Soft Drink Industry Levy and Price Rises The long-anticipated tax on fizzy drinks has finally come into effect in the UK, meaning many soft drinks firms are now facing hefty tax bills on the high sugar-sweetened beverages they produce or import. The Soft Drinks Industry Levy (commonly referred to as ‘The Sugar Tax’) will add
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To Stay Competitive, Automation is a Must New technological advances such as automation and artificial intelligence (AI) are advancing at a rapid pace and are transforming the productivity and capabilities of many businesses globally. Food and beverages, along with manufacturing were some of the first industries to harness automation and continue to reap the benefits.
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The Soft Drinks Industry Levy The Soft Drinks Industry Levy was one of the more notable inclusions in the March 2016 UK budget. Similar schemes are already in place in France, Hungary and Mexico, while many other countries are giving it serious consideration. Nicknamed the ‘Sugar Tax’ by the media, the levy is forecast to
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What Can Beverage Companies Do? For the past few years, sugary drinks have been in the firing line in the war against obesity. While there’s evidence that sugary drinks contribute obesity, there are differing ideas on the best ways to prevent it. In a budget announcement in March 2016, the UK Government included a sugar
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