David Read, Founder and Chairman of Prestige Purchasing argues that new AI-powered cybercrime redefines risk, response needs, and resilience especially for SMEs in the sector One Saturday morning a few weeks ago I went to my local Co-op supermarket to…
David Read, Founder and Chairman of Prestige reflects on the likely impact upon food and drink consumption of the surge in use of weight loss drugs Since 2017, when they were first licenced in the US, the adoption of GLP-1…
The latest CGA Prestige Foodservice Price Index for April reveals continued inflationary pressures on the hospitality sector’s food and beverage supply chain. The price of the Index’s overall basket of goods rose by 2.3% year-on-year and by 0.6% month-on-month, highlighting…
The latest CGA Prestige Foodservice Price Index (FPI) reveals a marginal increase in year-on-year inflation in the hospitality sector, rising to +2.0% in March from February’s +1.8%. While overall year-on-year inflation remains relatively low, the latest data presents a nuanced…
The recent news of the H5N1 bird flu finding in sheep in Yorkshire, has put the UK livestock industry on high alert. The case was detected during routine checks at a farm already dealing with bird flu in its poultry…
Our Founder and Chairman David Read, suggests we may be stuck in a rut with the way we plan menus. “It’s taken us a while, but we now have a slick process on menu planning and execution – two…
The latest CGA Prestige Foodservice Price Index (FPI) reveals a 19th consecutive month of decelerating year-on-year inflation in January 2025. Monthly inflation in the total basket of items measured by the Index stood at 1.8%, while month-on-month inflation was flat…
The Department for Environment, Food & Rural Affairs (DEFRA) has caught the attention of the hospitality industry, as new applications for the Sustainable Farming Incentive (SFI) scheme have been abruptly halted. This decision, it's fair to say has raised eyebrows,…
The latest Foodservice Price Index (FPI) report from Prestige Purchasing and CGA by NIQ reveals a month-on-month increase in inflation in December, raising fears of renewed price pressures for the UK’s hospitality sector. Year-on-year inflation dropped to 1.9% in the…
The hospitality sector faces potential challenges due to an ongoing avian influenza (bird flu) outbreak affecting poultry and, more recently, dairy herds. The virus's spread across the UK, Europe, and parts of the globe has raised concerns about price increases…