date:Sep 25, 2012
at are not making money, said Griffith.
While there have been more mergers and acquisitions this year, there have also been 13% more business failures than during the whole of 2011, according to a recent Grant Thornton report on activity in the sector.
Most have taken place in bakery, dairy or among meat, fish and poultry suppliers.
Unless companies improved their margins they wont be able to invest in essential product innovation, he added.
Youve got to have money to invest in innovation. B