Food Business News - April 7, 2015 - (Page 9)

Editorial EDITORIAL STAFF Editor-in-chief Morton I. Sosland Executive editor, markets Neil N. Sosland Editor L. Joshua Sosland Executive editor Keith Nunes Senior editor, markets Jay S. Sjerven Managing editor Eric J. Schroeder Senior editor, markets Ron Sterk Associate editor Jeff Gelski Assistant editor, markets Laura Lloyd Internet editors Rebekah Schouten Monica Watrous Contributing editor Donna Berry Graphic designer, market graphics, data Christina Sullivan PUBLISHING STAFF Chairman Charles S. Sosland Vice-chairman L. Joshua Sosland President and publisher Mark Sabo Associate publisher G. Michael Gude David DePaul Bruce Webster North American sales Matt O'Shea Vice-president, chief financial officer Melanie Hepperly Audience development director Don Keating Advertising manager Nora Wages Director of design services Sadowna Conarroe Circulation manager Whitney Forrester Digital systems analyst Marj Potts Manager of advertising design Becky White Director of e-Business Jon Hall Director of on-line advertising and promotions Carrie Fluegge Promotions manager Lon Davis WE'RE EAGER TO RECEIVE YOUR FEEDBACK: E-mail or write to us at Food Business News, 4801 Main Street, Suite 650, Kansas City, Mo, 64112 April 7, 2015 MORTON SOSLAND India may soon rival China in growth o matter how remote a company con- last year, China's domestic product per capita siders itself as free from international grew 17 times. In the same period, the Interinfluences, it is the rare enterprise national Monetary Fund says India's per capithat has avoided any effect from what has ta G.D.P. rose four times. These numbers hide occurred in China in recent years. From its the income improvement enjoyed by millions impact as a buyer of grains and influencer of in India. Such estimates also underscore the global supply-demand to amazing economic huge chasm India now views as its target for growth, China has had the constant attention changing. of food manufacturers of all shapes and sizes. While better infrastructure is absolutely Even as China's economic growth has begun necessary for India even to consider taking on slowing from an astonishing period of expansion, it has a neighbor in India that is seen India is the nation where the Green Revolution as having similar potential to exert much the same influences began decades ago, only to fall short in ending on the global economy. These two Southeast Asia behemoths hunger for other reasons. may affect the state of global business in ways that could reach every part of U.S. food manufacturing. Predictions have been made so often about such a task, promoting private sector investIndia's potential for rapid growth, only to be ment is given equally great urgency. Financing followed by failure soon after, that present- public investment is an immediate goal, and day commentators are cautious in predicting this needs to be conducted in a manner that that India is on the verge of rapid improve- does not interfere with private banking. Much ment. Comparisons with China mainly reflect attention has been given to adopting a sales population, where China's current total of 1.4 tax as a forerunner to establishing a nationbillion slightly exceeds India's 1.3 billion. The wide market that is sorely absent at present. Lack of national markets surely weighs on expectation is that India's numbers will soon the few food brands and food manufacturing be larger than China's. But it's not massive population alone that is operations that have tried to extend beyond cited for growth potential. India's population a headquarters city or state. Along this very is much younger than China's where the ag- line, it is no surprise that the prime minister ing share has increased to a point of concern. elected last year, Narendra Modi, has pledged India is a liberal democracy with a political that he will seek to improve the environment system considered positive for growth. Ex- for business, including easing the burden of cellence in education has created a large pool the bureaucracy. His progress is so far quite of young people highly trained in technology. limited, with constant complaints about state These advantages are offset by vast numbers efforts to impose special taxes on businesses of poor, undernourished people working in as well as worrying about difficult labor relaagriculture and in cities on paltry incomes. tions and tough inspectors. India is ranked by the World Bank as 142nd Hardly 10% have jobs of western standards. Food distribution and food manufacturing out of 189 countries rated for ease in doing reflect adequate crop production lessened by business. It is one place above the West Bank dismal distribution due to terrible infrastruc- and Gaza. Mr. Modi's government has a tough ture. India is the nation where the Green Rev- balancing act to help business while not seen olution began decades ago, only to fall short as neglecting the poor and farmers. It is easy to assume that only limited improvements are in ending hunger for other reasons. It has been noted that if India has a chance likely to make India a better place for doing of emerging as the fastest growing nation business. Yet, small gains in that huge nation in the world, it will be due to the low level are likely to have quite a significant impact on from which that occurs. From 1980 through U.S. food manufacturing. FBN N FOODBUSINESS NEWS ® 9

Table of Contents for the Digital Edition of Food Business News - April 7, 2015

Food Business News - April 7, 2015
Challenges ahead for ConAgra Foods
Shifting from weight management to wellness
Beverage Business News - Beyond milk: Dairy ingredient trends
Table of Contents
Web Contents
Editorial - India may soon rival China in growth
Health concerns, competitive headwinds slow U.S. chocolate sales growth
Innovation brewing at McCormick
Tyson Foods leveraging Hillshire innovation
Heinz, Kraft merger offers ample international opportunities
Kroger on the cutting edge
Packaged meats sales lift Smithfield earnings
Market Insight - Farmers’ planting intentions vary from expectations
Washington - Feinstein, Leahy introduce B.P.A. labeling bill
Company Profile - Panera 2.0: In pursuit of excellence
Ingredient Innovations - Anticipating egg alternative needs
Dairy solids assist with flavor development
New Food Products
Ingredient Market Trends - U.S.D.A. March 1 soybean, corn and wheat stocks up from year ago
Ingredient Markets
Highlights from Research Chefs Association’s Culinary Expo in New Orleans
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - April 7, 2015