Business Leaders' Forum
Patrick Coveney
Greencore boss and Food Manufacturing Personality of the year Patrick Coveney spoke of a “catastrophic collapse” in retail profitability and a massive shift in the retail landscape.
Coveney: “If you look at publicly quoted businesses, there has been a haemorrhaging of profitability over the past few years.
“If you go out to lunch, you have Marks & Spencer Simply Food competing with Prêt à Manger and Greggs.
“Consumers have built habits of multiple kinds through the recession – these will remain, independent of retail circumstances.”
To read our full article on Coveney’s top five industry trends, click here.