Gary E. Costley, chairman, president and chief executive officer of International Multifoods Corp., told shareholders at the company's annual meeting today at the Boatworks Event Center that the company has the focused growth strategies to help it benefit from demographic trends, such as the rise in dual-income households and the aging of the population, which are fueling growth in eating away from home. "Americans are eating out or taking out more and more every year. In fact, within a few years, more money will be spent on food prepared away from home than home-cooked food. With our strategic focus on businesses that manufacture for and distribute to the foodservice industry, we're well positioned to grow along with that trend," said Costley. "What's more, a tight labor market is forcing foodservice providers to look to companies like us for creative ways to save labor during food preparation." Costley also spoke of the company's emphasis on operational excellence, outlining the company's five key operating priorities for fiscal 2001:
USA: International Multifoods CEO Gary Costley Outlines Company's Plans to Capitalize On Foodservice Trends
Get full access to all content, just $1 for 30 days

just-food gives you the widest food market coverage.
But only paid just-food members have full, unlimited access to all our exclusive content - including 21 years of archives.
Try just-food for 30 days and get the research report; ‘Is sugar the next tobacco’ for free!
Dean Best, editor of just-food
Do you get our newsletters? If yes, log in to your account to access your FREE READS. Don't know your password? That's cool - you can reset it here.
Most Popular
Insights
- Candle left burning on Danone trajectory
- The fermentation flurry in plant-based meat
- Where is UK snack-bar market headed?
- Big Food's VC-style funds: the investments so far
- Plant-based meat's health challenges
News
- US suspends tariffs on UK imports
- Second activist speaks out on Danone exec changes
- 'Pressure mounts over Danone executive selections'
- Former Premier Foods CEO enters new role
- Tesco makes "healthy, sustainable diets" pledge
Market research
- Take-Home and Bulk Ice Cream (Ice Cream) Market in Chile - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact)
- Meal Kits (Prepared Meals) Market in the United Kingdom - Outlook to 2023: Market Size, Growth and Forecast Analytics
- Meal Kits (Prepared Meals) Market in South Korea - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact)
- United Arab Emirates In-depth PESTLE Insights
- PT Indofood Sukses Makmur Tbk - Strategy, SWOT and Corporate Finance Report
Oops! This article is copy protected.
Why can’t I copy the text on this page?
The ability to copy articles is specially reserved for people who are part of a group membership.
How do I become a group member?
To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..
