Fifty-nine percent of food, drink & consumer goods companies are currently undertaking or have completed at least one major transformation in the past three years1, according to a recent report by KPMG. While this rate of change seems astounding, it is not entirely shocking given all of the disruption occurring in the industry. From the dramatic rise of digital content and platforms to the shift in consumer preferences centered around health and wellness, the industry already looks very different today than it did just a few years ago.
The rapid pace of change is a significant challenge for many food and beverage companies. Couple that with the fact that many of these major transformations require some degree of capital investment and suddenly staying afloat amid waves of change becomes increasingly more complex.
There is a way to make capital investments more palatable during a time of transformational change: by turning to lease-financing.
As reported by KPMG, companies with a strong change management capability are nearly twice as likely to outperform less-focused peers in their ability to meet their strategic goals, stay on time, and stay on budget1. As you consider all angles for your change management plan, be cognizant to include a strategy for handling resulting capital investments.
Facing transformative change is complex enough – allow us to help with capital investments along the way. At First American, we are helping food and beverage companies achieve their growth goals amid this disruptive landscape through creative financing solutions. Visit our website to learn more: http://www.fafoodandbeverage.com/Services/Equipment-Financing
1 An Industry Disrupted: Surviving the Change Challenge, KPMG, 2015