Rising cost of living may impact car sales, say experts

Manufacturers are having a difficult time of it of late and figures from the Society of Motor Manufacturers and Traders (SMMT) show that the automotive industry is not immune to the problem. Despite March normally being a bumper year due to new car registrations, the industry saw the weakest sales since March 1998, with new car sales slumping to 243,479 units, a drop of 14.3%. Manufacturers had reported robust order books during the first quarter, but ongoing supply chain shortages continued to squeeze supply during what is normally the industry’s busiest month as buyers demand the latest numberplate. This is, therefore, the weakest March since 1998, which was prior to the introduction of the two-plate system. Given around 20% of total annual registrations are usually recorded in March, the result is massively disappointing for the sector and underscores the long-term impact the pandemic is wreaking on the industry. In spite of the rollback of pandemic restrictions, which limited the industry to ‘click and collect’ in the first part of 2021, overall Q1 registrations for 2022 were down -1.9%.

Richard Peberdy, UK Head of Automotive, for KPMG comments : “It was widely anticipated that the automotive sector would take most of 2022 to sufficiently increase component capacity and put an end to the supply shortages that have limited car production during the pandemic.

But the implications of war in Ukraine and heightened restrictions in China add further complexity and exacerbate this challenge.

“Whilst supply shortages persist, production volumes will remain lower than pre-pandemic, and car makers will continue to focus on higher margin models, as well as the electric vehicles market.

Up until now, this has kept forecourt sales relatively healthy, and also driven up prices of used cars.  But the rising cost of living poses significant questions about whether consumers will delay, or even curtail, larger investments, such as on a car.  The coming months will tell.”

Mike Hawes, SMMT Chief Executive, says,March is typically the biggest month of the year for the new car market, so this performance is deeply disappointing and lays bare the challenges ahead. While demand remains robust, this decline illustrates the severity of the global semiconductor shortage, as manufacturers strive to deliver the latest, lowest emission vehicles to eagerly awaiting customers. Placing orders now will be beneficial for those looking to take advantage of incentives and lower running costs for electric vehicles, especially as the Ukraine crisis could affect supply still further. With increasing household and business costs, government must do all it can to support consumers so that the growth of electric vehicles can be sustained and the UK’s ambitious net zero timetable delivered.”

