Home » »

Owners of Food Industry Businesses Showing Improved Outlook ...

Source: www.ipasbrb.com
Topic: Food Industry

Sort Desciption: Plans for increased hiring drive improved food industry confidence index ... The second quarter 2007 Food Industry Small Business Confidence Index (SBCI) ...

Content Inside: Owners of Food Industry Businesses Showing Improved Outlook Despite Concerns About Economy, Revenue During Next 12 Months SBRB Reports Plans for increased hiring drive improved food industry confidence index says SBRB report prepared in conjunction with International Profit Associates. NORTHFIELD, IL (June 18, 2007) – Owners of food industry companies are more positive about prospects for their companies during the next 12 months despite concerns about the economy and lower revenue projections according to the latest Small Business Research Board (SBRB) report issued here today. The second quarter 2007 Food Industry Small Business Confidence Index (SBCI) was 40.3 or an increase of 2.27 points from the first quarter according to the latest SBRB report issued here today co-sponsored by International Profit Associates (IPA). The current industry SBCI is lower than the SBCI of 46 reported for all U.S. small businesses. The confidence expressed by owners in the industry is identical to that of the manufacturing industry, but lower than the 48 recorded by the construction and contracting industry for the same period. The higher food industry SBCI resulted entirely from plans for increased hiring over the next 12 months. A full 40% of the respondents indicated they will increase hiring compared to 24.4% that were prepared to make that commitment during the first quarter. Respondents said they were prepared to add staff despite showing a slight drop in their opinion about the strength of the economy and reduced revenue expectations. The SBRB report indicated 33% of the respondents believe the economy will improve over the next 12 months, a decline from the 34.6% the previous quarter. As for revenue predictions, 48% are projecting improvement in sales versus 55.1% during the first quarter. “Looking ahead, the food industry will need to make certain that strong cost controls and employee training programs are part of their operating recipe otherwise own ...

Click to download Owners of Food Industry Businesses Showing Improved Outlook ...


Related PDF Files:

» CASE STUDY: Australia's Halal Food Industry

Host: www.diversityaustralia.gov.au

The wider Halal food industry in Australia has now adopted ... in the Halal food production industry, the Australian food industry — ...

Filed under Food Industry | 109 Downloads

» Food Politics Blames Industry for Obesity Epidemic

Host: www.foodpolitics.com

Food Politics: How the Food Industry Influences Nutrition and Health ... her comparison of the food industry with the tobacco industry. She accuses food ...

Filed under Food Industry | 35 Downloads

» Food Industry Liability Shield Laws: Counter-Arguments Below are ...

Host: www.phaionline.org

Argument: “We need to protect our industry from abusive, frivolous lawsuits and prevent. the food industry from being held responsible for the complex issue ...

Filed under Food Industry | 24 Downloads

Search


Partner

Download PDF