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FROZEN FOOD BUSINESS CONFERENCE 2021 – ECONOMY, TRENDS AND EXPORTS DAY

THE ECONOMIC OUTLOOK

Roger Martin-Fagg, Economist

Roger, a stalwart of the Federation’s Business Conferences, joined us again for our Online conference.

He highlighted that Governments around the World have changed the way they view Government debt. So, rather than focusing on reducing they have collectively injected massive funds into their respective economies.

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TOP 10 FOOD & DRINK TRENDS AND THE SOCIAL, CULTURAL DRIVING FORCES BEHIND THEM

Charles Banks, The Food People

We had the pleasure of Charles Bank, co-founder of The Food People, joined us for this year’s BFFF Business Conference, where he talked to us about the top 10 food and drink trends of 2021/22.

It was interesting to hear that frozen is one of the top 10 trends – “Consumers of all ages are very enticed by the taste, health and budget credentials of frozen food”.

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EXPORT OPPORTUNITIES

Nicola Thomas, FDEA

Participating in the BFFF Business Conference on Tuesday we heard Nicola Thomas of the Food and Drink Exporters Association (FDEA) give an overview of the opportunities that exist in the export market.

Her first point was that in many regions of the World the Food Markets are changing in structure so that in many ways they resemble Grocery and Food Service Markets in Europe.

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EXPORT OPPORTUNITIES

Participating in the BFFF Business Conference on Tuesday we heard Nicola Thomas of the Food and Drink Exporters Association (FDEA) give an overview of the opportunities that exist in the export market.

Her first point was that in many regions of the World the Food Markets are changing in structure so that in many ways they resemble Grocery and Food Service Markets in Europe.

The Pandemic has accelerated the requirement for food that is produced safely and to high standards – something the UK manufacturing base is well recognised for. Her phrase for this was the ‘Power of Made in Britain’.

As markets develop there is also more interest in Own Label, which again plays to the strength of many BFFF members where we can leverage skill knowledge and expertise in supporting retailers seeking to develop an Own Label range or indeed in improving an existing range.

Data gathered by FDEA suggested the Frozen Food Market globally will grow by 5% between 2020 and 2025. Key trends are very similar to the UK with Vegan, Free From and Better For You products. Health and Wellness is now a Global trend.

However, to be successful you need to plan, create a clear strategy and do your research on which regions or countries are the best target for your products.

With the Government providing support for exporters there is no better time than now to seek to expand your horizons.

The presentation from this year’s Frozen Food Business Conference will be made available to all attendees.  If you were not able to purchase a ticket, please contact Siobhan O’Callaghan.

TOP 10 FOOD & DRINK TRENDS AND THE SOCIAL, CULTURAL DRIVING FORCES BEHIND THEM

We had the pleasure of Charles Bank, co-founder of The Food People, joined us for this year’s BFFF Business Conference, where he talked to us about the top 10 food and drink trends of 2021/22.

It was interesting to hear that frozen is one of the top 10 trends – “Consumers of all ages are very enticed by the taste, health and budget credentials of frozen food”.

When this is combined with the innovation, and minimal waste, frozen is seen as being very relevant today. It is also comforting that the freezer makes consumers feel prepared.

Our category also fits well into two other trends Charles highlighted of ‘mini splurge’ and ‘thrift’.

The ‘mini splurge’ is the food equivalent of the ‘lipstick effect’ where consumers use small treats to reward themselves. This is where small luxury food items come to the fore – this can include a finished product or providing an indulgent frozen item to be combined with other ingredients e.g., frozen exotic mushrooms into an omelette.

Thrift is with a key focus on the environment so that purchasing decision are made based upon the impact on the climate or as Charles stated, “Consumers and Businesses are getting thrifty for both cost and environmental reasons”.

These are only some of the top line points from his presentation. For those that booked for the Business Conference a full recording of the presentation will be made available.

The presentation from this year’s Frozen Food Business Conference will be made available to all attendees.  If you were not able to purchase a ticket, please contact Siobhan O’Callaghan.

