This article from the English newspaper The Telegraph provides a gripping look at the changing economy and its impact on Private Brand manufacturers.
In the world of private-label foods, everything is changing. The final chapter has been written for five of Britain’s ready-meal factories over the last 18 months as the sector goes through a sea-change many observers believe will lead to widespread consolidation and further factory closures and job losses.
Private-label food manufacturing – producing ready meals, salads, bread, sandwiches and a host of other foods – is a multi-billion-pound industry in the UK, but the going has never been so tough. Profit margins are razor thin and supermarkets are locked in a recession-induced price war.