Case Study of the Social Environment of the Food and Drink Industry.

The Food and soak up Industry is very important to the economic system of the UK. The UK is the worlds fifth greatst grocery retail merchandiseplace and the largest in Europe, worth around US$156 billion in 2005 (uk trade and investment funds 2006 p30). This sector is the largest manufacturing industry accounting for 17% of the total manufacturing sector (defra 1.11.2007) This scale has made it a strategic wholey important market for both manufacturers and retailers, generating investment from many oversea companies. Food and drink accounts for about 4 per cent of all UK exports and continues to rise strongly approximately two-thirds of export trade is with EU countries. The nutrition and drink industry is the UKs largest manufacturing sector. With sales of £73.7 billion, it accounts for 14.2 per cent of all manufacturing gross value added. Al intimately 7,000 food and drink companies employ 417,000 people 13.9 per cent of the manufacturing workforce. The quality and fruitivity of UK food manufacturers rival the worlds best. (uk trade and investment 2006 p30,5.11.2007). From this we can see that the industry appears to be healthy and pleasing to investors with the expectancy of exports to rise. The industry has positively invested in its future as The Industry spends around £80 million a category on R&D.

(uk trade and investment 2006 p30, 7.11.2007). Its product development is aided by close collaboration with the large supermarket chains that dominate food distribution. These are forecast to constitute a 91 per cent share of the grocery market by 2010. (uk trade and investment 2006 p30, 5.11.2007). The UKs cosmopolitan and for the most part affluent population drives one of the worlds most diverse and innovative food and drink markets. In 2005, consumers fatigued £153.82 billion on food, drink and catering services 20.6 per cent of total household spending. UK consumers are increasingly health aware, further by media coverage and government healthy eating campaigns. thither is a strong... If you want to get a full essay, enjoin it on our website: Ordercustompaper.com

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