Executive to consider York Central Enterprise Zone funding agreement

Following the completion of the first phase of infrastructure works, significant progress continues to be made to deliver homes and jobs to York Central, York’s biggest regeneration project.
At a meeting on 21 April the council’s Executive will receive an update on the York Central project and be asked to agree to a number of recommendations, including entering into a funding agreement with landowning partners to draw down Enterprise Zone funding to enable Homes England and Network Rail to commence construction and further development of the site. Councillor Keith Aspden, Leader of City of York Council, said: “The York Central project continues to make significant progress. At each step of this project, we have shown our commitment to making York Central a reality. “In doing so, we have taken the necessary steps to unlock the site’s enormous potential, including economic growth space, job opportunities and significant new housing, all within the heart of the city. “We continue to work closely with partners in the York Central Partnership to deliver on our shared vision– a regeneration which drives inclusive and greener growth across the city.” Councillor Nigel Ayre, Executive Member for Finance and Performance, said: “With contractors on site laying the groundwork for the regeneration of York Central, we are now at its furthest point of development. This is testament to the leadership all partners have taken in driving progress on this crucial site. “The council has played a pivotal role in establishing the York Central Partnership, securing funding, funding the design team to masterplan and achieve planning consents for a high quality, viable and deliverable scheme, all whilst owning a very small part of the site. This report sets out recommendations which look at how we can further accelerate efforts to turn York Central’s potential into reality. “As well as this, the paper provides an update on how we are looking to make offsite improvements to the riverside path to integrate the wider cycling and pedestrian network with the new routes through York Central, another way in which residents from across the city can benefit from York Central’s regeneration.” At the meeting the council’s Executive will be asked to agree:
  • to release £35 million of Enterprise Zone funding and enter into an Enterprise Zone funding agreement with Homes England to contribute to the infrastructure costs which will enable the delivery of York Central
  • £250,000 to resource inward investment activity to promote York Central and to attract occupiers, to be funded from future Enterprise Zone revenues
  • a £500,000 budget to deliver the Jubilee Terrace to Scarborough Bridge Riverside Path improvement scheme
  • arrangements and a budget of £2.7 million to fund the Technical Assurance work to enable the highways infrastructure to be adopted
  • the disposal of the former Canteen Building on Chancery Rise to Network Rail in order to facilitate the removal of their operational uses from the York Central site
York Central is being delivered in partnership by Homes England, Network Rail, National Railway Museum, City of York Council. Homes England and Network Rail have supported the development of the site through land acquisition and master planning, and they will now oversee the infrastructure projects. The £155 million funding pot secured by the York Central Partnership to deliver infrastructure to open up the site for development includes:
  • £77.1 million funding from the Ministry of Housing, Communities and Local Government
  • £23.5 million of a total of £37.2 million from the West Yorkshire-plus Transport Fund and Leeds City Region Growth Deal, which will also fund the ambitious plans to transform the front of the railway station
The West Yorkshire-plus Transport Fund has been part-funded through the Leeds City Region Enterprise Partnership (LEP) Growth Deal, a £1 billion package of government funding to drive growth and job creation across the Leeds City Region. On top of a £6 million Local Growth Fund contribution, from the York and North Yorkshire Local Enterprise Partnership, a further £35 million has been secured to be repaid using retained business rates from the York Central Enterprise Zone.

Just two weeks to go until the Property & Business Investment Lincolnshire Expo!

Only two weeks remain until the Property & Business Investment Lincolnshire Expo, so if you haven’t yet registered for the free event, now is the ideal time. The highly anticipated expo, for which Business Link is a proud partner, will take place on Wednesday 27 April 2022 at The Bentley Hotel, Lincoln, providing everything you require for a great day of networking and business generation. A well targeted event aimed at the Construction, Property, Business, Investment, Finance, Professional Services and related B2B markets, exhibitors include Aspbury Planning Ltd, Belvoir, Business Lincolnshire, BSP Consulting, Delta Simons, the Federation of Small Businesses, J Tomlinson, NatWest, Willmott Dixon, and YMD Boon, to name a few. To see the full list of who is exhibiting click here. Opening at 9am, the expo will also host a workshop from Team Lincolnshire and Business Lincolnshire. Running from 10:15 – 11:45, it will demystify the procurement process and explore the potential which public sector contracts could bring to your business. Team Lincolnshire ambassador Neal Wheatley, director and general manager of RG Carter Lincoln Limited, and Barry Taylor, regional director at Parker Technical Service, will be sharing insightful first-hand experiences on winning a major Lincolnshire County Council contract for the construction of the South Lincolnshire Food Enterprise Zone and how supporting the local economy is a core value within the RG Carter Supply Chain Commitment. Sign up to the free workshop here. As the exhibition closes, it will roll directly into an informal, open buffet style network lunch – tickets for the lunch are just £25 plus vat and can be ordered and paid for directly online. Spaces for the lunch are limited, so order as soon as possible to avoid disappointment. Tina King, of Business Shows Group, said: “It’s been a long time in the making thanks to the pandemic, but we are finally nearly there, The Property & Business Investment Lincolnshire Expo is gearing up to be one of the best to date!” To attend the event, register for free here. To generate opportunities by exhibiting at the event, click here. Purchase tickets to the networking lunch here. Meet more potential clients in one amazing cost effective day, than it would take months out on the road.

