Price competition has hit the retail industry, not least the food retailers. This implies a strict cost control regime. Organizing and re-organizing to leverage economies of scale is a requirement for long-term sustainability. At the same time, revenues must grow.
After a decade of growth by acquisition, the focus nowadays is on organic growth. With the traditional home markets matured, and now subject to fierce competition, the opportunities appear to be found in other parts of the world.
Finding and exploiting synergy on a global level is the key in sustaining both growth and profitability.
