Food & beverage economic trends
The 2022 FCC Food Report illustrates food manufacturing’s resilience and growth in 2021.
The Bank of Canada increased its policy rate amid a robust economy and high inflation. The Russian invasion of Ukraine has increased uncertainty of global growth and increased inflation expectations.
In the food and beverage mid-year update, manufacturing sales are expected to be strong in Q4 with prices remaining elevated.
Inflation has proven persistent and interest rates are expected to increase into 2022 as the economy makes progress recovering from COVID-19’s impact.
How financial ratios can help you measure your food and beverage business’s health when interest rates start to rise.
In the Q4 foodservice and grocery update, we see foodservice sales rebounding as consumers demand convenience.
COVID-19 vaccine rollout and less restrictions create optimism for Canadian and global economies.
While the Canadian cold storage market grows, the pandemic’s volatility in domestic and global food demand clouds the short-term outlook.
The latest outlooks for the 2021 Canadian food and beverage industry show that adapting to consumer beverage preferences is important for growth.
A look at the opportunities and challenges to diversify Canadian food exports using prepared/preserved vegetables and pulses as an example.