proved their mettle and displayed their resilience in the face of Brexit, with retail sales jumping by a whopping 4.2% in January 2019. Retail sales in Britain rebounded strongly in January with stores, including clothing stores, dishing out… Read More ›
The EU to launch Special Purpose Vehicle (SPV) for trade with Iran
The SPV underscores the EU’s intent to stick to the 2015 Iran nuclear deal. At the onset, this alternative clearing house will focus on food, aid and humanitarian needs rather than on trade. On Thursday, in a significant development, two… Read More ›
Cost of food and drink likely to shoot up significantly in case of a no-deal Brexit
Consider this snapshot: last year the UK imported food and drink worth 48 billion pounds, 71% of which were not subject to tariffs. As per the results of a study commission by Barclays that was released on Thursday, food suppliers… Read More ›
Sam’s Club partners with Instacart for delivering groceries to shoppers
Shopper can buy a wide range of goods and groceries, even without a Sam’s Club membership, and have it delivered it to them within the hour. Incidentally, the online grocery market in the U.S. is expected to grow $41.7 billion… Read More ›
Rising cost of transportation pulling up food inflation in the U.S.
For consumers who have enjoyed low to negative food inflation over the years, the jump in food prices is likely to be a shocker. In the push for cost cut led higher margins, U.S. trucking companies and railroad operators are… Read More ›
Kraft Heinz meets $1.7 billion cost cutting targets
The food and beverage giant is scheduled to announce its quarterly results later today. Kraft Heinz Co, a U.S. food and beverage firm, disclosed it had met its cost cutting target of $1.7 billion by December 31, 2017. Kraft Heinz,… Read More ›
France bolsters investment and trade with the Pacific Alliance
Pacific Alliance, includes countries such as Mexico, Colombia and Peru, is a major exporter of raw materials, minerals and food. It has now opened its doors to more partners. With U.S. President Donald Trump taking a more regressive, protectionist stance… Read More ›
SideChef trying to create a smart kitchen standard for devices
With a common protocol, SideChef hopes to bring the smart in smart kitchen devices. Although there are many smart cooking devices that will help you master your favourite dish, the problem is all of these smart cooking devices are… Read More ›