Most Australian food companies currently struggling: David Williams explains why

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Kidder Williams Managing Director David Williams says cost-of-living pressures rather than supermarket price gouging is the reason many Australian food companies are struggling at the moment.
The former investment banker who has been behind many of Australia’s biggest food deals sat down with Sky News Australia Business Editor Ross Greenwood to discuss whether the food industry and farmers need an inquiry into supermarkets and their pricing practices.
“Most Australian food companies at the moment are struggling, but they are not struggling primarily because of the supermarkets,” Mr Williams said.
“They are struggling because of the cost of freight, they are struggling because of the cost of power, they are struggling because of access to labour, and the cost of labour and so forth.
“Depending on who you are it could be the cost of milk from the farmer."

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8 мар 2024

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Комментарии : 61

@user-fv5ms4sz8e 4 месяца назад

The struggle is from man-made shortages that manipulate prices. It has very little to do with operation costs, it has more to do with a great deal of grains and beef being sold to China, making availability tight locally, which creates a supply and demand crisis, which causes food prices to inflate. China has about half the world's food surpluses in storage and they are buying more, strategically to create inflation, which they know will damage economies around the world. I'd bet a big mound of gold, this is all by design.

@oldbloke204 4 месяца назад

They import more because they need it and to maybe prepare for shortages that may occur for a number of reasons. I suspect that creating inflation has little to do with it tbh as they have more than enough to worry about with their own economy atm.

@WallsendChook 4 месяца назад

I thought the hoarding was a conspiracy theory regarding war.

@darylephillips6778 4 месяца назад

Look over there it is your shadow o be so scared 😂 😂

@nevillewran4083 4 месяца назад

Didn't a recent consumer investigation, as well as 4 Corners, find the big supermarkets were price gouging?

@johnwoodrow8769 4 месяца назад

4 Corners FFS, a left-wing media arm of the current Labor government helping gaslight consumers that current government policies are not the cause of ever-increasing food prices. Like why anyone would think that massively increasing energy costs would have an impact on food prices, don't be silly.

@Hentai-Semite 4 месяца назад

Goes beyond that. They want us to eat bugs and Gates fake sh!tmeat.

@briananderson7285 4 месяца назад

Check out the big 4 banks profits.

@MrDive2010 3 месяца назад

Believe none of what u hear, half of what u read and some of what u see. Anything ABC related is easily in the none to half basket.

@chopperking007 4 месяца назад

We desperately need cheap power and fuel....what is labor doing about it ? NOTHING FFS

@LovelyLass-nb8op 4 месяца назад

All caused by Labor, high petrol, etc

@nathanmcgrath9038 4 месяца назад

Exactly

@tomjones5338 4 месяца назад

They say albosleezy is inlove with his hand so he beats it LoL 🤣🤣🤣🤣🤣

@WallsendChook 4 месяца назад

100 b/m

@MrDive2010 3 месяца назад

Thanks Ross for doing that interview.

@Dash829 4 месяца назад

Oranges are out of date on our shelves, so is sweet potato and other vegetables. I wouldn’t feed it to my cattle little alone my family 🤌🤌

@nathanmcgrath9038 4 месяца назад

Exactly right its not the markets. It's the labour governments stupid taxes on fossil fuels. Desiel is expensive so it cost more to freight food and goods refrigeration and lighting cost well you can blame labour for that to by shutting down all the power stations 👍

@peterburke8650 4 месяца назад

Cheap energy is the key. Climate change is a fashion that is about to end.

@benjigray8690 3 месяца назад

Ah, Fashion. During the 60's "flower power" posters were everywhere, and untolds of young folks wore clothes with flowers patterns on them, that was the fashion. And then Sir Edmond Hillary made "Climb it" popular, and oodles of folks died in an attempt to climb it. Around the year 1818 both Captain Parry and William Scoresby, whilst searching for the elusif North West passage, noted that the Geographical maps of Greenland needed to be updated, and kept Sir Joseph Banks informed about the disappearing sea ice, Not many folks travelled that part of the world,so most folks paid fuck all attention to it. And today, some Panic merchants are blaming a can of aerosol or my smokie ol' chain saw for the disappearing sea ice. Mother nature is busy at work making huge changes, that Albo sleasie, and Jenny Pong could only wet dream about.

@bellejardins7915 4 месяца назад

From the Westgate Freeway driving into Melbourne today, I saw a sign on a factory: “Vegemite. Made here. Spread everywhere.” I felt proud to be an Aussie. 🇦🇺😊

@Martin_Priesthood 4 месяца назад

All the "innovations" have not reflected in final consumer price

@geneLYH 4 месяца назад

Enjoyed this. What a likeable and knowledgeable person.

