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November 17, 2016

PepsiCo to build Russia baby food plant

PepsiCo is to set up a baby food plant in Russia.

By Dean Best

PepsiCo is to set up a baby food plant in Russia.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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The US-based food and beverage giant is to build the factory in Timashevsk, a town in southern Russia, where it already has a dairy plant.

The facility is set to make cottage cheese and drinking yogurt. Construction is scheduled to begin in the first quarter of 2018. PepsiCo said the plant will create around 60 jobs.

PepsiCo also pointed to how the investment could benefit the region. It said the milk it procured from the region would rise by around 20% to 600 tonnes a day.

Silviu Popovici, the CEO of PepsiCo’s operations in Russia, Ukraine and the CIS, said: “Building a new plant in the Krasnodar region will allow us to increase the volume of baby food production and expand the product range. We will be able to more efficiently manage logistics in the southern federal district, providing consumers with fresh, healthy and tasty products for children, made from raw milk from local farms. Through the implementation of the project, we will also create new jobs and increase the volume of purchases of raw materials from local suppliers.”

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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