GMA-PwC research outlines grocery sector’s economic impact

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Related tags: United states

The food, beverage and consumer products industry directly employed more than 1.7m workers in manufacturing in 2009, according to a new study commissioned by the Grocery Manufacturers Association (GMA).

Carried out by PricewaterhouseCooper (PwC), the study “Economic Impact of the U.S. Grocery Manufacturing Industry,”​ examined grocery manufacturers’ impact on the US economy, including employment, labor income, gross domestic product, and other related sectors of the nation’s economy.

Among its key findings, it found that food and beverage companies alone provided more than 1.5m jobs, or about 13% of all US manufacturing jobs.

“America’s food, beverage and consumer product companies are a major part of the country’s economic engine,”​ said GMA president Pamela Bailey. “In more than 30,000 facilities across the country, our industry is part of the economic backbone of the U.S. economy and provides 300 million Americans and 6 billion people around the world with safe, healthy, convenient and affordable food and consumer products.”

The report is available online at​.

Related topics: Markets

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