Events
UK: Aldi and Lidl Predicted to Overtake Tesco by 2027
Former Lidl UK boss Ronny Gottschlich has predicted that German retailers Aldi and Lidl will overtake Tesco – currently the UK’s largest supermarket – within the next five years. Gottschlich,...
Read more
A never-before-seen wage increase is possible for SMEs
In line with the increase in inflation, SMEs are preparing for an unprecedented wage increase of 11 percent, according to the second quarter results of the K&H SME Confidence Index...
Read more
Downsizing in the stores: many favorite products can be found in smaller sizes only
Along with the inflation, the shrinking inflation in the Hungarian stores also picked up, few products can escape the downsizing, which is considered a typical crisis phenomenon, and we also...
Read more
Tranzit Group CEO: A painful period awaits us, we need to get prepared
Uncertainty is a significant factor, but one thing is certain: the coming period will be painful for both producers and consumers – Ákos Szabó, CEO of the Tranzit Group, told...
Read more
The drought killed all the crops
Where they didn’t irrigate, the entire crop grew, and where they did, much lower quality, smaller and more withered fruit was produced. The apple crop has never been as bad...
Read more
Funghi is the new meat?
Scientists have developed a technique to cultivate a fungi-based food product that could serve as a healthier, high-quality tasting, and greener alternative to plant-based protein. The protein is cultivated from...
Read more
Ivy Farm unveils Europa’s biggest cultivated meat pilot production facility
Ivy Farm announces just now the official opening of a state-of-the-art cultivated meat pilot production plant in Oxford, UK. The 18,000 square foot facility has production capabilities of 2.8 tonnes of cultivated...
Read more
MLSZKSZ: they cannot keep the annual service fees in the logistics sector
Logistics service providers are no longer able to extract the costs of the multiplying price of energy, the soaring inflation, and the wages that are increasing from month to month....
Read more
K&H: this is how domestic companies are handling the new crisis
After 2008 and 2020, this year is another milestone for companies. Although for the time being, there is not as strong a decline as two years ago, there is a...
Read more
ESET’s analysis warns about the safe use of online marketplaces due to the spread of fraud
While the number of sellers and buyers on online marketplaces is constantly increasing, the number of fraudsters on these platforms is also increasing: for example, every sixth user of Facebook...
Read more
Pilsner Urquell celebrates its 180th birthday at the Downtown Beer Festival
Pilsner Urquell, the creator of the category, has been produced in Plzeň since 1842. You don’t necessarily have to travel to the Czech Republic if you’re curious about how this...
Read more
Dairy demand globally firms up as product prices rallied to elevated levels
Due to the strengthening of underlying milk commodity prices, industry’s leading dairy companies exhibited higher turnover growth and strategic activities, hailed as more significant than in recent years. This is...
Read more
Dry pet food has increased by 30-50 percent and reward snacks by 100 percent since January
If you have a pet, you know well that the monthly costs can be very high, depending on what kind of pet you own. Dogs and cats are the most...
Read more
There are also problems with the sugar crop due to the drought
Sugar producer Nordzucker expects group harvest to be below last year’s level due to the drought across large parts of Europe. The group will commence processing sugar beet on 3 September....
Read more
Traditional markets have a rival: many people buy vegetables and fruits here
I agree that the culture of greed has spread here, but at the same time we have plenty of very positive experiences – Gábor Kövesdi revealed in an interview for...
Read more
Lidl Is The Best Performing Retailer In France In July/August Period
Lidl was the best performing retailer in France in the period from 11 July to 7 August, new data from Kantar has shown, with the discounter reporting a 0.3 percentage point increase...
Read more
Global tomato production will decrease, and tomatoes may even disappear from the shelves
Researchers expect global tomato production to decline as drought and rising temperatures affect key growing areas. What happened to tomatoes worldwide and in our country as a result of the...
Read more
We received bad news about grapes, too
The summer heat waves that hit Europe were not good for the grapes, and due to the historic drought, the harvest in the continent’s largest wine regions started on average...
Read more
70 percent of stores are preparing for a big price increase, customers are pessimistic
Business and consumer expectations continued to deteriorate for the fourth month in August. According to a survey conducted by GKI Gazdaságkutató – with the support of the EU – since...
Read more
Those who switch to this branch of agriculture can receive serious support
The Ministry of Agriculture is offering agricultural producers and forest managers several new and even more effective tools for the new agricultural support period starting in 2023 to encourage field...
Read more
The fertilizer market turned upside down, 1 million tons of nitrogen fertilizer fell out of supply
According to industry analysts, around 1 million tons of nitrogen fertilizer have fallen out of supply in the region so far this year, although there are opinions that speak of...
Read more
“We can only harvest a small crop of poor quality at a huge cost” – farmers are in trouble
The rain arrived late in the eastern regions of the country, barely mitigating the damage caused by the historic drought. Farmers say that most of the crops are so burnt...
Read more
In August, the GKI economic index fell sharply
Business and consumer expectations continued to deteriorate for the fourth month in August. According to a survey conducted by GKI Gazdaságkutató – with the support of the EU – since...
Read more
PepsiCo to build its largest production facility in Colorado
PepsiCo’s beverage division will build a more than 111,400m² production plant in Colorado, its largest factory in the USA, which will open next summer. The new bottling plant will have...
Read more
Uber Eats comes out with new shopping app
Uber Eats is launching an updated shopping app, with new features for consumers and retailers. For consumers, the app will support “closed store shopping” and it will have an item replacement function...
Read more
Migros and SuperMeat agree to produce and distribute cultured meat
Swiss retailer Migros has signed an agreement with Israeli food technology start-up SuperMeat, to speed up the production and distribution of laboratory-grown meat on a commercial scale. Besides joining forces...
Read more
Dm-drogerie markt creates in-store pick-up stations
Dm-drogerie markt is to install pick-up stations for online orders in approximately 700 drugstores across Germany. These pick-up stations complement dm’s existing omnichannel services. For the pick-up process customers get a...
Read more
France’s Lactalis buys Italian cheese maker Ambrosi
French dairy group Lactalis has bought Ambrosi from Switzerland’s Emmi. The parties didn’t reveal the purchase price, but a source told Reuters: the deal gives Ambrosi an enterprise value of...
Read more
Every fourth shopper used a BNPL service in the last six moths
A recent survey, conducted in more than 50 countries by Mastercard – titled World Payments Advisory™ – has revealed: more than a quarter of respondents used some kind of “Buy...
Read more
AI for bigger cargo
Continental has developed an artificial intelligence (AI) based solution for calculating the free loading space of trucks. By using the new system, fleet managers can receive accurate information on their...
Read more