Ronald Neysmith Quotations
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Ability Quotes
The packaged food manufacturers' ability to raise and maintain prices to offset rising commodity costs will be a key test of the shifting of power to the retailer. Moreover, escalating costs have negatively impacted the small and midsize food companies more than their larger counterparts due to the smaller companies' higher proportion of fixed-costs and limited economies of scale.
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Along Quotes
The introduction of new products has mitigated the shift toward private-label products that generally occurs in a rising cost environment. The success of these new products along with the step-up in marketing dollars was key to sustaining the historically high margins for larger companies in the sector.