@waynegerman6633 4 месяца назад

So true

@lesleyosborne9319 4 месяца назад

FOLLOW the MONEY. Black Rock and Vanguard 2 HUGE INTERNATIONAL Companies OWN MOST of the SHARES. THEY DONT CARE.

@andersdottir1111 4 месяца назад

Most food companies are making sub-par food - biscuits for example are all disgusting; far too much sugar and few natural ingredients. I haven’t purchased biscuits in over 10 years.

@M77982 4 месяца назад

Sounds like David is going in to bat for the "BigGuy"

@LovelyLass-nb8op 4 месяца назад

Investment banking was the clue

@aussiefox2000 4 месяца назад

And all the profits go off shore.

@omgitsabloodyandroid5161 4 месяца назад

In Thailand, where I live, you can buy Vegemite & Marmite. Easy to get. I like both

@anneloving8405 4 месяца назад

Dont worry,I think we will have a lot of export markets open up soon

@frenchlessonsaustralia8431 4 месяца назад

More new supermarket in Australia more competition will bring prices down

@johncorlett3699 4 месяца назад

all about money

@MickAngelhere 4 месяца назад

The two main supermarkets are the ones who are making life difficult for those who supply them as they the price well below what it cost to the suppliers to make the product. That and the Federal and State governments greed in selling off our energy resources and infrastructure to the highest bidder, thus creating a deliberate shortage of resources

@johnwoodrow8769 4 месяца назад

So your advocating the stores lift their prices, and pay that extra to the farmers. That'll go down well with customers.

@user-ul3rp2ev3j 4 месяца назад

Great listening to a great tribal elder, can see through the shit

@normanmazlin6741 4 месяца назад

Everyone has a bottle of vegemite in the cupboard, but it lasts for a year.

@dericofdorking 4 месяца назад

Way longer than a year

@petesmitt 4 месяца назад

@@dericofdorking Not mine; buy a large tub every month.

@oldtimers6460 4 месяца назад

If the big food chains take over the farms it means the farmers will move away and food production will drop as the people will not have the skills or the ambition to make it a great success. Lose the Farmers watch prices rise .

@lukei6255 4 месяца назад

I guess the only thing australians are doing is packing imported products and saying proudly australian owned 😂

@darylephillips6778 4 месяца назад

BS with the inflated prices these companies are charging they are rolling in money. It like say Coles is going broke 😂 😂

@johnwoodrow8769 4 месяца назад

Coles is actually a lousy performer. It's exactly why Westfarmers recently sold it, because it was a constant drag on Westfarmers performance and share price.

@nevillewran4083 4 месяца назад

Woolies 6 monthly profit figures, $1.62 billion August last year, $929 million February 2024.

@tilapiadave3234 4 месяца назад

Excellent for share holders ,, mums and dads of Australia

@nevillewran4083 4 месяца назад

@@tilapiadave3234 Many large corporations and a handful of passive retail investors. I'd still hate to be making profits by making it impossible for families to afford bread.

@johnwoodrow8769 4 месяца назад

And you point is exactly WHAT? Woolworths is actually quite a mediocre performer, and over the past decade or so their share price has been quite a poor performer. P.S. Accounting lesson 101 for you, no charge. Profit of itself means NOTHING. You need to look at the Return on Investment (ROI). If you earned $1 million profit from you company, sound impressive don't it. But what if you'd invested $1 Billion in 'things' to generate that $1 Million. Be a TERRIBLE return. Your welcome!

@tilapiadave3234 4 месяца назад

@@johnwoodrow8769 John your narcissism is shining through. I most certainly do not require a lesson from you. If you require me to educate you I am happy to do so at $250 per hour. I'm happy with my Commonwealth Bank shares ,, purchased at $4.15 a long time back. you failed to give me that advice :)

@nevillewran4083 4 месяца назад

@@johnwoodrow8769 What's my point? You should watch the video is a good point. Woolies doing well when food companies aren't is a point. Mediocre performer, _you_ claim... to what point? Compared to what? Relevancy lesson to you, no charge. If your rather off-topic post was pointed at tilapiadave, I point out you didn't address them.

@runnyhunny786 4 месяца назад

With an aim of eventually creating mass starvation...

@francesfalla1473 4 месяца назад

You are both disconnected from the truth

@Lifeperhour94 4 месяца назад

David Williams is so disconnected from reality it isn’t even funny.

@M77982 4 месяца назад

Exactly

@geoffcohen613 4 месяца назад

The food industry is worth Over 10Billion and an industry the government should be supporting, not destroying.

@johnwoodrow8769 4 месяца назад

So your definition of "disconnected from reality" is not trying to gaslight people by repeating the false current government line that escalating food prices are due to 'corporate greed' and NOTHING to do with woke climate extremist policies massively driving up energy costs.