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The economic recovery in emerging market economies is expected to continue strengthening in 2018 and these markets could present opportunities for business.
Average payment duration in the food sector is 40 days, and the amount of payment delays and insolvencies remains low compared to other Dutch industries.
As food processors and retailers demand longer payment terms from their suppliers, a wave of longer payment terms is being created along the supply chain.
The outlook for food exports remains positive, with further demand growth from overseas expected, due to the strong reputation of “Made in Italy” food.
Key challenges for food retailers are the increasingly competitive market environment and the very high wage pressure, which is diminishing profit margins.