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BDO Food and Drink Survey 2021
Business optimism and challenges
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1.
How positive do you currently feel about the future prospects of the food and drink industry in the UK and your business?
Select one in each row.
(Required.)
Very positive
Quite positive
Neutral
Negative
Very negative
The industry
Very positive
Quite positive
Neutral
Negative
Very negative
Your business
Very positive
Quite positive
Neutral
Negative
Very negative
*
2.
How has your business performed in the following areas over the last 12 months?
Select one in each row.
(Required.)
Increase
Stay the same
Decrease
Operating profit
Increase
Stay the same
Decrease
Gross profit margins
Increase
Stay the same
Decrease
Operating margins
Increase
Stay the same
Decrease
Revenue
Increase
Stay the same
Decrease
New orders
Increase
Stay the same
Decrease
Headcount
Increase
Stay the same
Decrease
Capital expenditure
Increase
Stay the same
Decrease
New product launches/R&D
Increase
Stay the same
Decrease
Level of production automation/digital transformation
Increase
Stay the same
Decrease
*
3.
How do you anticipate your business performing in the following areas over the next 12 months?
Select one in each row.
(Required.)
Increase
Stay the same
Decrease
Operating profitability
Increase
Stay the same
Decrease
Gross profit margins
Increase
Stay the same
Decrease
Operating margins
Increase
Stay the same
Decrease
Revenue
Increase
Stay the same
Decrease
New orders
Increase
Stay the same
Decrease
Headcount
Increase
Stay the same
Decrease
Capital expenditure
Increase
Stay the same
Decrease
New product launches/R&D
Increase
Stay the same
Decrease
Level of production automation/digital transformation
Increase
Stay the same
Decrease
*
4.
If growth is expected, where do you anticipate the majority of this sales growth to come from?
Select top five.
(Required.)
Entering into strategic partnerships/collaboration
Expansion into new export markets outside the EU
Expansion into new export markets within the EU
Expansion into new markets in the UK
Growth through mergers and acquisitions
Growth through new product development
Investment in digital transformation / Industry 4.0 processes and technologies
Investment in production/capex
Refreshing existing products and services
Not applicable, I do not expect any growth
Other (please specify below)
5.
If you selected 'Expansion into new export markets outside the EU' as a key area for future growth in Q4 - where specifically will this be?
Select relevant locations below.
Skip this question if you did not select this option above.
Africa
Australia and New Zealand
Asia Pacific
Middle East
North America
South America
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6.
What are the top risks/challenges facing your business in the next year?
Select up to ten.
(Required.)
Attracting/retaining labour
Availability and access to finance
Business rates
Cash flow
Changes in consumer spending levels/patterns
Changes in regulatory/political environment
Competition from cheap imports
Contractual disputes
COVID-19 – on-going impact
Foreign exchange
General wage inflation
Increased competition
Increase brand awareness
Management of domestic supply chains
Management of international supply chains
Meeting carbon neutral targets
Over-dependence on key customers
Pricing pressure from customers
Productivity
Rise in healthy eating agenda
Rise in packaging cost prices/Plastic Packaging tax
UK leaving the EU
Wellbeing and safety of your staff
Volatility of raw material prices
VAT and customs changes
Other (please specify below)
29%
