Partner Interview
Published May 23, 2023
Markel Food Group
inpractise.com/articles/markel-as-an-owner-and-the-structure-of-markel-food-group
Executive Bio
Former Vice President at Markel Food Group
Interview Transcript
Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.
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Could you explain the problem you're solving for the customer?
Automated equipment standardizes products, whereas semi-automated or manual processes can lead to variations that the market may or may not accept. As Latin American consumers look for higher-end products, they seek standardization.
This is a snippet of the transcript.to get full access.
Could you explain the problem you're solving for the customer?
Traditionally, in the States and Europe, supermarkets may account for 80% to 85% of grocery sales, in Latin America, depending on the country, it was more around 40% to 45% of the market.
This is a snippet of the transcript.to get full access.
Got it.
In a manual process, to make 3,000 loaves per hour, you might need 20 or 25 people. In an automated process, you only need three or four.
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