Ferrero Warns UK Policy Delays Threaten Cocoa Supply Chain Reform Amid Easter Demand
Ferrero has raised concerns about delays in UK legislation that are hindering investment in sustainable cocoa supply chains. As Easter approaches, a peak period for chocolate sales, the pressure on cocoa supply chains is increasing. The UK, being the third-largest chocolate market globally, is facing challenges due to deforestation and climate pressures. Ferrero, along with other industry leaders, is part of the UK Cocoa Coalition, which is advocating for the enactment of the Forest Risk Commodities regulation. This regulation, part of the Environment Act 2021, has yet to be implemented, creating uncertainty that deters investment in supply chain improvements. Ferrero emphasizes the need for consistent regulatory standards to ensure all companies adhere to the same sustainability practices.