William Cook Cast Products joins Nuclear AMRC

William Cook Cast Products, which has been casting steel in Sheffield since 1883, has joined the Nuclear AMRC to develop its capabilities for the nuclear sector and other low-carbon energy markets. William Cook Cast Products supplies high-specification cast steel components to all segments of the energy sector – from offshore drilling, to renewable power generation, to nuclear waste storage – as well as for demanding markets such as rail and defence. The Nuclear AMRC, at the University of Sheffield and part of the UK’s High Value Manufacturing Catapult, collaborates with companies of all sizes to help them innovate and win work in the nuclear supply chain. William Cook Cast Products’ new tier two membership of the Nuclear AMRC will help the company develop its technical and business capabilities for the nuclear sector, and build new relationships with the centre’s network of members and partner companies working across the nuclear new build, reactor development and decommissioning markets. The company will work with the centre’s engineers and research partners through collaborative R&D projects to improve the design and manufacturability of complex steel castings, and work towards achieving additional standard qualifications to allow it to produce certified safety-critical components for nuclear facilities. Chris Seymour, Group MD at William Cook, says: “Membership of the Nuclear AMRC will help us link up with more businesses in this sector. We have recently brought in heavy machining capability to the group and are currently in the middle of a £1.5 million investment in a new high-energy radiography facility. These investments together with membership of the Nuclear AMRC are part of our strategy to increase our footprint in the nuclear market. We want to be seen to be a trusted supplier of high integrity castings into this safety-critical market, which is part of an industry key to helping the world achieve its net-zero climate targets.” Sean Murphy, Strategic Relationship Manager at the Nuclear AMRC, says: “The potential opportunities for UK manufacturers within the nuclear supply chain have rarely looked better, so this is a good time to engage with Nuclear AMRC. We look forward to investigating R&D and process improvement projects together.” William Cook Cast Products already works with the Nuclear AMRC’s sister centres at the University of Sheffield. It became a member of the AMRC in 2016 to collaborate on casting R&D, and has worked with the AMRC Training Centre on apprentice training.

Sheffield IT services provider snapped up

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Azzure IT, the Sheffield IT services provider, has been acquired by Content+Cloud, the UK arm of Nordic IT services group Advania. The deal provides an exit for NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, and which has achieved a return well in excess of 2x its initial £2m investment. Founded in 2011 by Craig and Sharon Such, Azzure is a Microsoft Dynamics 365 Business Central provider. The investment in 2018 – one of the largest ever made by the fund – was designed to help the company adapt its business model to market changes and to fuel further growth. Azzure, which now employs 58 staff, has since more than doubled its profits and achieved its best ever year in 2021. The sale will allow the founders to realise the equity value of their shares, and Craig Such will continue to lead the business as CEO for its new owner. Content+Cloud, which has offices in London, Manchester, Reading, Cardiff, Milton Keynes and Cape Town and is a Microsoft-focused cloud, digital transformation and managed services provider, was acquired by Advania in December 2021. The acquisition of Azzure will allow the group to further build upon its UK presence and its Europe-wide Microsoft Dynamics team. Will Clark, Managing Director of Regional Venture Funds at Mercia, says: “Azzure IT is a very well-run business with highly skilled staff and a dynamic management team. The fund’s investment helped to fuel the company’s expansion and boost profits. “The acquisition will take the business to the next stage in its development as part of a larger IT services group, and will open up new opportunities for the team to take on bigger and more high-profile projects.” Craig Such, founder and CEO of Azzure, said: “The investment from NPIF in 2018 was a strategic part of our much wider growth strategy. It enabled us to grow the Azzure business by building a strong senior management team and transition the business to a subscription model. “During the last four years since NPIF and Mercia have been involved, the business has undergone substantial change and has grown to the market-leading force it is today. We have built an exceptional team and we continue to add to this. “Joining Content+Cloud and the Advania Group is the next step in Azzure’s ongoing growth journey and this will take the business to the next level.” Christian Mayo and Ben Taylor of KPMG’s Yorkshire based corporate finance team and Andy Sturge of Bexley Beaumont advised all shareholders, whilst Grant Thornton carried out vendor due diligence. CRS provided legal advice to Content+Cloud, while Deloitte carried out financial due diligence and Armstrong provided commercial due diligence.