THE ECONOMIC OUTLOOK

Roger, a stalwart of the Federation’s Business Conferences, joined us again for our Online conference.

He highlighted that Governments around the World have changed the way they view Government debt. So, rather than focusing on reducing they have collectively injected massive funds into their respective economies.

The UK and USA have done more than many countries, with the UK alone pumping £589 million into the economy. The USA has gone further injecting trillions of dollars in their economy.  Both UK and USA have provided support of around 16% of GDP.

Forecasters are finding it difficult to forecast how this will work through as this is unprecedented. In the financial crisis of 2007/8 Government injected money into the banking system. The Covid support has largely gone to companies or consumers.

The money supply growth in the UK has a long-term average of around 4%. The current UK money supply is running at 14%. Commercial Banks’ money supply remains constant, the increase is due to the Bank of England.

Roger forecasts this will lead to a 1920s style ‘boom’ in consumption by consumers. It is estimated that consumers in the UK have built up £180bn of funds from reduced spending through the UK lockdowns.

The EU have not injected as much money (as % of GDP) into the Euro zone as either UK or USA, which he forecasts will lead to them experiencing a slower recovery than the UK. His view is they could be 18 months behind the UK and USA.

He felt the Government policy will be to drive growth which will then help pay down the debt through higher revenue through taxation.

Although the was a recent announcement to increase Corporation Tax, 75% of UK companies earn less than £50,000 per annum which means their Corporation Tax will remain at 19%.

The Government has also announced a 130% capital investment allowance to boost investment in capital spending.

Roger then went onto to forecast that house prices will rise by 10% this year and 2022. This will help drive consumer confidence as there is a well-recognised link in the UK between buoyant house prices giving consumers confidence to spend.

The presentation from this year’s Frozen Food Business Conference will be made available to all attendees.  If you were not able to purchase a ticket, please contact Siobhan O’Callaghan.

 

DOUBLE THE SAVING: ICELAND OFFERS NHS 10% DISCOUNT FOR TWO WEEKS

  • Iceland is offering all NHS workers a 10% discount in store for two weeks
  • The discount, exclusively for NHS workers, will be available from Monday 19th April until Sunday 2nd May
  • NHS workers can take advantage of the discount in Iceland stores as well as The Food Warehouse

Supermarket Iceland is offering NHS workers an exclusive 10% discount for two weeks in Iceland and The Food Warehouse stores. The offer will only be available in Iceland stores from 19th April until 2nd May, as a thank you for their incredible work over the past twelve months with the hope that it will enable workers to save on their shopping. 

To claim the discount NHS workers need to present their NHS ID at the checkout and the 10% will be deducted from their shopping bill then and there. The discount will be available across all Iceland and the Food Warehouse food and drink in store so workers can stock up on family favourites or fill their freezers with a few treats to see them through their shifts.

A hefty discount is not the only way Iceland is showing its thanks. On top of the 10% discount, NHS workers can also save an additional £2 when they download and scan the Bonus Card App in store.

For more information about Iceland’s NHS discount, please visit: www.iceland.co.uk or head to your nearest Iceland or The Food Warehouse store.

 

COOK IS COOKING UP A STORM WITH ITS LUXURY FROZEN MEALS

The premium and recently awarded ‘feel good’ brand COOK has expanded its kitchens and increased capacity of its luxury hand-prepared meals by 50%.

COOK’s founding statement is to “cook using the same ingredients and techniques as you would at home, so everything looks and tastes homemade”, a philosophy that has enabled COOK to bring innovation to the UK frozen ready meal sector. Supplying the rapidly increasing consumer demand for quality ready to cook food, COOK have seen record annual revenues year on year.

The ‘hands on’ approach within its production kitchens include chefs stirring dishes with large paddles, and manually ladling and garnishing each dish by hand, just home cooking on a much larger scale.

