Singapore Food & Beverage Industry 1H13

It also covers the key market trends, service and hygience standards, expansion strategies, F&B manpower trends and market outlook, plus the profile, comparative matrix and SWOT analysis of the industry leading players: Fraser and Neave Limited (F&N), Asia Pacific Breweries Limited (APB), Olam International Limited (OLAM), Petra Foods Limited (Petra Foods), and Food Empire Holdings Limited (FEH).

Executive Summary

Singapore’s food and beverage (F&B) services industry contributed approximately SGD 11.98bn or 3.5% to the country’s total GDP in 2012. On a per capita basis, Singapore has the highest food consumption levels in Southeast Asia, accounting for 3% of GDP. Due to limited domestic agricultural production and rapid urbanisation, the country imports more than 90% of its food products, particularly from other Asian countries. Imports of F&B account for over 8% of GDP in 2012.

Expenditure on F&B has grown steadily in Singapore, with market value expanding from around SGD 9bn in 2007 to SGD 12bn in 2012. The rise in the number of working women, growing middle class population and the surge in disposable income were the main drivers of this growth.

Going forward, the country’s F&B industry is expected to witness robust growth thanks to highly promising per capita consumption growth. Food retail, which currently represents 40% of the total retail spending in Singapore, is expected to increase due to higher incomes and rising visitor arrivals.

Table of content: >

1. Industry profile
1.1 Market overview
1.2 Market size and structure
1.2.1 Expenditure on F&B
1.3 Trade
1.4 Manufacturing
1.5 Consumption
1.6 Prices
1.7 Regulations
2. Market trends and outlook
2.1 Key trends
2.2 Service & hygiene standards
2.3 Expansion strategies
2.4 F&B manpower trends
2.5 Market outlook
3. Leading players and comparative matrix
3.1 Leading players
3.1.1 Fraser and Neave Limited (F&N)
3.1.2 Asia Pacific Breweries Limited (APB)
3.1.3 Olam International Limited (OLAM)
3.1.4 Petra Foods Limited (Petra Foods)
3.1.5 Food Empire Holdings Limited (FEH)
3.2 Comparative matrix
3.3 SWOT analysis

4. Tables and Charts

Table 1: Key indicators of F&B industry
Table 2: Establishments, operating receipts and value added in 2011
Table 3: Main business costs of F&B industry
Table 4: Per capita consumption of food commodities in Singapore (2006-2011)
Table 5: Singapore key economic indicators (2010-2013)
Table 6: F&N five-year financial highlights
Table 7: APB five-year financial highlights
Table 8: OLAM five-year financial highlights
Table 9: Petra Foods five-year financial highlights
Table 10: FEH five-year financial highlights
Table 11: Selected peer comparison of key financial ratios

Chart 1: Food & beverage industry contribution to the national GDP (at current price) (2007-2012)
Chart 2: Singapore’s demographics (2007-2012)
Chart 3: Singapore’s GDP per capita at current market prices (2007-2012)
Chart 4: F&B market value and expenditure per capita (2007-2012)
Chart 5: Expenditure on food, beverages and tobacco (2007-2012)
Chart 6: Imports of F&B products (2007-2012)
Chart 7: Exports of F&B products (2007-2012)
Chart 8: Manufacturing output of food, beverages and tobacco (2006-2011)
Chart 9: Industrial Production Index (2011=100) (2006-2012)
Chart 10: Weights of major expenditure groups in the CPI
Chart 11: Consumer Price Index: Food (2009=100) (2006-2012)
Chart 12: Food & Beverage Services Index (FBSI) at current prices (2010=100) (2006-2012)
Chart 13: F&N revenue breakdown in FY/2012
Chart 14: APB revenue by geographical regions in FY/2012
Chart 15: OLAM net contribution by business segment (FY/2011 vs. FY/2012)
Chart 16: Petra Foods revenue by geographic breakdown in FY/2012
Chart 17: FEH revenue by geographical regions in FY/2012
Chart 18: FEH revenue by product group in FY/2012

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How Does a Photographer fit Into the Music industry Company

There are many jobs in the music industry that do not directly involve the music its self. Look at the CD cover and the liner photos. That was most likely not done by the engineer or the producer. Nine out of ten times it was a professional photographer that took those images and then retouched them to make them the best that they could be.