Construction company fined after child struck by wall collapse

Gurmit Properties Limited have been fined for safety breaches after a substantial part of a wall at a construction site at Barnsley Road, South Elmsall collapsed, seriously injuring a child. Leeds Magistrates’ Court heard that Gurmit Properties Limited (GPL) were the owners of the site at Barnsley Road, South Elmsall. The company had previously received a large delivery of aggregate, which was deposited on land next to the construction site. Officials from the local council attended the site and ordered the materials to be removed. GPL then brought the materials back on to their site storing them behind the wall. On 7th February 2018 an eight-year old child was walking with her mother along Harrow Street, adjacent to GPL’s construction site, when she was hit by the collapsing wall. She sustained serious injuries, including crush injuries to her foot which resulted in the amputation of a big toe. An investigation by the Health and Safety Executive (HSE) found that GPL had not assessed the structural integrity of the wall to ensure it was safe to be used as either a secure boundary for the site or as a retaining wall for storing materials. When the materials were stored against the wall it failed and this led directly to the collapse and the injuries to the child. GPL were a client and a contractor within the meaning of Construction (Design and Management) Regulations 2015 and failed in their duty to ensure that the wall was either safe for use as a secure site boundary or as a retaining wall for storing materials. Gurmit Properties Ltd of Albion Street Castleford West Yorkshire pleaded guilty to breaching Section 3 (1) of the Health & Safety at Work etc Act 1974. The company has been fined £22,500 and ordered to pay £11,998.80 in costs. After the hearing, HSE inspector Chris Tilley said: “The company should have appointed a competent person to carry out an assessment of the wall at the start of the project to establish whether it was safe to use as a boundary wall and then carried out a similar assessment when the wall was then used as a retaining wall for storing materials. “This incident could have been avoided by simply carrying out correct control measures and adopting safe working practices. Companies should be aware that HSE will not hesitate to take appropriate enforcement action against those that fall below the required standards.”

Dip in confidence for financial services firms

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Sentiment among financial services firms fell at the quickest pace since September 2019, according to the latest CBI/PwC Financial Services Survey. Despite declining optimism, the survey of 81 financial services firms – conducted between 1 March and 22 March – found that business volumes had continued to grow in the three months to March, albeit at a slower pace than the previous quarter. Firms expect volumes to be flat in the quarter ahead. The survey also saw a significant slowing in profitability growth on the previous quarter, with firms anticipating a modest decline in the next three months. The outlook for investment in the year ahead continues to present a mixed picture. Firms expect to continue investing in IT but are looking to cut back capital expenditures on land & buildings and vehicles, plant & machinery. Uncertainty over demand (37%), inadequate return on investment (32%) and labour shortages (16%) were cited by firms as the biggest constraints on investment. However, the share of firms citing labour shortages as a factor likely to limit future investment (16%) dropped significantly from last quarter (31%). Building operational resilience emerged as a key theme throughout the survey, with 92% citing this as the key priority for future business strategy and transformation plans. Firms separately identified ‘responding to new cyber threats’ (81%) and ‘improving detection of cyber breaches’ (71%) as the main priorities to improve cyber resilience and reduce tech risk. Elsewhere, headcount across the FS sector was broadly unchanged for the third quarter in a row. Expectations are for a significant uptick in employment next quarter. Rain Newton-Smith, CBI chief economist, said: “While business volumes and profitability held up against the headwinds buffeting the economy, global inflationary pressures and increased geopolitical uncertainty stemming from war in Ukraine have started to take a toll on business confidence. “With operational resilience becoming an ever more important priority for the sector, there is danger that a ‘wait and see’ approach may dampen growth prospects for the wider economy. “A lack of preparedness for mainstream use of digital currencies and challenges in developing Net Zero plans suggest a need for swifter policy development in both areas to guide and stimulate industry-wide action.” Isabelle Jenkins, head of Financial Services at PwC UK, said: “Financial services organisations are right to be careful and cautious as their resilience is once again put to the test. “As the cost-of-living crisis mounts for households, it’s likely that we may see an increase in non-performing loans, another challenge financial services firms will have to respond to ensure consumers are supported through this difficult time. “Despite some investment plans reined in for now, this is not the time to batten down the hatches completely, rather firms should continue to look at how they can best use the insight they are gathering to respond quickly and decisively in changing market conditions.”

