In the Supply Chains to Admire 2023 analysis, there are no winners in the food industry. While there were prior winners in the Food Industry — Ingredion in 2018, Hershey in 2017, and General Mills in 2014 — there is no consistent performer. The issue? There were significant shifts in M&A in the food industry creating weaker players. Changes included the growth of generic products by retailers, a rise in commodity prices, and shifts to natural and organic food products. The industry experienced a 1% decreases in margin and a 22% decrease in inventory turns.
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