Grocery suppliers fared better than expected despite the economic and political instability last year, according to The Grocer Global Giants Index.

The index, compiled by OC&C Strategy Consultants, showed that the top 50 generated a combined turnover of $900bn - up 9% on the previous year. Sales increased by 8% and the return on capital employed rose from 18.9% to 20.7%.

Martin Deboo, OC&C director, said: “Despite the downturn, companies have demonstrated their ability to create value.”

See this week’s issue of The Grocer for more details.