Hornsea wind farm to get world’s first ‘green’ service vessel

The Hornsea 2 wind farm is to be serviced by the world’s first service vessel powered by batteries and dual fuel engines running on renewable e-methanol produced from wind energy and biogenic carbon. To be built as part of a new pioneering agreement between Ørsted and ESVAGT, it’s claimed the new vessel will reduce emissions by 4,500 tonnes of CO2 every year. ESVAGT will start building the vessel in the second quarter of this year, and it is expected to be commissioned by the end of 2024. Mark Porter, Head of Offshore Operations at Ørsted, says: “As the world leader in offshore wind, it’s natural for Ørsted to take the lead in driving out fossil fuels from the industry. We’ve set clear targets and a clear direction towards net-zero emissions, and this new methanol-powered SOV is a tangible proof of our clear commitment to realise these targets. The agreement with ESVAGT checks many boxes for us, as it both helps decarbonise our offshore operations while also demonstrating our strong belief that green fuels based on renewable energy is the most viable solution to create a green maritime sector.” Søren Karas, Chief Strategy and Commercial Officer at ESVAGT, says: “This is an important milestone with real meaningful impact on the green transition. Ørsted and ESVAGT share an ambition for a sustainable future, and as an industry leader we’re committed to taking the lead in decarbonising the maritime industry. We’re delighted and proud to be able to take this bold step together with Ørsted towards making offshore wind marine solutions fossil free with an innovative new solution.” a market leader in service and support for offshore windhave decided to invest in the world’s first service operation vessel (SOV) that can operate on green fuels. The SOV will be powered by batteries and dual fuel engines, capable of sailing on  which will lead to a yearly emission reduction of approx. 4,500 tonnes of CO2. The maritime sector urgently needs new green fuels, which today come at a higher cost than the fossil-based alternatives. By ordering the new SOV, Ørsted and ESVAGT are showing their commitment to a green maritime sector and helping create the needed demand to accelerate to cost reductions of green fuels for the maritime industry. The investment decision also sends a clear signal that the future for both service and installation vessels is green. For the new SOV, Ørsted intends to supply the e-methanol. An offshore wind farm already has 99 % lower emissions than a coal fired power station, seen over the entire lifetime of the asset, including production, construction, and installation. Today’s announcement between ESVAGT and Ørsted will be a step on the way towards mitigating the remaining emissions. Furthermore, the decision to invest in the new green fuel SOV supports Ørsted’s target of becoming carbon-neutral in its energy generation and own operations by 2025 and is a tangible example of the company’s decarbonisation journey towards its science-based target of reaching net-zero emissions across the full value chain by 2040. Ørsted is the first energy company in the world with a science-based net-zero target, validated by Science Based Targets initiative.   Ørsted has implemented a systematic approach for reducing emissions from its offshore logistics through efficiency initiatives, including route optimisations and sailing at fuel-saving speeds. Ørsted has also implemented light hybrid crew transfer vessels for increased fuel efficiency. Over the past two years, Ørsted has built up a diverse portfolio of green fuel projects, three of which focus on producing e-methanol for maritime transport. The portfolio includes a newly announced project on the US Gulf Coast, which will supply 300,000 tonnes of e-methanol for A.P. Moller – Maersk’s fleet of zero-emissions vessels, as well as the projects ‘Green Fuels for Denmark’ and FlagshipONE in Sweden. Both projects can supply around 50,000 tonnes of e-methanol for shipping in 2024-2025. Fact box: The floating home of offshore wind Servicing an offshore wind farm takes a great deal of effort and is handled by a highly specialised team of service technicians that are often offshore for weeks at a time. During their stay offshore, the technicians live on a Service Operation Vessel (SOV), which also hosts an on-board workshop and much of the equipment and spare parts needed to service an offshore wind farm. The new state-of-the-art ESVAGT SOV incorporates the newest technologies. and the ESVAGT crew is highly trained and enabled by digital tools. The SOV is designed for comfort and high workability, providing a highly efficient workspace and safe transfer of technicians at the windfarm via a motion-compensated gangway and transfer boats as well as a crane to lift heavy spare parts. As a floating home, it also offers recreational activities for the on-board crew and technicians, including fitness facilities, a game room, a cinema, and individual accommodation.  The SOV is also equipped with a helipad for fast access and transfers from shore.

