AGRICULTURAL NEWS - These businesses have also been affected by cheap imports, low commodity prices, and the effect of the lacklustre economy on consumer spending behaviour.
But SA agribusinesses are not the only ones to suffer; the far-reaching implications of global shifts in food demand are now becoming apparent.
Time magazine recently reported that 17 CEOs of public ‘Big Food’ manufacturers and retailers in the US had departed, or announced their intention of doing so, in the past 19 months.
Some of these CEOs had left because they were approaching or had reached retirement age, but CEOs in the country’s nearly US$1 trillion grocery industry had also been under enormous pressure due to “unprecedented change” facing these companies.
'We bring you the latest Garden Route, Hessequa, Karoo news'
