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Tuesday, 3rd July 2007

Fixing China's Food Safety Issues will Require a $100 Billion Investment

Fixing China's Food Safety Issues will Require a $100 Billion Investment
Source: A.T. Kearney

China's food safety process is broken and fixing it will require a $100 billion investment in improved food safety standards, warehousing, transportation and training, according to research by global management consulting firm A.T. Kearney.

The analysis, presented at the CIES World Food Business Summit in Shanghai, forecasts China's growing middle class will spend more than $650 billion on food by 2017, a combined annual growth rate of 17 percent from current spending of $150 billion. More than 75 percent of this demand will come from second and third tier markets.

Analysis available as PowerPoint or PDF.



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