Survey released on procurement strategies in food and beverage industryThe "Global Food and Beverage Survey 2012-2013: Market Trends, Buyer Spend and Procurement Strategies in the Global Food and Beverage Industry" report was recently released by Canadean, showing the progress the industry has made over the past year, and providing insight into what the future may hold.

The report provides data and analysis on spending outlooks, budgets, supplier selection criteria, business challenges and investment opportunities related to food and beverage procurement.

According to the report, executives from the global food and beverage industry are expecting a jump in the levels of consolidation. Forty-six percent of respondents reported that they are anticipating there would be a significant increase in merger and acquisition activity over the next 12 months.

Mergers and acquisitions are expected to increase as a result of the lack of credit available, increasing cost pressures and creating liquidity problems at smaller companies. M&A activity could also be spurred by the desire of companies to achieve greater efficiency in the realm of procurement by scaling up.

The Global Packing Industry Survey was also recently released, showing budgets are set to increase by 11.5 percent this year.
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