Blog: Sun shines over SIAL - but what's the outlook for the industry?
Dean Best | 21 October 2012
This year's edition of SIAL, the huge food industry exhibition, kicked off in Paris today, with warm sunshine over the French capital. However, the show is being held in the teeth of the worst economic conditions for decades and with the eurozone crisis casting a shadow over the Continent. In the next five days, just-food will be finding out what exhibitors believe is the outlook for the industry.
Optimism often abounds at events like this; exhibitors are looking at new markets and are also pushing new products at retail buyers, exporters and importers. SIAL calls innovation a "flagship value" of its event, which it claims sets it apart from other industry trade shows.
Nonetheless, there is no question trading conditions remain tough; leading executives from the European food and drink spent two days in Brussels last week deliberating how the sector could grow in the face of economic volatility, pressure on resources and global competition. And in the face of less loyal and more cautious consumers.
And the downturn has, to some industry watchers, hit innovation. Earlier this month, Heinz told the IGD industry conference in London there had been a 30% drop in products launched this year in the UK compared to two years ago.
Plus, there is some concern of a slowdown in key emerging markets of Brazil and China.
Stay tuned to the news, NPD and interviews pages on just-food for the latest from the event.
The discounter has, alongside its fellow German retailer Lidl, shaken up the UK grocery market. And today (28 September) it outlined plans to grow its business in the country further....
Genetically modified ingredients is a hot issue, nowhere more so than in the US. Most food makers in the country, through a number of industry organisations, maintain GMOs are safe and insist their us...
Indian conglomerate Tata Group is reportedly planning a "big bang" entry into the Indian e-commerce space....
- Focus: Fonterra's bid to weather dairy volatility
- How Windsor buy is part of Ajinomoto's global push
- On the money: Diamond's faith in on-trend range
- Dairy in India: No quick win for multinationals
- Dairy in India: How to win over Indian consumers
- Nestle forms new unit to "leverage scale"
- Kerry, Premier team up on frozen NPD in UK
- Nestle sells baby food brands Alete, Milasan
- PepsiCo eyes Middle East growth with R&D centre
- Aryzta profits rise on M&A