Food and Drink
- Managing Risk and Increasing Competitiveness
As the pace of business accelerates, the impact of increased global competition, new technologies, changing regulations and consumer pressures, presents food and drink manufacturers with a stream of challenges which consist of obtaining cost efficiencies in supply chains and overheads to maintain cost margins; investment and improvement in new product development to better support organic growth, often attributed in this sector to failure and consolidation and international expansion to help drive growth. Other challenges facing the industry include:
- Extending information technology beyond the supply chain to increase competitive advantages;
- Shifting balance of power to retailers, who are driving price reductions and making increasing demands for promotional support and higher levels of service;
- Increased competition for smaller companies in an environment where scale can help ease many competitive, legislative, and reputational pressures;
- Maintaining consumer loyalty by achieving returns from ever-increasing promotional budgets and consumer demands for quality, choice and convenience;
- Preserving reputations as investors and consumer demand for non-financial information increases;
- The food and beverages business is becoming increasingly complex. At KPMG, we work with a number of leading food and drink businesses to help manage business and technology risks and increase competitiveness by creating, releasing and protecting value.
- For further information about our services, or if you would like one of our professionals to contact you, please contact us.
© 2008 Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik AŞ, the Turkish member firm of KPMG International, a Swiss cooperative. All rights reserved.
