Industry Analysis & Industry Trends
Companies in the Meat and Meat Product Retailing industry specialise in the sale of fresh meat and cooked meat. Industry operators typically purchase the produce from UK farms or suppliers, and just a small percentage is imported. The industry has become characterised by intense competition mostly from supermarkets over the past decade. Large chain retailers such as Tesco and Sainsbury's have been infringing on industry operators' revenue share by offering similar products at cheaper prices. The problem has worsened over the past five years as the 2008 financial crisis and subsequent recessionary conditions have forced consumers to cut down on purchases and spending... purchase to read more
Industry Report - Starting a New Business Chapter
The Meat and Meat Product Retailing industry faces moderate barriers to entry, the initial start-up cost being the main barrier that must be overcome. Prospective entrants will need to secure retail space with close proximity to a high number of shoppers in order to drive in customers. In an era where the retail industry remains significantly fragile, new entrants must ensure the geographical location chosen is in need of the service otherwise the chances of success will be slim. Furthermore, prospective entrants will need to invest in machinery used to prepare the meat daily.
In addition to this, entrants may need to develop supply links with wholesalers, meat suppliers, and farms... purchase to read more