The threat of a strike by longshoremen at 15 ports on the US East Coast, which would have likely increased shipping costs, has been temporarily averted, according to Global Development & Management LLC, which helps petfood manufacturers establish export markets.
The International Longshoremen's Association and the Maritime Alliance agreed to extend the current contract until January 28, 2013. The major issue, royalties paid to longshoremen based on cargo weight, was resolved.
The mid-year meeting addressed several regulatory matters affecting petfoods
It gives more direct control to CVM in establishing and maintaining ingredient definitions
Public meetings invited comments and provided updates
Now is the time for packagers, producers, marketers and manufacturers to capitalize on the traveling with pets trend
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
While petfood shoppers continue to show strong brand loyalty, pet products have not been immune to the store brand swing
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