He is not truly a musician and yet the photographer is employer in the music business, as a music industry professional.

Lots of things in and around the music business revolve around a photo or a photographer. Think of all the events that go on in the music world. The live shows, the awards shows, public appearances, recording dates. What is one thing that you can almost positively plan on seeing at every place a music event is happening? A camera with a photographer attached to the other end of it.

So photographers actually play a huge part in the music industry company. Without them there to record the things going on no one would have any way of seeing the changes that are actually happening to the artists. Lets face it; its amazing how people change when they get money. A certain Disney Diva went from a rather flat chest and some pre-pubescent funky teeth to a cosmetically nice looking late teen / early twentys look almost overnight. Without the cameras we might never have known.

But seriously, places like the various freelance places on the Internet and ones that target the music industry specifically make it fairly easy for the photographers out there that want to become involved in this portion of the industry to actually hook up with the people that are willing to give them money to use those God given talents taking pictures that will serve the music world.

What you, as a photographer, need to do is do what you can to get a portfolio of work that might be relevant to a music industry company. Go out and shoot a few local bands at some shows to give a feel for your style. Offer to help the groups out with the CD projects and even the other promo material that they need. As long as they use your information associated with that work it could easily get other bands wanting to actually pay you to do that for them and you can build up a portfolio of things to show other industry people when you approach them looking for work.

Organic Industry Watchdog FDA Food Safety Rules Threaten to Crush the Good Food Movement

September 19, 2013 FOR IMMEDIATE RELEASE Contact: Mark Kastel, 608-625-2042

Organic Industry Watchdog: FDA Food Safety Rules Threaten to Crush the Good Food Movement

New Report Suggests Proposed Rules Could Drive the Nation’s Safest and Best Farmers Out of Business

http://www.cornucopia.org/2013/09/fda-food-safety-rules-threaten-crush-good-food-movement/ CORNUCOPIA, WI: After years of deliberation in Congress, interagency meetings, lobbyist activity, and a never-ending stream of food poisoning outbreaks, the Food and Drug Administration (FDA) is finally poised to implement the Food Safety Modernization Act (FSMA).

However, according to a just released white paper by The Cornucopia Institute at http://www.cornucopia.org/FoodSafety/, the FDA’s draft rules are so off the mark that they might economically crush the country’s safest farmers while ignoring the root threats to human health: manure contaminated with deadly infectious pathogens generated on “factory” livestock farms and high-risk produce-processing practices.

-In response to deadly outbreaks involving spinach, peanut butter and eggs, Congress acted decisively three years ago to pass the Food Safety Modernization Act,” said Mark A. Kastel, Codirector at The Cornucopia Institute, a farm policy research group based in Wisconsin. “Better oversight is needed but it looks like regulators and corporate agribusiness lobbyists are simultaneously using the FSMA to crush competition from the organic and local farming movement.”

Cornucopia’s report closely examines the FDA’s draft regulations (http://www.fda.gov/Food/guidanceregulation/FSMA/ucm334114.htm) for implementing the new food safety law, and a new FDA guidance (http://www.fda.gov/Food/GuidanceRegulation/GuidanceDocumentsRegulatoryInformation/Eggs/ucm360028) designed to control Salmonella in eggs produced by outdoor flocks. The report concludes that the new proposals would ensnare some of the country’s safest family farmers in costly and burdensome regulations in a misdirected attempt to rein in abuses that are mostly emanating from industrial-scale farms and giant agribusiness food-processing facilities.

Family farm advocates, and groups representing consumers interested in high-quality food, thought they had won a victory when the Tester/Hagan amendment was adopted by Congress exempting farmers doing less than $500,000 in business from the new rules. But Cornucopia’s report suggests the FDA seems more interested in a “one-size-fits-all” approach to food safety regulation.

In reality, the report suggests that small farms are not really exempt. The FDA is proposing that the agency can, without any due process, almost immediately force small farms to comply with the same expensive testing and record-keeping requirements as factory farms.

“In practical terms,” explains Judith McGeary, a member of The Cornucopia Institute’s policy advisory panel and Executive Director of the Farm and Ranch Freedom Alliance, “the FDA will be able to target small farms one-by-one and put them out of business, with little to no recourse for the farmers.”

