This paper makes an up to date measurement of efficiency in the Italian agri-food chain. We gathered and elaborated balance sheets from the “Annual Mediobanca Report” 2001 - 2009 in six sectors: large scale distribution, beverages, dairy products, confectionary, general grocery and other foods. For manufacturing sectors, the figures were aggregated with a weighted average of the turnover of the individual sector. Balance sheets and breakdowns from twenty leading companies were examined in detail. In-depth interviews with top managers were carried out to gather qualitative information. The results can be analysed from both a managerial and an economic point of view. Our elaborations show that from 2001 to 2009, value in the Italian market was evenly distributed along the agri-food chain and there was no evidence of excessive profits. But there were clear signs of sub-optimal competition. Close examination of balance sheets and comparison with international benchmarks reveals that there is ample room to increase productivity and efficiency. Costs along the interface between manufacturers and distribution indicate the existence of a conservative negotiation model, which tends to stabilize performance levels and indirectly consolidate market structure over time. The first signs of change were seen only in 2009.

Channel income statement / Pellegrini, Davide. - (2012).

Channel income statement

PELLEGRINI, Davide
2012-01-01

Abstract

This paper makes an up to date measurement of efficiency in the Italian agri-food chain. We gathered and elaborated balance sheets from the “Annual Mediobanca Report” 2001 - 2009 in six sectors: large scale distribution, beverages, dairy products, confectionary, general grocery and other foods. For manufacturing sectors, the figures were aggregated with a weighted average of the turnover of the individual sector. Balance sheets and breakdowns from twenty leading companies were examined in detail. In-depth interviews with top managers were carried out to gather qualitative information. The results can be analysed from both a managerial and an economic point of view. Our elaborations show that from 2001 to 2009, value in the Italian market was evenly distributed along the agri-food chain and there was no evidence of excessive profits. But there were clear signs of sub-optimal competition. Close examination of balance sheets and comparison with international benchmarks reveals that there is ample room to increase productivity and efficiency. Costs along the interface between manufacturers and distribution indicate the existence of a conservative negotiation model, which tends to stabilize performance levels and indirectly consolidate market structure over time. The first signs of change were seen only in 2009.
2012
9788823842526
Channel income statement / Pellegrini, Davide. - (2012).
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11381/2523066
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