An increasing amount of food that has been imported from foreign food companies is sold at supermarkets. I think this is happening owing to the huge demand coming from local consumers, but this is also coming at a huge price.
One and main reason why imported food items are sold at an increasing rate is that people simply want to purchase them. This is because of the fact that imported foods come with high quality and wide ranging options, and they are sold by producers who can invest heavily in advertising them. This is not challenging for these sellers as they enjoy a larger budget as opposed to local food producers who fail in taking such actions, thus, attracting consumers.
Supermarket shelves that are designed for imported foods are quickly becoming empty each day, which can be beneficial. For example, people are offered with high living standards due to the above mentioned benefits. Also, competition from foreign food producers encourages the local ones to strive in order to stay and thrive in the food market. They may lack the budget in this case, but can take bank loans with tax incentives.
However, there is a single but detrimental drawback that cannot be overlooked: despite having enough financial support from the government, local food producers are still likely to declare bankruptcy in most cases. This is because they cannot stand against giant food and beverage companies, such as Nestle and Coca-Cola, apparently the biggest food manufactures with a larger budget and many years of experience. As the result of this, the unemployment rate will rocket, taking a huge economic toll on the country.
Obviously, supermarkets are catering for the needs of local consumers, but they are also posing a huge threat to local food companies
An increasing amount of
food
that has been
imported
from foreign
food
companies
is sold
at supermarkets. I
think
this is happening owing to the
huge
demand coming from
local
consumers,
but
this is
also
coming at a
huge
price.
One and main reason why
imported
food
items
are sold
at an increasing rate is that
people
simply
want to
purchase
them. This is
because of the fact that
imported
foods
come
with high quality and
wide ranging
options, and they
are sold
by
producers
who can invest
heavily
in advertising them. This is not challenging for these sellers as they enjoy a larger budget as opposed to
local
food
producers
who fail in taking such actions,
thus
, attracting consumers.
Supermarket shelves that
are designed
for
imported
foods
are
quickly
becoming empty each day, which can be beneficial.
For example
,
people
are offered
with high living standards due to the above mentioned benefits.
Also
, competition from foreign
food
producers
encourages the
local
ones to strive in order to stay and thrive in the
food
market. They may lack the budget
in this case
,
but
can take bank loans with tax incentives.
However
, there is a single
but
detrimental drawback that cannot
be overlooked
: despite having
enough
financial support from the
government
,
local
food
producers
are
still
likely to declare bankruptcy
in most cases
. This is
because
they cannot stand against giant
food
and beverage
companies
, such as Nestle and Coca-Cola,
apparently
the biggest
food
manufactures with a larger budget and
many
years of experience. As the result of this, the unemployment rate will rocket, taking a
huge
economic toll on the country.
Obviously
, supermarkets are catering for the needs of
local
consumers,
but
they are
also
posing a
huge
threat to
local
food
companies