SOURCE: Industrial Info Resources

Industrial Info Resources

January 05, 2011 05:10 ET

Packaged Food Makers, Beef & Poultry Processors Expect Good Year in 2011, a "Navigating the Currents of Change" Webcast on

SUGAR LAND, TX--(Marketwire - January 5, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Consumers in North America spent more time and money in grocery stores than restaurants in 2010, and this trend is expected to continue in 2011 as the U.S. continues its slow emergence from recession, Randy Godet, Industrial Info's vice president for research for the Food & Beverage Industry, said in an exclusive "Navigating the Currents of Change" interview.

"Last year was a recovery year for many companies in the Food & Beverage Industry," Godet said. "The recession caused a lot of companies in this industry to cut their capital spending plans. But that certainly is turning around. Many of the food companies that cut back in 2009 grew a bit in 2010, and they are optimistic about the U.S. economy in 2011. They are poised to make more investments in their manufacturing assets to either expand production capacity or relieve capacity constraints."

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