Veris Strategies reposted this
"At the heart of this strategy must be a radically different approach to the food industry." Today’s hot topic is the newly published UK House of Lords Food, Diet, and Obesity Committee report, "Recipe for Health: A Plan to Fix Our Broken System." This report, driven by 150 submissions from organisations across the food system, lays out crucial recommendations. If you're a business, what are the big recommendations you need to know about? 🍏 Strategy: Calls for a long-term integrated plan on food and the FSA to have full and independent oversight 🍏Reporting: making large food businesses report on the healthiness of their sales and tightening up on lobbying with businesses that derive more than a defined share of sales from less healthy products not included from any discussions on the formation of policy 🍏Tax and incentives: A salt and sugar reformulation tax on food manufacturers 🍏Advertising: banning the advertising of less healthy food across all media by the end of this Parliament In my opinion, what should food and drink brands, manufacturers, and retailers do now? 👉 Experts: Collaborate closely with those who can help you understand and navigate these challenges in your business. Long term strategies and shifts are needed, Veris Strategies 👉Skills: Upskill teams to help them understand, engage and build confidence on how the food industry is adapting Future Food Movement 👉Risk: Proactively explore the risks of some of these recommendations coming into play - what will it do to your portfolio and consumers? 👉Collaborate: Speak to NGO's and others across the industry. They can help you make progress and take leadership positions 👉Innovators: Lots of new ideas coming into the market, get close to the them and embrace entrepreneurs and disruptors who will help drive change