Those who remember physics lessons will know nature abhors a vacuum. The same is true of business - and a political vacuum is exactly what we have after a rudderless UK ejected itself from Europe, sending the markets into a tailspin not seen since the global recession.
For the globe’s biggest fmcg players, the economic and political chaos unleased by Brexit could hardly have come at a worse time as the industry has stumbled to its weakest post-recession level of growth.
The OC&C Strategy Consultants/Grocer Global 50 rankings reveal headline growth fell to just 2.3% last year from 3.5% in 2014, and Brexit only adds another hefty obstacle on the road to recovery.
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