Artem Belov: competition in the market will lead to consolidation of retail players

The speaker noted that in the context of interaction between the Federal retail and regional business it is not quite correct to distinguish separate categories; the trends are approximately the same for both the dairy enterprise and the meat processing company.

Commenting on the results of the research, Belov focused his attention on the attitude to the amendments to the Law on trade.

- I was very surprised by the figures concerning the attitude to the changes in the Law on trade of entrepreneurs. We have argued so much about it, launched positive processes, discussions, and as a result, 60% of business believes that there is no effect and another 20% of respondents found it difficult to answer. I would like to draw attention to this rather interesting figure, – the expert explained.

In general, the situation in the food market will change significantly, especially under the condition of turbulent income and demand, says Artem Belov.

- The competition will increase and lead to the consolidation of players in retail – it will grow, Federal networks and local networks will merge,– and at the market of suppliers. I predict that in the dairy industry in the next few years we will see processes that will allow us to create serious competitive businesses. The Federal retail has its own requirements for suppliers, not all local manufacturers are ready to meet them, so local manufacturers will change. This will positively contribute to the emergence of strong manufacturers, brands, networks on the local market", the speaker concluded.

Earlier, we wrote that according to the Center for social design "Platform" the future of retail is technology.

Read full article in Russian on DairyNews.ru