UK: Soft drinks sector holding off recession - BSDA president
The UK soft drinks industry has proved itself more resilient to recession than other beverage sectors in 2009, according to Paul Moody, president of the British Soft Drinks Association.
Speaking at the annual BSDA lunch in London today (9 June), Moody said: "The soft drinks industry is in a strong position.
"We are performing better than most other beverage sectors," he added.
Moody, who is also CEO of Britvic, the UK's leading soft drinks group, said that soft drinks have benefited from their image as a product for "everyday enjoyment".
Industry delegates at the lunch said that they are now hoping for good summer to boost sales, despite rising unemployment and ongoing economic recession in the UK.
Moody's comments came in the same week that AG Barr, maker of Irn-Bru and the country's second largest soft drinks firm, reported that like-for-like sales were up by 8% in the the first four months of its fiscal year, to the end of May.
Britvic, which owns the licence to PepsiCo drinks in the UK and Ireland, as well as the Robinsons squash brand, said last month that net sales for the 28 weeks to 13 April rose by around 6% to reach GBP483.2m (US$756.6m).
There's no doubt what's currently exercising the minds of beverage executives in the US - the threat of a Federal CSD tax. Now that President Obama has said the idea is worth investigating the ante ha...
As the attacks on the soft drinks and bottled water industries grow increasingly vocal around the world, companies in the two categories have looked to products offering whatever the consumer wants. M...
Carbonates are coming out of the doldrums, claims Annette Farr. The category has been becalmed for some time. But now, with a party season on the horizon and some upbeat forecasts from analysts, the s...
GlaxoSmithKline has confirmed the creation of an executive position in its nutritional healthcare division to help increase the presence of its soft drinks brands around the world....
- Diageo's Q4/FY 2016 results - Preview
- Diageo's FY performance by region - Focus
- Wine consumption and its health effects
- Can craft breweries compete in lager arena?
- Time to take stock of Constellation's Corona
- Diageo sets sights on alcohol-alternative trends
- SABMiller puts brakes on A-B InBev integration
- Diageo names new TR head as Doug Bagley exits
- AB InBev seeks single buyer for European beers
- Brexit "not a big deal" for Scotch - Diageo CEO
- Global RTD insights - market forecasts, product innovation and consumer trends
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends