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Food & Drink
Managing Risk
and Increasing Competitiveness
As the pace of business accelerates, the
impact of increased global competition,
new technologies, changing regulations
and consumer pressures,
presents food and drink manufacturers with
a stream of challenges which consist
of obtaining cost efficiencies in supply chains
and
overheads
to maintain cost margins; investment and
improvement in new product development
to better support
organic growth, often attributed in this
sector to failure and consolidation and
international expansion to help drive growth.
Other challenges
facing the industry include:
- Extending information technology beyond
the supply chain to increase competitive advantages;
- Shifting balance of power to retailers,
who are driving price reductions and making increasing
demands for promotional support and higher levels
of service;
- Increased competition for smaller companies
in an environment where scale can help ease many
competitive, legislative, and reputational pressures;
- Maintaining consumer loyalty by achieving
returns from ever-increasing promotional budgets
and consumer demands for quality, choice and
convenience;
- Preserving reputations as investors and
consumer demand for non-financial information
increases;
- Growing concern around health among consumers
and increasing regulations, such as the European
Union’s proposed law on Genetically Modified
Food (GMO) labelling,
The food and beverages business is becoming
increasingly complex, globally and in the UK.
At KPMG, we work with a number of leading food
and drink businesses to help manage business
and technology risks and increase competitiveness
by creating, releasing and protecting value.
Our Global Consumer Markets practice provide
clients with in-depth business understanding,
BRC and Food and Drink Federation industry knowledge
and insight, to help ensure they are one step
ahead.
For
further information about our services,
or if you would like one of our professionals
to contact you, please . |
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Consumer
Products Food
& Drink Publications
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Consumer Currents Issue 02
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