GMA study: CPG industry better than most
The study found, in part, that...
... the food sector experienced sales growth of 10.2 percent, evidence that consumers are increasingly cooking and eating at home. The beverage sector followed with 9.9 percent sales growth.
... the food sector was the performance leader among the major CPG sectors in 2008 median shareholder returns.
"Given the CPG industry's laser focus on delivering value, innovation and investment in the future, it's no surprise that it appears to be weathering the economic cycle better than other sectors," said GMA President & CEO Pamela Bailey.