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International Sustainable Business: Food Retailing - Essay Example
Pages 8 (2008 words)
A Brief Introduction on Global Food Retailing Industry Introduction In recent times, food retailing industry with the emergence of different supermarkets and hypermarkets has gained global eminence. Though, the emergence of this era started long back after 1950s…
In order to attract the food shoppers a combination of music and comfortable environment around the shopping complex were used. A fair price tag with all the food products also contributed to the greater attraction of such food retailing complex. This model is even followed today. The food retailing supermarkets also helped the shoppers to select and pick the products before purchasing through prior inspection. This paved the way of global retail food super markets. The present global food retailing markets are dominated by Wal-Mart, Tesco, Metro AG and many others. From this successful concept of the western food retailing industry the East also got impressed and started to follow the footsteps regarding the same. Singapore is considered as one of the leaders in food retailing industry as far as the eastern world is concerned. After Singapore, a similar concept was followed in China, Japan, Malaysia and Thailand. In recent times the food retailing industry has also penetrated the Indian market and flourishing rapidly. (Anand & Nambiar, n.d., pp.1-5; Clapp & Fuchs, 2009, pp.32-33) Major Market Players and Market Scenario: Presently the major global players of food retailing industry are from Europe and US. Wal-Mart as mentioned earlier is the leader of the pack whereas Carrefour is the biggest of the European contenders and second to Wal-Mart. ...
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