The Impact of Supply Chain Fragility on Hospitality Report
The Impact of Supply Chain Fragility on Hospitality Report
Rising food and drink costs are affecting hospitality business's ability to plan and profitably deliver customer service. Download the report to discover cost saving strategies for your inventory.
Fourth’s latest workforce update research report shows that UK headcount is down 2.4%, and Deloitte predicts that labour shortages will continue into 2025. Against a backdrop of ongoing uncertainty, a trained and engaged workforce is a high value asset for every operator.
The current economic climate has continued to challenge hospitality operators since we shared our last Hospitality Workforce Report in August, with spiralling energy and food costs, supply chain disruption and labour shortages threatening to impact profits.
While the hospitality landscape continues to be fraught with challenges related to inflation and soaring costs, consumer confidence and supply chain disruption, our latest insights uncover that the workforce is showing signs of positive development.
Food waste is a major climate, commercial and community issue. In monetary terms, it costs the hospitality and food service sector more than £3.2bn each and every year – money that should be fed back into business and not bins.
Of UK hospitality workers, 68% feel that they require more information about allergens and almost a quarter don’t feel confident advising customers with allergies. Whilst amongst consumers, 89% believe staff need to be made more aware of allergies, with two thirds of them believing the issue was a matter of life or death.
Talent, convenience, and technology: The Retailer’s guide for 2022
Talent, convenience, and technology: The Retailer’s guide for 2022
Retailers in the UK have faced a perfect storm of challenges in 2021, with forced closures due to Covid-induced lockdowns, falls in retail sales volumes, redundancies, talent shortages and supply chain issues.
Spiraling costs and prices are seemingly impacting every market and industry right now; however, the hospitality sector, and its supply chain, seems to be one of the hardest-hit.
The hospitality industry has always faced pressure on margins. But now the squeeze is really on. Brexit and a weaker pound, and the current Global impact of the COVID-19 Pandemic, mean imported food and beverage costs are rising, and limiting the availability of some supply chain lines.