Almost Everything You Buy At The Grocery Store Is Made By One Of These 6 Companies

Almost Everything You Buy At The Grocery Store Is Made By One Of These 6 Companies

LIBBY KANE YOUR MONEY  JUN. 2, 2014, 10:19 PM

The array of products and packaging at the grocery store can be dizzying.

But when you follow the money, there aren’t as many choices as you might think.

2013 report by consumer rights group Food and Water Watch found that no matter how many brands appear on the shelves, your dollars are going to the same few parent companies.

Monoliths including Kraft, PepsiCo, ConAgra Foods, Nestle, General Mills, and Campbell Soup Co. control more than their share of the market: Among 100 grocery categories, Food and Water Watch found that a handful of the largest companies control an average of 63.3% of the sales. In 32 of those categories, 75% of the sales were controlled by four or fewer companies.

The report concludes that the average consumer is powerless against the companies controlling the grocery market, and that since the beginning of the Great Recession, grocery prices have risen up to twice as fast as inflation.

infographic-food-monopoly-2-1

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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