WORLD: Consumers drive food industry transformation in branding, retail formats and consolidation
Food manufacturers and retailers face substantial consolidation and internationalization over the next five years as they innovate with brands and retail formats to satisfy changing consumer habits and demands, according to a report released today by Cap Gemini Ernst & Young. "State of the Art in Food: The Changing Face of the Food Industry" draws its conclusions from a survey of 220 leading food executives from 19 countries in Europe, US and Asia Pacific, and detailed interviews with 65 senior-level executives.
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