Download full report with analyst certification and important disclosures
Mar 24 2020, 14:00 GMT
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
A new operating age is about to commence. We predict fundamental changes in how companies are governed — Boards will consider risk with a radically different mindset. Stakeholder models will adjust, with labour models elevated and governments emerging as important stakeholders. A new supply-chain paradigm will demand agility, robustness, localisation and technology-enabled connectivity — a more intense partnership ethos will emerge. We believe model relevancy and durability will command a super-premium in the next equity cycle. We are recommending a basket trade across the structural winners — Kerry, Givaudan and Symrise.