While the recent storms mean the United Kingdom has been hit with rain and floods this winter, parts of Europe have been facing a drought, and this could have an impact on the food prices in our supermarkets.
According to the British Retail Consortium, on average, food prices are rising by more than 6% a year in the UK. With half the UK’s food imported from overseas, the knock-on effect of extreme weather is playing a significant part in this.
Read the full article on the BBC website
NAM Implications:
- 50% of food requirements being imported doesn’t help…
- Time to re-adjust production/processing or even consumer needs/expectations vs cost?
