TROY, Mich. – A new survey released Wednesday shows that many in the food industry are concerned with the current economic turmoil, with most expecting foodservice and the meat industry to be most negatively impacted.
Clear Seas Research of Troy, Mich. reported that 44 percent of those surveyed expected a moderate impact of the credit crisis on their own companies, with 30 percent expecting a great impact. A majority of respondents said their companies’ daily working capital will decline because of the crisis.