Great write up once again. Although I do wonder if the food sector can maintain a “meat oriented” approach heading into the future. You already see a lot of people heading for more plant based or organic products
secular declines in consumption takes a long time in dev nations as education\policies take decades (see cigarettes). bowel cancer is a terrible way to go.
volumes are replaced as emerging markets want to go more carnivore, but at much lower margins and often with shadier companies.
Great write up once again. Although I do wonder if the food sector can maintain a “meat oriented” approach heading into the future. You already see a lot of people heading for more plant based or organic products
They can probably pivot to meat free products. These company are smart enough to see where consumer trend is heading
secular declines in consumption takes a long time in dev nations as education\policies take decades (see cigarettes). bowel cancer is a terrible way to go.
volumes are replaced as emerging markets want to go more carnivore, but at much lower margins and often with shadier companies.
Thanks I appropriate it.