Global packaged food industry looks to manage risks better to tide over economic and industry challenges

摘要

In a period characterised by intense competition, price fluctuations, and strict regulations, companies in the global packaged food industry are finding it challenging to maintain and improve profitability. Factors such as raw material procurement, volatile oil prices, focus on health and wellness (leading to an increase in the demand for organic raw materials), a need to reduce the time taken to commercialise a new product, to name a few, are contributing to the pricing pressure in the global packaged food industry, which directly impacts profitability.