Retail sales slow as confidence wanes

The retail sector has been through a great deal of late and the pandemic has meant much of retail bounced between being open and closed, significantly impacting sales and changing consumer behaviours.

In March 2020, non-essential retail stores began to close, pushing many consumers to buy goods online. In this context, while all comparisons are provided on a year-on-year (YoY) basis, those focused on online/in-store have also been compared with March 2019 (Yo3Y). This will be clearly signposted below.

Sales figures are not adjusted for inflation. Given that both the March SPI (BRC) and February CPI (ONS) show inflation running at historically high levels, a portion of the sales growth will be a reflection of rising prices rather than increased volumes.

Covering the five weeks 27 February – 2 April 2022

  • On a Total basis, sales increased by 3.1% in March, against an increase of 13.9% in March 2021. This is worse than the 3-month average growth of 6.9% and the 12-month average growth of 10.3%.
    • On a three-year basis, Total retail sales grew 5.4% (Yo3Y) during March compared with the same month in 2019.
  • UK retail sales decreased 0.4% on a Like-for-like basis from March 2021, when they had increased 20.3%. This was worse than the 3-month average growth of 3.2% and the 12-month average growth of 6.5%.
  • Over the three months to March, Food sales decreased 2.6% on a Total basis and decreased 3.1% on a Like-for-like basis. This is below than the 12-month Total average growth of 0.8%. For the single month of March, Food was in decline year-on-year.
  • Over the three-months to March, Non-Food retail sales increased by 14.9% on a Total basis and by 8.6% on a Like-for-like basis. This is worse than the 12-month Total average growth of 18.3%. For the single month of March, Non-Food was in growth year-on-year.
  • Over the three months to March, In-Store sales of Non-Food items grew 92.9% on a Total basis and 74.9% on a Like-for-like basis. This was an improvement on the Total 12-month average growth of 69.9%.
    • On a three-year comparison, over the three months to March, In-Store sales of Non-Food items declined 18.2% (Yo3Y) on a Total basis and 3.9% (Yo3Y) on a Like-for-like basis since March 2019.
  • Online Non-Food sales decreased by 29.0% during March, compared with growth of 64.7% in March 2021. This is worse than the 3-month decline of 27.3%.
    • On a three-year comparison, Online Non-Food sales increased by 38.9% (Yo3Y) in March. This is broadly in line with the 3-mth average increase of 38.8%.
  • Non-Food Online penetration rate decreased to 38.5% in March from 63.0% in March 2021. However, it was up 9.2 percentage points on the 29.3% seen at the same point in 2019.

Helen Dickinson OBE, Chief Executive | British Retail Consortium says:“As consumer confidence continued to sink, March saw sales slow, and while spend remained above last year this likely reflects higher prices. Beauty and fashion items were popular last month, as consumers took to their town and city centres for some retail therapy in the run up to Mother’s Day. While it is promising to see experiential shopping back in fashion, much in-store retail has not recovered to its pre-pandemic level. Online sales also decreased compared to last year but remain well above 2019 levels due to investment by retailers in their digital offer.

