Global Beverage Survey 2012–2013: Industry Dynamics, Market Trends and Opportunities, Buyer Spend and Procurement Strategies” is a new report by Canadean that analyzes how global beverage manufacturer industry companies’ procurement expenditure, business strategies, and practices are set to change in 2012–2013. This report provides data and analysis on category-level spending outlooks, budgets, supplier selection criteria, business challenges, and investment opportunities of leading purchase decision makers in the global beverage manufacturing industry. The report also identifies future growth of beverage manufacturers and suppliers, M&A, and e-procurement in the global beverage manufacturing industry. This report not only grants access to the opinions and strategies of business decision makers and competitors in the global beverage manufacturers’ industry, but also examines their actions surrounding business priorities. The report also provides access to information categorized by region, company type, and size.
● An analysis of responses by beverage manufacturing companies reveals that ‘new product development’, ‘machinery and equipment purchase’, and ‘IT infrastructure development’ will record a significant increase in capital expenditure over the next 12 months.
● Global beverage manufacturer respondents consider Singapore, Taiwan and Hong Kong, the US, and Australia to offer the largest growth potential among developed markets over the next 12 months. Furthermore, South Korea and Canada are identified as other developed markets with high growth potential in 2012.
● 50% of beverage manufacturer respondents project an increase in investment toward ‘new product development’. In order to synchronize with market growth, beverage manufacturer companies plan to spend considerable amount on the development of new products. For example, in February 2012, NourishCo, the joint venture between Tata Global Beverages and PepsiCo India, launched a new packaged water brand, Tata Water Plus, in India. The company has already invested around US$10.07 million in the new product and will make more investments in 2012.
● Global beverage industry suppliers plan to increase capital expenditure on ‘new product development’ over the next 12 months. Supplier companies are concentrating on the development of new products with enhanced product quality, extended shelf life, and a focus on health and safety of products. For example, in January 2012, Key Technology, a supplier of machinery, introduced a new, redesigned ‘Auto Dryer’ for eliminating surface water from fresh-cut produce while enabling continuous line flow. The new dryer is effective in removing moisture from fresh-cut produce gently and consistently, to improve product quality and extend shelf life.
Tagged: Food & Beverage