Rising costs, supply chain disruption and policy instability are squeezing the food and drink sector and driving up costs for businesses and families alike.
In response, Mondelēz International - the company behind some of the world’s most loved brands including Cadbury, Belvita, Philadelphia and more - has this week published its Joy-Makers and Growth-Creators report.
The new report highlights the company’s investment in innovation, manufacturing and talent to grow loved brands while supporting regional jobs and growth.
Highlights include a figure of 2.3bn which was added to the UK economy last year, and the nearly 12,000 jobs it supported across the UK, including 3,800 people at Mondelēz’s eight production sites.
It also details the fact the UK is the supplier’s largest global R&D hub - with over 700 scientists and engineers driving food science, nutrition and wellbeing innovation
Adding to the news in its report Mondelēz International is now calling on Government to recognise the food and drink industry - worth £42bn and employing 500k people - as a priority within its Industrial Strategy.
It also asks for a stable regulatory framework that enables business to commit to long-term investment in the UK. When policies shift repeatedly and quickly, millions spent on product development and compliance is wasted, consumer choice is restricted, and growth is held back, it added.
Christian Woolfenden, the company’s senior vice president and managing director for UK & Ireland, said: “We’ve been part of the UK’s growth story for more than 200 years. With regulatory stability and a place at the heart of the Industrial Strategy, we can drive further growth and help ease cost of living pressures for families across the UK.”
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