Australia’s food and grocery sector is under intense pressure from a range of forces including the competitive nature of the supermarket retail sector; subdued confidence in the broader economic environment; Australian currency fluctuations; and a comparatively higher cost of doing business in Australia than other countries.
The AFGC aims to understand and communicate the drivers behind the FMCG industry’s financial challenges, trends and business issues in an ever-changing economic landscape. Through partnerships with AFGC Associate Members and other key stakeholders, the AFGC will produce research and provide expertise aimed support members in their efforts to ensure continued fiscal success.
State of the Industry Report
The AFGC State of the Industry Report which is the ninth in series consists of extensive set of historical and updated data which collectively describe the food and beverage, grocery manufacturing and fresh produce sector. The report highlights the important contribution the sector makes to the Australian economy.
AFGC Competitiveness and Sustainable Growth
AFGC partnered with KPMG to deliver a fact based analysis of the financial performance of the Australian food and grocery industry. Using a combination of financial modelling, interviews, and surveys with industry leaders, the 2013 and 2014 reports clearly indicate that the food and grocery manufacturing industry is facing continued pressure to remain competitive and grow.
Samantha Blake, Director, Industry Affairs