Food and Beverage Industry
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A letter from our Food & Beverage Sector Head
On behalf of HSBC Bank and our colleagues worldwide, we’d like to express our appreciation and gratitude for all the hard work and dedication to those employed through the food and beverage industry. Since the pandemic, consumers needs have continued to change, and despite these setbacks, employees and brands have continued to move forward with changes to meet these asks. Those certain changes include implementing new processes, new technology that should help mitigate supply change disruptions in the future and adapting to ongoing environmental and social issues.
HSBC’s knowledge and understanding of the food and beverage industry positions the Bank well and allows us to help our clients achieve their operating goals and growth aspirations during both challenging and less challenging environments.
So here’s to the men and women that work inside the farm gate to those that process, manufacture, and deliver the food and beverages throughout the world. Were it not for their devotion, the consumer would not have been able to enjoy a balanced, nutritional diet.
All the best,
John Church
Changing Consumer Trends
ESG Focus
Climate change is at the forefront of consumer’s minds. As a result food and beverage companies are focusing on sourcing from suppliers that employ regenerative practices and focus on sustainability within their production methods such as controlling the greenhouse gas emissions and creating sustainable packaging. The continued rise of healthier-for-you food alternatives have become increasingly popular as more consumers continue to educate themselves on sustainable alternatives.
Global Growth Strategy
Food and Beverage companies are in a continuous state of growth geographically and through new product innovation. M&A activity and investments in start-up companies which develop and produce new, innovative products has increased YoY. While disruption in supply chain channels caused by the pandemic led to logistic challenges and a desire to source more products locally, companies remain interested in sourcing internationally and building a presence in highly populated countries with an improving socioeconomic environment.
Sales Channel Diversification
The Covid-19 pandemic led to a change in the way in which consumers shop for groceries. Digital/e-commerce delivery platforms and curbside pickup gained tremendous momentum in the past 18 months, and it appears the elevated use of these platforms is here to stay. The meal delivery service has continued to grow throughout the years; however, with delivery fees adding to the grocery bill, some consumers have turned back to picking up their order in person.
Food Transparency
Transparency has moved to the forefront of consumers minds when it comes to knowing and understanding what is going into their products. To keep up with this consumer trend brands must continue to evaluate the amount of product information they provide online and on packaging. The more transparent the brand is, the greater brand loyalty and trust they will build with their consumers.
Sustainability
A Global Perspective on Inflation and Food Trends
John Church, Managing Director and Head of Food & Beverage at HSBC talked with The Food Institute on the current state of the food industry. Learn more about his views on topics from economic outlook to the state of the US farming industry, and everything in between.
The Plant-Based Protein Movement and Market Outlook
Learn how food and beverage companies are achieving this today
The sky’s the limit – how vertical and indoor farming can supplement the food supply chain
Learn about the future of indoor vertical farming and what HSBC is doing to support businesses reach their sustainability goals.
Plant-based protein – past, present and future
Learn about the past, present and future of the plant-based protein industry
Through the provision of standard and structured credit facilities, M&A advisory services, capital markets products and treasury management services, HSBC can help Food & Beverage clients manage their growth no matter the circumstances.
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