State Of The Art In Food: The Changing Face Of The Worldwide Food Industry
- Topics:
- Global Strategy
- Tags:
- Food,
- Food & Beverage,
- Industry,
- Manufacturing
- Source:
- Cap Gemini Ernst & Young
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Overview: In the future, food stores will be larger; consumers will wield more power; and supply chain cooperation will become increasingly important. New leading-edge global research examines the food industry of tomorrow. Traditionally, change in the food industry has been slow and gradual. Revolutions have occurred rarely, if at all. However, in recent years, the food business has experienced a number of significant changes that may ultimately alter the very nature of the industry. The article discusses some of the most significant findings from this study. These are the consolidation and internationalization of the food retail and manufacturing industry can be expected to continue, the power of the retail sector will grow, globalization and individualization will be key consumer trends, the agricultural sector will undergo fundamental change. All these have been discussed in detail. Besides this, four particular issues need to be addressed. These are how can cooperation among the various links in the chain be realized, retailers must be willing to reconsider what really constitutes their core business, the provision and standardization of information and creating new techniques to optimize food.
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Format: PDF | Size: 271KB | Date: Jan 2003 | Pages: 12
