Page 19 - IAV Digital Magazine #458

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Cadbury Says It Will Stockpile Chocolate In Case of A No-deal or Hard Brexit
Cadbury owner Mondelez will stockpile key ingredients in its products to pro- tect itself in the event of a no- deal Brexit.
Hubert Weber, the European chief of the food giant, said the UK is "not self- sufficient in terms of food ingredients" and the chocolate manufacturer will have to stockpile choco- late, biscuits, and other ingre- dients to meet supply.
The move emerged as the company dis-
cussed its no- deal or hard Brexit plans.
Mr Weber told The Times: "Like the whole of the food and drink industry in the UK, we would prefer a good deal that allows the free flow of products, as that would have less of an impact to the UK consumer.
"However, we are also prepar- ing for a hard Brexit and, from a buffering per- spective for Mondelez, we are stocking higher levels of ingredients and
finished prod- ucts, although you can only do so much because of the shelf life of our products.
"We have a con- tingency plan in place to man- age (a hard Brexit), as the UK is not self- sufficient in terms of food ingredients, so that could be a challenge."
Mr Weber warned cus- tomers may face higher prices and fewer choices for their chocolate fix.
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iAV - Antelope Valley Digital Magazine