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WASHINGTON -- The Grocery Manufacturers Association here said yesterday that it has selected New York-based PricewaterhouseCoopers' (PwC) Consumer & Retail Practice Group to conduct the trade group's tenth annual "Financial Performance Report" of the CPG industry.
"GMA chose PwC because their plan came closest to our interests and included a separate analysis of several trends responsible for shaping our industry, which will help better manage expectations in our marketplace," said GMA group v.p. of industry affairs and membership Stephen Sibert in a statement. "This analysis is expected to go beyond our original scope of work and truly illustrate the value our member companies bring to the health of the economy."
The report analyzes in depth some of the financial trends having an effect on the CPG industry. PwC will gather its data from the same survey participants and data sources as in previous years to spotlight comparative trends. This year's report will additionally include a new financial overview of the economic impact of the CPG industry. It will be released in the fall, and subsequent studies will continue to be issued yearly.
GMA represents the world's leading branded food, beverage and consumer products companies. The association's member companies employ over 2.5 million workers in all 50 states and account for more than $680 billion in sales.