Food & Drink

KPMG's Food & Drink is one of the primary industry sectors within our Consumer Markets practice. We are leaders in serving the entire food and drink value chain: agribusiness, food manufacturing and processing, distribution, and retail trade through stores and restaurants.

In addition, our professionals are committed to devising and helping to implement specific strategies that help our clients attain and maintain a leading role in their markets.

KPMG has the experience to help you manage the challenges you face. Our partners and managers are in the forefront of thought leadership through active participation in industry research initiatives and organizations such as:

• Food Marketing Institute
• Grocery Manufacturers of America
• National Restaurant Association
• MIT -- Supply Chain Research
• DAVOS

Changes in demand for food and beverage products are driving a need for convenience, simplicity, variety, and value. Our services focus on the key trends and issues affecting the food and beverage industry, including:

• High Quality and Value Pricing
• Shareholder Value
• Healthy Foods and Ingredients, Including Meal Supplements and Foods that Provide Specific Performance Benefits
• Freshness and Food Safety (Produce, Meats, Fish, Bakery)
• Home Meal Replacement and Other Solutions Selling
• Multi-Channel Shopping
• E-commerce (E-Tax strategies, Supply Chain Management, and Global Exchanges)
• Mergers & Acquisitions, including Post-Merger Integration

Success Stories: How Our Services Can Provide Benefit

A major global food company wanted to reengineer its headquarters' finance and accounting operations to shift focus to value-added activities. The company sought to dramatically improve the level of customer service provided to finance internal customers while significantly lowering costs. KPMG implemented business process reengineering in client teams and focused on the accounting close reporting, accounts payable, and budgeting. As a result, KPMG developed process improvement recommendations and is currently developing implementation plans.