INDUSTRY SURVEY 30% OF EXECUTIVES SURVEYED expect to add a new production line within the year. What are among your BIGGEST CONCERNS in 2020? Lack of skilled workforce Food safety Changing consumer attitudes Labor costs Energy & raw material costs Global economic conditions Regulatory/legislative concerns Multi-channel distribution impact Global competition Decreasing profitability Consolidation (M&As) Capital constraints Flat or declining sales Increasing interest rates Biosecurity 14 PET FOOD PROCESSING | 2019 | www.petfoodprocessing.net 47% 39% 35% 30% 26% 26% 26% 23% 19% 16% 16% 14% 5% 2% 2% Growth from existing product lines is key to driving revenue. ©auris - stock.adobe.com Nearly one third of respondents (30%) plan to add a new production line within the year. Major expansions of existing facilities are on tap for 24% of companies and a few (17%) have plans for a new facility, either through construction or purchasing an existing structure. The other side of the coin The continued growth of the US pet food market is good news for industry processors, but a more competitive retail landscape has accompanied thathttp://www.petfoodprocessing.net