date:Jul 10, 2012
the adverse economic climate, with discretionary income having declined for the past three years.
New behaviours
Consumers were learning new behaviours, he said, such as reducing wastage, shopping around for deals, cooking from scratch and trading down. They would not necessarily abandon those habits when the economy picks up.
For suppliers[manufacturers], this is a new industry to the one of the past 30 years. Their customers are less profitable and therefore less powerful.
Supplier invest