“The rising cost-of-living and the ongoing war in Ukraine has shaken consumer confidence, with expectations of people’s personal finances over the next 12 months reaching depths not seen since the 2008 financial crisis. Furthermore, households are yet to feel the full impact of the recent rise in energy prices and national insurance changes. There is also potential for further supply chain disruption, with China putting key manufacturing and port cities into lockdown. Ultimately, consumers face an enormous challenge this year, and this is likely to be reflected in retail spend in the future.”

Don Williams, Retail Partner, KPMG adds:“Growth on the high street continued last month with total sales up 3.1% compared to March 2021, driven by a strong performance across most non-food categories. However, the drag came from food sales which were down 6.1%, potentially due to the timing of Easter in 2021 and compounded  by the impact of the lockdown in March last year.

“Online sales fell across all categories compared to March 2021, but penetration rates remain high confirming the “locked in step up” in online purchasing.  This continues to force retailers to focus on finding the most effective mix between physical and online retailing.

“Sales growth in March rose at the slowest rate so far this year, suggesting clouds on the horizon as household budgets come under pressure from rising costs, an increasing tax burden and competition from holidays. There is concern on what this could mean for consumer confidence and the impact on discretionary spend.   Additionally, retailers are facing their own battle with rising costs and inflation, and are walking a tightrope between absorbing rising costs themselves or passing these on to consumers, when competition for share of a shrinking wallet is increasingly fierce. The best retailers will continue to balance attention on areas that can yield cost and efficiency gains with a clear understanding of their customer and what they want to buy and how.  The primary concern now is whether consumers will choose to reduce their physical and virtual shopping to counteract rising household bills and reduced household income.”

Food & Drink sector performance | Susan Barratt, CEO | IGD

“Food and drink sales struggled in March, partly due to facing strong comparatives to 2021. Not only were sales elevated last year due to lockdown, but Easter was also earlier and we’re yet to see holiday spending ramp up this year.

“It is no surprise that shopper confidence continues to fall and is now lower than the previous low of December 2013 when the horsemeat scandal impacted the food industry. There was a brief peak in confidence when it looked like oil prices might come down, but with 50% of shoppers now expecting food prices to become much more expensive, this optimism was short-lived. These challenges affect shoppers in different ways, with household cutbacks seeing less affluent shoppers skipping meals to save money. This volatile time is set to continue as the reality of the energy price increase, as well as general inflation, hits home for shoppers.”

 

Wastewise appoints new Operations Director

Michael Wheatley has been announced as Wastewise’s new Operations Director, following Bob Wilkes recent promotion to Managing Director. Michael originally joined waste management specialist Wastewise in May 2020 when he took on the role of Senior Operations & Compliance Manager. A major part of this role was ensuring compliance with health, safety and environmental legislation across the three Wastewise operating sites. Prior to this Michael has a long history in managerial operations roles with large UK companies, managing and developing multiple site locations, working to implement progressive safety improvement objectives whilst leading on contract negotiations. In his new role, he will be responsible for the safe, efficient and profitable running of the sites across the Wastewise group, focusing on closer coordination in the sharing of capacity, facilities, staff and product distribution to maximise output. He will also be championing a more unified company staffing approach and extensive in-house training programmes to support safer working practice. “I am delighted to take on this new role, “states Michael, “with plans to consolidate the already high standards set in Safety, Environmental, and Quality output that I’ve worked on since 2020.  I have an ongoing programme of plant and capital investment that I am committed to and will support the board in its ambitious 5-year development strategy.” Commenting on the appointment, Bob Wilkes Managing Director Wastewise said, “Michael is a hands-on manager that leads by example, engaging fully with employees at all levels to ensure that they are onboard with the objectives and direction of the business.  He is a perfect fit for the task at hand.” Following a successful period of growth, Wastewise continues to seek opportunities to develop new partnerships and broaden its waste-processing infrastructure, which includes food and green waste composting, materials recycling, biomass and alternative fuel production facilities.