Sales of Australian food business have been growing both in value and volume for several years. For example, in 2017 there was over 70 recorded sale transactions. From the perspective of the seller the most valuable sales resulted from where the owner seller had pioneered extensive product innovation prior to sale. Value came from creating new niche products that fitted with the buyer’s own growth plans.
One of our most recent contributors to our Insight series on improving value in Food & Beverage business is Tom Kime. As well as being a prolific international food writer with and TV presenter, Tom inspires food companies to create new food ranges. He then leads new product development to deliver vibrant contemporary global flavours. Toms believes, “to be better personally and professionally, to grow, you’ve got to be brave, you’ve got to be innovative, you’ve got to get creative.”