According to multiple financial studies, China is on track to become the world’s largest economy, taking over the US’s number one slot for consumer spending.
A profound shift in the global economy from developed to emerging markets has changed the landscape for the world’s leading food and beverage manufacturers.
The desire for growth in emerging markets, along with the need to continue innovating in established areas, is driving a two-pronged strategy for leading food and beverage manufacturers.
Growth in emerging markets is driving activity, despite the need for manufacturers to tackle economic challenges, cut costs, ensure operational efficiency and decrease environmental impact.
The current economic climate is reshaping the face of our industry like never before, with many of the largest food and beverage companies obtaining more than half of their income from outside their home markets.
Consolidation, streamlining and brand strengthening continue to punctuate activity among the world's top food and beverage companies as they vie for competitive advantage.