Page 3 - Newsbites March 2021
P. 3
Trading Update
Private Label Update within Ocado, Dunnes, Lidl, Tesco and
Morrison’s for our existing product range.
Highlights
• Successful
Gazelle
implementation,
on time and fully
using the Gazelle
cycle in 2021.
• Ensuring we are prepared for new Brexit
• Launch of Co-op Honest Value regulations that are required from 1st April,
Custard in January. Initial sales checking that our suppliers are compliant and
are very positive and Nisa have ready for the new required processes and
also listed both Honest Value Rice that we meet the new process requirements
& Custard as part of their range. of our customers.
• Successful Brexit transition • Pushing our NPD pipeline of vegan products
on the 31st of December 2020, maintaining to our customers to move us into some new
supply routes and supply from Europe to our emerging categories and provide vegan
customers through this period and managing alternatives to our current dairy based offer.
with support from Group the additional issues
and procedures we have had to implement
due to regulatory changes.
• Moving to the Gazelle monthly reporting
structure and ensuring this runs smoothly.
• Drive sales of Farmlea
• Started supplying ROI customers direct via into new and existing
new warehouse (PRL) driving greater profit- customers with an
ability to the private label team and offering attractive promotion price.
another potential route to Ireland from
Europe mitigating additional customs and VAT
charges. Mars Update
Focus on the impact of NPD and driving a fast
Areas of Focus start
• Work to ensure current cost price increases 2021 has got off to a flying start for the Mars
are delivered across all customers with no Business Unit we are ahead of budget
margin erosion and loss of business. performance across all categories and
enjoying significant growth yoy.
• Continue to drive current NPD opportunities
