Riding out the recession Archives - Just Food
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Riding out the recession

Food industry grapples with the downturn

Food industry grapples with the downturn

The global economic downturn has had a profound impact on the way companies operating in the food sector do business. Recession has brought with it myriad challenges – ranging from securing credit lines to rapidly changing consumption patterns. Even as food companies grapple with these, they must also remain attuned to the new opportunities being thrown up by the exceptional economic conditions. Katy Humphries reports.

US: Bi-Lo files for bankruptcy protection

US: Bi-Lo files for bankruptcy protection

US supermarket group Bi-Lo has been forced to apply for Chapter 11 bankruptcy protection as the credit crunch has prevented the company from refinancing outstanding loans.