50
50
SUPPLY CHAINS TO ADMIRE | 2023
Food In the Supply Chains to Admire 2023 analysis, there are no winners in the food industry. Hormel is the closest but misses on growth. 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? Significant shifts in M&A in the food industry created 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% decrease in margin and a 22% decrease in inventory turns.
Table 35. Food Manufacturing Sector Evaluation for the Period of 2013-2022
INDUSTRY: Food
IMPROVE- MENT
COMPANY INFORMATION
PERFORMANCE
VALUE
RETURN ON INVESTED CAPITAL
2022 REVENUE (MS)
SUPPLY CHAIN INDEX
GROWTH (Year Over Year Revenue)
FUNDAMENTAL AVERAGE SCORE
INVENTORY TURNS
OPERATING MARGIN
PRICE TO BOOK
MARKET CAP
NAME
2013 - 2022
Archer Daniel Midland
$101,556
4
11.3%
6.67
3.0%
7.2%
8
1.49
29,783
B&G Foods
$2,163
24
13.6%
3.18
14.0%
3.9%
9
2.93
1,831
Bunge Ltd
$67,232
1
2.2%
8.12
2.0%
4.5%
6
1.59
10,760
Campbell Soup
$8,562
26
2.6%
5.36
15.4%
10.9%
8
8.38
14,634
Charoen Pokaphan Foods PLC
$17,555
17
4.7%
4.72
3.8%
2.9%
8
1.06
4,764
ConAgra Foods
$11,536
11
-0.7%
4.97
11.0%
4.2%
7
2.60
14,918
Danone SA
$29,171
5
1.1%
7.36
13.7%
6.1%
NA
2.64
42,973
Ebro Foods SA
$3,126
19
1.3%
2.43
8.9%
5.7%
NA
1.35
3,119
Flowers Foods Inc
$4,806
18
4.9%
11.62
7.1%
8.6%
9
3.69
4,642
Fresh Del Monte Produce Inc
$4,442
22
2.7%
7.06
3.4%
3.6%
7
1.00
1,762
Freshpet
$595
5
30.3%
7.45
-5.1%
-13.6%
4
6.60
1,759
General Mills
$18,993
20
1.4%
7.13
16.6%
10.4%
8
5.51
34,881
Glanbia
$5,950
7
8.7%
6.05
6.4%
10.5%
NA
2.93
3,956
Golden Agri-Resources
$11,439
2
7.6%
6.21
4.8%
3.0%
5
0.68
3,079
Grupo Nutresa SA
$4,042
7
20.8%
6.45
9.3%
8.2%
8
0.63
1,479
Hershey
$10,419
22
4.7%
5.28
20.6%
20.8%
9
18.01
28,222
Hormel Foods
$12,459
13
4.4%
7.30
11.2%
15.1%
10
3.98
20,770
Ingredion Incorporated
$7,946
9
1.7%
5.85
11.3%
8.7%
9
2.59
6,752
Kellogg Co
$15,315
28
0.9%
6.89
11.5%
10.1%
8
8.52
23,125
Maple Leaf Foods
$3,643
31
-1.1%
7.34
2.8%
7.5%
7
1.69
2,604
McCormick
$6,351
24
4.8%
3.54
15.9%
10.9%
9
5.84
16,904
Mondelez
$31,496
30
-0.8%
6.23
13.9%
7.8%
7
2.64
72,730
Nestle
$99,379
10
0.4%
4.81
16.6%
12.0%
NA
4.81
277,603
Orkla ASA
$6,069
15
4.0%
3.46
11.2%
9.0%
7
2.09
8,759
Pilgrim's Pride Corporation
$17,468
14
8.2%
8.50
7.3%
15.0%
6
3.27
6,007
Post Holdings Inc
$5,851
11
26.3%
6.71
9.4%
0.7%
5
1.20
3,483
Continued on Next Page
Made with FlippingBook interactive PDF creator