GLOBAL RETAILERS GRAPPLING WITH CONSUMER SHIFTS

PARIS -- Food retailers around the world are facing dramatic shifts in the direction of consumer discretionary spending and the importance of emerging markets, according to Alan McClay, chief executive officer of CIES -- The Food Business Forum here.These changes are forcing retailers to boost efficiency and operational excellence and to seek genuine innovation rather than just product extensions,

PARIS -- Food retailers around the world are facing dramatic shifts in the direction of consumer discretionary spending and the importance of emerging markets, according to Alan McClay, chief executive officer of CIES -- The Food Business Forum here.

These changes are forcing retailers to boost efficiency and operational excellence and to seek genuine innovation rather than just product extensions, he added.

"There is a shifting center of gravity in every aspect of the busines

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