An existing production kitchen at full capacity and a plan to double sales within 5 years led to COOK to acquire a new site in Sittingbourne, Kent, to enable an increase in volume of its ready to cook meals. As part of the expansion project, the recently awarded ‘feel good’ brand invested in freezing technology that would improve efficiency and the quality of its best-selling gourmet recipes.

Ben Walker, Head of Pioneer at COOK, discusses the project and the investment of freezing equipment in a Q&A below:

Can you briefly outline the details of the freezing project?

We wanted to upgrade from static blast freezing to a continuous freezing method within our ready to cook meal production.

Why did COOK require a new freezing solution?

Due to increased demand of our products and our business expansion plans, we needed to increase the volume of our frozen ready meal range and wanted to invest in the latest freezing technology within our production kitchens.

Were there any key requirements for the project? 

Fundamental to the project was finding a freezing system and process that maintained the quality of our ingredients and meals.

Can you describe your selection process and what criteria you were looking for in a supplier?

Our chosen supplier of freezing equipment had to deliver a solution that matched our expectations and requirements for quality. We selected Starfrost to help us achieve this, we felt confident the team could provide us with a bespoke solution that would fit within our business. They understood the complexities of the project and most importantly our company focus on product quality. We were pleased to partner with Starfrost and are currently working on an additional project for another spiral freezer.

Which freezing method was implemented and how has it met your project requirements?

Working with our team and specification for our products, Starfrost designed and installed a Helix spiral freezer. It’s an automated freezing system which means our products are consistently frozen and at a reduced time in comparison to blast freezing. We’ve seen a significant boost in terms of output, we have now increased production capacity by 50%. With the addition of the second spiral freezer this summer we plan a further 30% increase, bringing our total expected throughput up by 80%.

Are there any additional benefits of the freezing system, if so what difference has that made to your production kitchen? 

The Helix spiral freezer gives us operational flexibility which matches our home style cooking processes at COOK. We’ve been able to reduce contact handling of the product and now have an end to end line solution. The combined benefits of the new freezing system deliver a higher quality end product that keep our production to more stringent timelines – which for any chef, is a must!

Quote

“The spiral freezer has delivered a 50% increase in production capacity, improved product quality and created a better working environment within our production kitchens.” – Ben Walker of COOK.

Project details

Following extensive product trials at their laboratory test facility in Suffolk, Starfrost designed and manufactured a bespoke Helix spiral freezer system, that would effectively freeze the ready to cook meals whilst locking in the freshness and quality of the ingredients.

Since the installation of the Helix spiral freezer, COOK has reduced manual labour and improved production efficiency as well seeing a range of operational benefits, including increased factory space and significantly reduced processing times.

The compact automated freezer designed for COOK has removed the need for large rack trolleys within the production kitchens, an operational requirement for blast freezers. The new freezer also features an energy efficient design that operates with CO2 refrigeration, a long term refrigeration solution that is not subject to phase out regulations.

Samuel Welch, UK Sales Manager at Starfrost:

“COOK are food specialists of hand prepared ready meals. We understood immediately that the company and its products are focused on quality. Partnering with a firm such as COOK is something we value at Starfrost and our key focus was to find a cooling solution that would seamlessly fit within the business and processing line.

The next spiral freezer project for COOK, currently being manufactured, is a duplicate model of the recently installed Helix, designed to freeze 3,600 meals per hour, and will deliver the same energy efficient and maximised capacity benefits.”

Member Benefits

Exclusive Partnership deals on key products and services:

  • BFFF energy deals and rates
  • Vypr member deals and introduction
  • Defib Plus deals
  • Company Shop – membership
  • Mentor – MHE training health check

Exclusive access to networking opportunities and events:

  • Meet the Buyer events (retail & foodservice)
  • Annual Business Conference with networking dinner
  • Specialist H&S and Technical Conferences
  • Special interest groups (packaging, frozen food temperatures)
  • Annual Lunch
  • Awards Night
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Sponsorship Packages

We offer a range of sponsorship opportunities to BFFF members across our events throughout the year, with flexible packages that can be tailored to suit your business objectives.

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