u.s. food service: opportunities and challenges of fisheries …€¦ · future bric meat...
TRANSCRIPT
U.S. Food Service:Opportunities and Challenges
of Fisheries Globalization
Roger BingDarden Restaurants, USA
Roger BingDarden Restaurants, United States
• Roger Bing is vice president of purchasing for Darden Restaurants, the world’s largest full‐service dining restaurant company. He formerly served as senior director of seafood purchasing for the company, where he has expressed pride in working with producers in developing countries to improve their practices and raise their standards of living.
• Before joining Darden, Bing spent a good part of his career in Australasia, Europe and Africa with Union International Pty., an integrated global primary protein production and marketing company.
• He received a bachelor of science degree from the University of Wisconsin in Madison and has held numerous leadership positions with industry organizations.
Agenda
• State of the U.S. Foodservice Industry
• Drivers of Globalization
• Emerging Markets– US Foodservice perspective
– Challenges / Opportunities
• Conclusion
The Five Largest Economies in 2050 Measured in GDP nominal (millions of USD)
Source: Goldman Sachs
World Beef Production and Trade(Growing as Standards of Living Improve)
105000
107000
109000
111000
113000
115000
117000
119000
121000
2001 2002 2003 2004 2005 2006 200710000
11000
12000
13000
14000
15000
16000
17000
Production Export Trade
Million Pounds Million Pounds
World beef trade is 13.6 % of world production
Production Export Trade
Future BRIC Meat Consumption
220,000
222,000
224,000
226,000
228,000
230,000
232,000
234,000
236,000
238,000
240,000
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Millions of Pou
nds
Year
Projected Consumption
Current Consumption
Source: FAO consumption data and Bureau of Labor Statistics population projectionsStarting consumption at 70.9 lbs/person/year and population growth of 0.7%/year.
Production gap of nearly 15 billion pounds
http://www.salmonfacts.org/feedc.html
Country Maize Yields 2006‐2010
Dr. Sanders, University of Southern IL
Future of Seafood?•FANTASTIC . . . . . . Because:
– Demand will increase
– Infrastructure will advance
— Aquaculture Standards will address environmental and sustainable issues
– Aquaculture Supply will expand to meet demand
Growing worldwide seafood demand makes Growing worldwide seafood demand makes responsible aquaculture responsible aquaculture essentialessential to providing to providing supply and protecting the sustainability of the supply and protecting the sustainability of the
oceans.oceans.
Future of Foodservice?•TREMENDOUS . . . . . . Because:
– Demand will increase– New markets will evolve— Consolidation will provide healthy business environment for survivors
– Technology will advance to meet new operational demands
Growing worldwide affluent lifestyle changes Growing worldwide affluent lifestyle changes provides foodservice growth provides foodservice growth
Globalization…““It has been said that arguing It has been said that arguing against globalization is like arguing against globalization is like arguing against the laws of gravityagainst the laws of gravity””
Kofi Annan (Ghanaian diplomat, seventh secretary general of the UN, 2001 Nobel Peace Prize recipient)