Irish food firms must adapt to global trends

REPORTS that Tesco in Britain grabbed half of the new retail space that became available in 2006 is further evidence of the growing reach of this retail giant.

Rival firm Asda complained this was bad for competition, which was a bit ironic given its parent, Wal-Mart, is the largest retailer in the world with sales of over €232 billion. This is almost equal to the combined turnover of the next four global retailers combined.

This behemoth is also one of the biggest, if not the biggest employers on the globe with a workforce totalling over 1.8 million.