The cheese industry is closing at a time when some are questioning the sustainability of the industry, as the cost of producing cheese is increasing by about 15 per cent annually, with the sector suffering a record number of closures and price cuts.
The closure of several major cheesemaking factories in the past year has been attributed to high costs, a lack of production capacity and high demand for cheaper alternatives.
A report in the Financial Times found that in 2016, the industry lost more than 1,000 jobs, with prices of some cheeses rising more than 30 per cent since the beginning of the year.
It also cited a slowdown in global supply chains and a sharp decline in consumer demand for cheese as the factors contributing to the industry’s decline.
While some of the closures have been linked to the global economic crisis, the loss of jobs and high costs are being attributed to factors such as an increase in the price of raw materials and a slowdown of demand from other sectors.
The loss of a factory can cost a company as much as 10 per cent of its annual output, and in some cases, even more, the report said.
Costs of cheese production are not the only issue.
The cost of building a factory is also increasing, with new buildings having to be constructed and the cost for machinery and other equipment to be replaced, according to the report.
In addition, the number of workers needed to maintain a factory has increased and many workers have been let go due to poor performance, according the report, which cited an analysis of data from the International Labour Organization.
This year, more than 40 per cent were unemployed, a record high, according data from Euromonitor International.
While the cheese industry has been operating at near full capacity, many of its workers are not employed full-time and many are still waiting for new jobs.
The closures in 2017, the most recent year for which figures are available, have had a huge impact on the industry.
Last year, the sector had around 1,300 workers, according, and most of them were seasonal workers who were laid off after they were laid-off in other industries, according Euromonitors.
Many of the workers who had been laid off in other sectors are now looking for new work, the group said in its report.
The price of a single cheeseburger in New York City, for example, is around $4.50, compared to $3.60 for a single slice of cream cheese in a cheeseburgers.
The report also found that prices for cheese and cheese products in general have risen more than fivefold since 2010.
However, some economists have said that prices could be increasing in a negative way due to a shortage of cheese and the loss in consumer spending.
“We have seen the cost per slice of cheese increase substantially in recent years, but not to the extent that it is currently experiencing,” said David Wahlberg, chief economist at Deloitte.
The report also noted that while cheese production has not experienced a huge drop in recent decades, it has been affected by high food costs.
Wahlburg noted that a growing number of consumers are opting for cheaper substitutes such as dairy products, cheese and cream cheese.
The global demand for high-quality, high-cost cheese has also been a major factor behind the cheese’s decline, with demand for the product being growing at an annual rate of 10 per a cent.
However it is also becoming a hot topic in the media, with some outlets speculating about the future of the cheese.