Senior financial executives of global food and beverage companies expect to achieve improved financial performance in 2011, but foresee difficulty in sustaining profit margins and increasing market share.
After it was rebuffed in private discussions, ConAgra went public to say it would like to buy Ralcorp for $86 per share in cash, or approximately $4.9 billion, plus the assumption of $2.5 billion in debt.
Despite a weak economy, consumer packaged goods marketers are developing new products that raise the bar on consumer expectations around everyday CPG solutions.
What cultural and consumer shifts are affecting consumer packaged good (CPG) trends? Market and consumer trends researcher Mintel, Chicago, says a dozen factors will impact CPG products in 2011.
Dairy products giant Dean Foods Co., Dallas, said it hired consumer packaged goods industry veteran Shaun Mara as senior vice president and chief accounting officer.
Global consumer and market researcher Mintel International Group said it hired Pete Giannakopoulos as president for the company's Chicago-based Mintel Americas’ Consumer Packaged Goods (CPG).
While consumers around the world are more confident about the year ahead, Americans still seem relatively unconvinced there will be drastic improvement.
Millennials are one of the largest demographics in the country and will soon be entering a strong growth period in both income and consumer packaged goods (CPG) spending.