Last week's ruling that foreign retailers looking to open multibrand stores in India must build their own supply chains rather than acquire existing infrastructures means it's likely to take longer for the stores to get up and running, experts say. "In a nutshell this will delay everybody's plans," said Devangshu Dutta, who heads retail consultancy Third Eyesight in Bangalore. "Companies like Wal-Mart, Tesco can acquire assets later on but not initially and that means more time to start their operations."
Inka Crops has imported roasted corn from Peru since the fall of 2000, reports say. Inka's products were unveiled at Trader Joe's and have since become a fixture in the gourmet grocery chain. The company reportedly anticipates 2002 revenue to hit $2 million.
An ACNielsen study indicates such supercenters as Wal-Mart continue to surpass traditional grocery stores. About 33% of supercenter sales growth comes from previous grocery store spending, the study says.
South Korea says it has killed about 10,000 pigs in the past few days after the discovery of the disease. Japan reportedly has suspended all hoofed animal and processed meat product imports from Korea.
Food Distributors International's Board of Governors has approved a plan to partner with FMI. The change could take place at the end of 2002 if ratified by the members. Kevin Coupe praises the merger, saying, "FMI becomes the centralized trade association ... and it presents a public face that is cohesive and efficient."