Meat industry moves towards consolidation
Meat industry moves towards consolidation
2015-07-20 From:Food Magazine Consolidation of the Australian meat industry is allowing companies to improve efficiency and bring the consumer closer to farmers.
Graham Greenhalgh, CEO, Sanger Australia, says the move will bring the customers’ needs closer to the producer by removing one of the links in the chain. Both Sanger and Bindaree have been separately selling meat from the McDonald family. “Separate share holdings, separate aspirations, separate everything and so by joining those two businesses together, we take out any issues between the objectives or visions of those two companies and we make sure we’re aligned,” Greenhalgh says. “People are seeking and searching closer connections to the producer and have more interest in insuring the producer groups are prospering. People are becoming responsible in how they consume food and they want to ensure that the value that they’re paying for the food passes down to the farmer…so this [merger] is going to certainly help with that. We’ll have one set of objectives and we’ll be closely aligned and we think it will contribute to delivering better efficiency between the producer and the consumer.” Over the past 20 or 30 years, the meat industry has become less fragmented, Greenhalgh says. “The four biggest meat companies in Australia have massive financial strength, massive global positioning and I think that’s a real positive for the industry, it’s enabling investment into the industry and that investment is bringing efficiency. “That consolidation of business allows people to invest more to drive more efficiency and to make that connection between the customer and the farmer closer and more responsive and that’s absolutely what we’re endeavouring to start doing.”
Claims:
The copyrights of articles in the website belong to authors. Please inform us if there is any violation of intellectual property and we will delete the articles immediately.
Relevent Information
more »
» Predicted growth for India's dairy and soy food sector
» Global breakfast drinks market to reach US$83.83 billion by 2026 » Aussie oat noodles target Chinese market » Aussie fresh vegetable exports grow to $281m » Snack Food Market Expected Growth to $220 Billion by 2025 » Chocolate Market to Grow at CAGR of Nearly 7% by 2023 » Quality is king in China’s infant formula market, research shows » Predicted growth for APAC functional dairy products » Online alcohol sales are increasing » Coca-Cola buys France’s Tropico to grow in the fruit drinks market |
Hot Topic
|
Chinese Food Industry Magazine
TEL:886-2-28941823 FAX:886-2-28941837 E-mail:viya@foodsourcings.com
Copyright Notice © 2010 Foodsourcings All rights reserved.
Powered by Foodsourcings & Chinese Food Industry Magazine