May 16/New York/PRNewswire -- Senior financial executives of global food and beverage companies expect to achieve improved financial performance in 2011, but foresee difficulty in sustaining profit margins and increasing market share, according to a survey by KPMG International.
In the KPMG survey of 138 food and beverage executives, 20% expect "significant increases" in financial performance this year versus last, and 58% are expecting "some increase." Only 11% expect a decline in performance. This optimistic view is a result of a noteworthy increase in consumer demand. In fact, 30% said they have already seen a sustained increase in demand for their company's products and services since the economic slowdown, with 44% expecting the increase in 2011, and 20% in 2012 or later.