GLOBAL: Invest to stop battle for raw materials, firms told
Businesses and governments must do more to address looming shortages in raw materials, such as water and crops, in emerging markets, according to a new report on global risk.
Volatile commodity prices and competition for resources are singled out as two major threats to stability in emerging markets in the Global Risks 2010 report, published today (14 January) by the World Economic Forum (WEF) and leading insurance firms.
"We are facing an increase in world population to 9.1bn by 2050, which will require a 70% increase in food production," Raj Singh, chief risk officer at Swiss Re, told a press conference on the report in London today (14 January).
"This is a creeping risk that is coming upon us. It is a very important area to look at," said Singh.
He said that more partnerships between business and government are needed to invest in agriculture, water resources and infrastructure in developing countries.
A case study on India, published by the WEF last year, revealed that current consumption patterns suggest there will be a 40% shortfall in water supply and demand in the country by 2030.
Multinational drinks companies are increasngly large users of water and other raw materials in developing markets, such as India, China and parts of Africa, as they look to expand sales there.
The rise of the world's large emerging markets, Brazil, Russia, India, China and Mexico - or BRICM to give them their popular acronym - has been especially significant for the drinks industry. With it...
While most of the alcoholic and non-alcoholic beverages produced in Brazil are consumed domestically, the exception is the juice sector. Brazil is one of the world's top three producers of tropical fr...
India's drinks industry was not harmed badly by the recession, with domestic sales of soft drinks and juice production all growing steadily throughout 2009, according to a recent Euromonitor report. I...
Given the fast-growing domestic consumption of branded drinks, Chinese beverage manufacturers are racing to expand their production....
According to the US Department of Agriculture (USDA), about 70% of the 2.5bn litres of fruit and vegetable juices sold in Mexico in 2009 were produced domestically. Mexico exported US$266.99m worth of...
- Interview Berry Bros & Rudd CEO Dan Jago - Part I
- The threat of excess choice in beer is over-stated
- Key trends for the beer category in 2017 - Focus
- Key trends for the spirits sector in 2017 - Focus
- Key trends for the alcohol category in 2017
- Pernod Ricard's Method and Madness Irish whiskey
- Premium to counter mainstream in gin - research
- Bacardi lines up Canadian bottling plant closure
- Pernod unveils new St Patrick's Day Jameson bottle
- Wm Grant names Victor Jerez business director
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global gin insights - market forecasts, product innovation and consumer trends