“Global trade feels very fluid at the moment, offering little certainty. For food and beverage, that uncertainty is real: tariffs, climate shocks, and shifting policy can change cost structures overnight,” David Gray, CEO of FedUp Foods, warned FI.
Tariffs are real, and for the time being, they’re not going anywhere. Gradually, manufacturers and retailers are going to have to continue adjusting to these new realities. Food and beverage retailers are particularly vulnerable, with thinner relative margins than other consumer goods industry subgroups.
The scope of these tariffs impact everything from ingredients, to packaging materials, to specialty imports.
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