The FDA’s economic analysis also shows that farms over $500,000 (still small in the produce industry) will be significantly impacted with some being driven out of business.

“The added expense and record-keeping time will potentially force many small and medium-sized local farms – owner-operated, selling at farmers markets directly to consumers or to local grocers and natural food co-ops – out of business,” Kastel added.

The Institute’s analysis points out that the FDA has wildly inflated the number of foodborne illnesses that originate from farm production (seed to harvest rather than contamination that occurs later in processing and distribution).

It also alleges that the FDA has failed to recognize that specific processed crops such as fresh-cut, or produce grown in certain regions are the genesis of 90% of dangerous outbreaks in fruits and vegetables. In addition to imports from countries like Mexico, where the most recent Taylor Farms Cyclospora outbreak (http://www.nytimes.com/2013/08/30/business/taylor-farms-big-food-supplier-grapples-with-frequent-recalls.html?_r=0) originated, the evidence indicates that fresh-cut bagged/boxed salad mix and greens, other pre-cut vegetables and sprouts are much more prone to contamination.

“The proposed rule is a mess,” said Daniel Cohen, owner of Maccabee Seed Company, a longtime industry observer. “The FDA has much greater expertise on food safety issues from harvest to the consumer, but focused instead on farming issues from planting to harvest. Limited, modest, and more focused steps to improve on-farm food-safety could have produced simple, affordable, effective, and enforceable regulation.”

According to Cornucopia, the most important lost opportunity in the collaborative process between Congress, the FDA and the USDA is the lack of attention directed at the giant concentrated animal feeding operations, or CAFOs (factory farms) raising livestock. The massive amount of manure stored at these factory farms is commonly tainted by highly infectious bacteria that have been polluting America’s air, water and farmlands.

“Federal regulators propose nothing to address sick livestock in animal factories and their pathogen-laden manure that is contaminating surrounding rural communities, nearby produce farms and our food supply,” Kastel lamented.

No More Organic Eggs?

The 2010 salmonella outbreak in eggs, centered in Iowa, shone a spotlight on industrial-scale egg houses confining thousands of hens in filthy and dangerous conditions.

The salmonella outbreak led to comprehensive regulation and new guidance for organic farmers. Organic farmers are required by federal law to provide outdoor access to their hens and the new FDA guidance, according to Cornucopia, materially undermines this management practice. And they are doing this despite scientific evidence tying higher rates of pathogenic contamination to older, massive factory farms with cages and forced molting (practices banned in organics) rather than raising birds outside.

“Their new guidance, on one hand, will make it difficult, expensive and maybe even impossible to have medium-sized flocks of birds outside,” Kastel stated. “At the same time, the FDA has colluded with the USDA’s National Organic Program to say that tiny ‘porches’, which hold only a minute fraction of the flock, will now legally constitute ‘outdoor access.’ This is a giveaway to conventional egg companies that are confining as many as 100,000 birds in a building and calling these ‘organic.'”

The Cornucopia Institute has publicly stated that they are investigating legal action against regulators if enforcement action is not taken, under the Organic Foods Production Act (http://www.ams.usda.gov/AMSv1.0/getfile?dDocName=STELPRDC50603700), against the large industrial operations confining laying hens and broilers indoors.

The issue of food safety in Washington has been a contentious one, causing rifts even between nonprofits representing the interest of consumers and family farm organizations that have been historically aligned in support of organic and local food. Some consumer advocates pressed for no exemptions, even as farm policy experts have supplied evidence indicating smaller, family-operated farms are inherently safer.

“Only an idiot would not be concerned with food safety,” said Tom Willey, a Madera, California, organic vegetable producer and longtime organic advocate.

Added Willey: “The antibiotic resistant and increasingly virulent organisms contaminating produce, from time to time, are mutant creatures introduced into the larger environment from confined industrial animal operations across the American countryside. The FDA’s misguided approach could derail achievements in biological agriculture and a greater promise of food made safe through respect for and cooperation with the microbial community which owns and operates this planet upon which we are merely guests.”

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The Cornucopia Institute is a nonprofit organization engaged in research and educational activities supporting the ecological principles and economic wisdom underlying sustainable and organic agriculture. Through research and investigations on agricultural and food issues, The Cornucopia Institute provides needed information to family farmers, consumers, stakeholders involved in the good food movement, and the media.