Manufacturing News

Coke boss wants less gov’t control but more foreign cash

According to a report on the ABC Rural program this morning, Coca Cola Amatil MD Alison Watkins has said that governments have no place meddling in local food manufacturing.

During a conference held in Sydney, Ms Watkins said she also supported the need for greater foreign investment for food and agribusiness in Australia, instead of government investment.

She quoted the recent ANZ’s Greener Pastures Report, which found Australia could double agricultural exports by 2050 but would need at least $1 trillion worth of investment from both domestic and foreign investors.

She also told the Agribusiness2030 conference that Australia’s supermarket duopoly created a situation whereby suppliers could too easily lose shelf space and find their lines deleted.

At the same time,Ms Watkins noted that she was happy with supermarket support for locally-made products.

“That support’s really critical, and we’re focused on supplying product at the right cost,” she told ABC Rural.

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