Ingredients giant Kerry sees no risk from U.S. election, China trade tension
24/10/2024 10:05
DUBLIN, Oct 24 (Reuters) - Irish food multinational
Kerry Group KYGa.I sees no significant risk to its business
from either the upcoming U.S. elections or trade tensions with
China, Chief Executive Edmond Scanlon said in an interview on
Thursday.
The food and beverage sector is likely to be "pretty immune"
to changes in the regulatory environment and changes in consumer
behaviour in the wake of the Nov. 5 election in the United
States, Kerry's largest market, said Scanlon.
The fact that most of Kerry's sales in China are produced
locally mean that trade restrictions are not a significant risk,
while food and beverages tend to be below the radar in
geopolitical disputes, he added.
(Writing by Conor Humphries; editing by Sarah Young)
((conor.humphries@thomsonreuters.com; +353 1 236 1915;))