Mexico Food & Drink Q3 2019
Competition between Walmex and Amazon will take centre stage over the coming years, as Amazon moves into thegrocery space and lowers prices. Walmex has responded by putting pressure on suppliers, but this will inevitably result in price wars,expansion into the online space and other innovation. This should benefit Mexican consumers through lower prices. Combined witha more positive outlook for consumer finances over the next five years, this will result in higher food expenditure. Rising remittanceinflows from the US, and solid economic growth and improved consumer confidence, will also boost food and drink spendingprospects over the year ahead. Bottled water, food staples, premium beer and spirits, and grocery e-commerce will presentopportunities over the coming years, as well as other healthier and higher quality products.
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