The word 'unprecedented' may have been used a lot over the past few years to describe some of the events that have faced the global economy. The challenges that posed to people and businesses have truly been on a scale unlike any we've seen for a long time. In the UK, inflation has hit 9.1, the highest the country has seen in the last 40 years. Through the course of 2022, the rate is set to climb further to around 11. Around the world, rates are increasing in several major economies, with the UK coming out above the US, Germany and France when looking towards the next year. When you combine the impact that Brexit, international conflict, global warming and staff shortages have had on the supply chain with a new generation of consumers, and the economic repercussions following COVID-19, we are at a unique crossroads that will have major implications for the food beverage industry.
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