Question

this is about over all food industries in USA and also explain the three points at the bottom and do the SWOT analysis. and what are the key projects in the past of food industries in USA, in offering or subsector.. and explain the observations and recommendations about it

Answer 1

Introduction-

As a great transformation has been seen in the food industries of the developed nations like USA which has lead to promote export and encourage investment sources in the country in order to expand more of its business within and across nation.

Country strategy on food industries in order to promote trade and attract investment-

• Promotion of more of exports of its country grown product
• Produced goods and services which are more in demand in order to spread them across millions of customer demands such product.
• Promoting foreign direct investment in the food industry in USA.

[1] Key project of the past- The food mirror project providing with the kjey to trhe food industry in anticipating consumer demand. The research and development centre which generally specialies in marine and foodstuff research is with a plan to specify new food trend as they are expected to detail consumer preference for future. It has a aim to develop such range of services that target the consumer study in order to provide the food industries with effectively anticipated demand.The food mirror project works on two main line i.e consumer study and consumption trends that allows the company to access the future as well as present demand of the consumer and thus providing them with the same in order to satisfy them.

[2] SWOT Analysis of the food industry- It means strength, weakness, opportunities and threats

Strength includes-

• The food industry of the country has a strong distribution network
• The food industry produces large quantity of product which is one of the reason of its low prices.
• It employees a highly skilled workforce.
• It maintains a good relationship with its suppliers.

Weakness includes-

• High rental expenses as the stock need to be stored in order to meet the production and consumption gap.
• Lesser profit if the food business is done without effective profit planning.
• Centralized system controls the function and decision making function of the product.

Opportunity includes-

• Use of innoivative technology in order to expand its business with reduced cost.
• Online stores availanility and delivery for te same.
• Higher population serves as a benefits for food industry as serving them will increase its profit.

Threats includes-

• Increasing competition with the increasing economy.
• Availability of fewer supplier in the market .
• Change in the taste and preference of its customer.

[3] Observation and Recommendation- The food industry has a wide scope for its growth in this growing economy as it has an opportunity to serve a wide range of population and a wide scope in orer to grow its business as the demand is rapidly rising with the rise in population and with the changing taste and preference of the customers.

Recommendation- The food industry need to jus focus on the customer needs and preference which will serves as a success ladder for its business The industry need to maintain a flow according to the changing taste of its customer.