Sugar & Spice: Food-Processing Industry Keeps on Cooking
- Topics:
- Site Selection
- Tags:
- Food,
- Food & Beverage,
- Food Industry,
- Industry,
- Management,
- Manufacturing,
- Strategy
- Source:
- bizsites.com
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Overview: Perhaps by virtue of its serving a basic human need, the food-processing industry does not garner the sizzling press and fawning attention that seem to follow the biotech or electronics industries. That is not to say that food processing is a staid or dull industry. On the contrary, satisfying the hunger and thirst of the fickle American consumer requires continuous development of new products that must get to market on the double. The food industry has traditionally been one with a high number of mergers and acquisitions. Distribution issues continue to be one of the most important factors for food processors looking to expand their business. It is becoming more important to take into account where third-party distributors are relative to the location. Labor costs and access to markets are big factors in food processors’ site selection decisions, but so is access and cost of raw materials. In nearly every category, which includes data for hourly labor costs, power costs, occupancy costs, transportation costs and sugar costs, Canadian locations were more cost-effective than their U.S. counterparts.
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Format: HTML | Date: Jan 2003 | Pages: 1
