From inflation fatigue to Ozempic: UCC report finds major changes coming for food companies

Changes are needed but public will not stomach high prices, writes Ronan Smyth

Food and beverage companies are looking at a raft of changes to their supply chains to meet new regulations. These include right-sizing their operations and potentially moving them closer to their final destination, but the cost of labour may make things more difficult. 

From   price increases testing the patience of consumers, the use of anti-obesity medication growing and increasing sustainability requirements from Governments, the food and beverage sector is facing major changes over the coming years, according to a new report.

As a result of all these changes coming down the line, companies in the sector will have to make investments in, and adjustments to, their supply chains going forward, but the public may not have the appetite to stomach any additional price hikes. This is on top of the geopolitical risks that all these companies have to already mitigate against.