1、Food and Drink Federation|6th Floor|10 Bloomsbury Way|London WC1A 2SL|Tel:+44(0)20 7836 2460|www.fdf.org.uk Registered office as above.Registered in London with limited liability.Certificate of Incorporation no.210572.VAT number:761253541.The Food and Drink Federation seeks to ensure that informatio

2、n and guidance it provides are correct but accepts no liability in respect thereof.Such information and guidance are not substitutes for specific legal or other professional advice.State of Industry Report Q2 2023 Executive summary The FDF net confidence score gained 18 percentage points in Q2,reach

3、ing-12%,reflecting perceptions that market conditions have stabilised.Labour shortages continued to fall in Q2 to 4.8%,down from 5.9%in Q1,however vacancies persist across all skill levels.During the year to June(Q3 2022 Q2 2023),output lost due to labour shortages is estimated to be 1.4bn,while the

4、 loss for Q2 2023 is assessed at 192m.Reported total cost increases facing manufacturers in the year to June were 17.8%,while selling price rises were less at 15.4%.Its expected that costs will continue to rise over the next year by 3.1%,and prices by 2.7%,on average.Innovation is a top priority for

5、 54%of manufacturers,while 41%focus on adapting supply chains and restructuring operations.More than 78%of the UKs biggest suppliers believe government plans for UK-wide not for EU product labelling will drive up costs and should be scrapped.Manufacturers are committed to growth,with 49%planning to

6、increase their capital investment expenditure over the coming 12 months.Contents Industry outlook Growth pressures on the horizon.2 Industry confidence Businesses see improved conditions.3 Workforce The ongoing challenge of labour shortages.4 Costs Uncertain energy prices .5 Investment Manufacturers