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Business Coursework

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Furthermore, with the steady but continuous growth in the manufacturing and agricultural sector, the flow of raw materials can also be noted as quite substantial to fuel up the competition in the industry along with satisfying the demand amid the traders of food and drinks in the UK It is worth mentioning in this context that due to the increasing values rendered to the sustainability issues, not only by the agricultural industry, but also by the food and beverage industry as a whole, the companies operating in this structure needs to focus on acquiring efficient and highly skilled labourers with sufficient knowledge in the field of technology along with retail and infrastructural issues (Institute for Manufacturing, 2010).The demand conditions in the industry can be witnessed to rise rapidly with the increasing number of population, especially amid the young and the middle age-group of England and Wales region. Conversely, it should also be mentioned that the income disparity in the economy is witnessed to increase which certainly causes a negative impact over the demand conditions in the industry (Jin & et. In lieu of this certain feature, the industry’s contribution to the overall output of the manufacturing sector in the UK is also considered to be rising substantially at an average growth rate of 0.2% However, the contribution by the industry in the manufacturing sector growth rate over the past 12 months period was recorded to be negative which in turn depicts that even though the industry is witnessing stable but increasing demand in the consumer market, it is likely that a few noteworthy obstacles persist in other segments (Myers, 2012).The food and drink industry in the UK operates collaboratively with various other industries. Apart from the agriculture industries, the food and drink industry is also related to the technology industry, catering industry, retail and distribution industry along with the wholesale industry (Institute for Manufacturing, 2010). The interconnected structure of the industry can be well observed from the diagram below.However, it is worth mentioning that due to its interconnected nature, the food and drink industry had to witness significant challenges in terms of the recent global financial turmoil such as reduction in investments, fluctuations in the currency rates and inflationary affects

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