While players in the dairy industry have leveraged growing demographics, Quick service restaurants operators have also employed technological advancements to sustain growth. However, the sectors are faced with challenges which cut across importation, high input costs, and high inflation affecting the cost of production. Although backward integration strategies appear to be the secret weapon shielding the firms from global disruptions and FX volatility, challenges in the domestic environment remain a significant issue. Nonetheless, we expect the backward integration drive to persist and deepen in the near term.
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