Packaged Food 2011 (Part 3): Finding Success in a Challenging Operating Environment
Times are getting bad, again. Elevated prices on global commodities markets have led to renewed fears over food security. This is also making key inputs like cereals, cocoa and sugar more expensive for packaged food manufacturers. Despite higher input costs, retail food prices remain flat to declining, thanks to retailer consolidation and private label encroachment. What can packaged food companies do to protect their margins in this increasingly challenging operating environment?
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