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should find what happening in food industry?

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  • Post Date 2018-11-05T12:34:59+00:00
  • Post Category Essays

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should find what happening in food industry?

Food industry in Australia

INSTRUCTIONS:
I`ve group of student we`re planning to open new compay (Discusses key environmental forces relevant to opportunity – eg., political, economic, social, technological, environmental and legal) in my part,(economic)I should find what happening in food industry? What happen to economy of food industry? Is it growth in the future and so on
CONTENT:
Food IndustryName:Course:Professor Name:(April 30, 2012) Food industry in AustraliaThe organic food industry is a wide business that supplies food to the consumers all over the world population. The food industry will always include the retail food and supply chain services. The retail and supply chain services segments are sensitive and are affected by six main factors. The six factors will include: food inflation or deflation, softness in national and local economies, increase in energy costs and commodity prices, changes in interest rates, the availability of favorable credit and trade terms and other economic conditions that affect spending or buying habits. The above factors affect the retail sales, the demand for products one is to distribute to the customers, the operating costs and other important aspects of the business (Dr. Estrada-Flores 2008).Food prices will always affect the running of a business. It is the basis on what one is to make out the business. Basically the grain price will always have the greatest effect in the food industry. It will affect price of meats, poultry, eggs, and dairy products. This is because these items account for more than half of the at-home food dollar; price changes for these categories can significantly affect the consumer price index (CPI) (Gambone 2012). If there is a price increase then the CPI will be affected negatively and vice versa.In Australia, organic food industry is growing at the rate of 20-30 percent per anum. This is also the trend i...
 

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