Business Portfolio and Acquisition Strategy
Industry
An attractive niche
Megatrends support organic growth:
...health & wellness ... middle class boom & urbanization
sustainability ... traceability ... vegetarian food ...
naturalness &
symrise
Industry tied to population growth and
disposable income; little dependence on cyclical,
economic trends.
High market concentration - top 4 players with ~47%.
Global footprint key to meet local tastes & preferences.
'Sweet spot' in value chain: only a small fraction of product costs (1-5%), but a key buying criteria.
Sustainability & supply chain management increasingly important.
High barriers to entry e.g. core list system and
increasing regulatory pressure.
Tailor-made products with generally small volumes and decreasing product life cycles.
Handling complexity for our clients. Managing ~10,000 raw materials
for~30,000 products.
Short-term visibility.
CO
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