If you want to get global, you'd better get going: in Europe, three years of consolidation are left at best, McKinsey director Johanna Waterous said. "Be afraid. Be very afraid," she warned. According to Waterous, a global superleague has already appeared, with the world's top 10 retailers accounting for 60% of total share value created in the industry in the past five years. Most of this value has amassed on the back of long-term growth expectations, she said. Up to 75% of the share prices of Carrefour, Metro, Wal-Mart and Ahold is based on expansion potential, just 16% on performance. Most fmcg players are not ready to play, Waterous said, and finding the right staff for the new world players is the biggest issue for retailers and manufacturers. {{NEWS }}