PARIS -- A vast majority of executives polled at the SIAL trade show here support predictions that globalization of the food retailing business will be good for both their companies and the consumer.
Results of survey conducted by SN Global in the SIAL exhibit hall showed that nearly eight of 10 executives, or 79%, polled thought globalization of the food industry was a positive for the consumer. Seventy percent of respondents thought globalization of the food retailing industry a good thing for their company.
In other highlights of the survey:
· Nearly two-thirds, or 60%, of those interviewed said membership clubs can operate successfully in the Asia/Pacific area. About three out of four, or 74%, respondents agree that clubs can operate successfully in Europe.
· More than three of four, or 77%, said governmental regulations had no effect on limiting company expansion plans.
· Store brands have a significant presence according to the retailers. Nearly one of three, or 30%, said store brands account for more than 25% of total food and nonfood sales; 27% report store brands representing 15% to 25%, and 43% noted private labels at less than 15% of sales.
A majority of the 40 respondents to the SN Global poll were senior executives, most from European Union countries.