First Person: Mark Bair, president and CEO,
Americas (T Hasegawa)
P&F: What have been the main
drivers of the company’s U.S.
business over this past year?
Bair: Here in the United States
our business continues to be
driven by the savory segment
of the flavor category. Our
customers are focused on
innovation which requires new
flavors to create differentiation
and consumer appeal.
P&F: How have ingredient costs and regulations impacted
the business and results?
Bair: The regulatory environment continues to become
more complex and demanding - especially in terms of the
global marketplace and differences among countries.
It requires us to stay current and knowledgeable about
changing regulations and to anticipate regulatory changes
that are on the horizon.
P&F: Are you expecting to make any acquisitions? How is
consolidation impacting your business?
Bair: There is no doubt that consolidation will continue to
occur within our industry. As part of a global enterprise
celebrating its 110th anniversary in 2013, we continue
to be well positioned to meet the evolving needs of our
customers in the food and beverage industry well into the
P&F: In what areas do you expect to see growth for the
company going forward?
Bair: We expect the beverage category will continue to
grow through innovation, and we intend to contribute to
innovation through our flavor offerings. At the same time,
we will continue to apply our flavor expertise to savory
flavor customers and to serving the needs of growing
category segments within this space.
P&F: What is your outlook for 2013–2015?
Bair: Our outlook for 2013–2015 for the flavor business is
optimistic. Consumer demand for culinary-inspired flavors,
cross-over flavors from various regions of the world
and artisanal flavors will continue to grow in food and
beverage offerings. This trend, combined with our ability to
meet those needs through superior flavor delivery, bodes
well for future growth.
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