The Future of Food Chains

The food-store sector also proved to be relatively unfazed by the outbreak of Covid-19, showcasing its resilience and robust performance. This re-affirmed the strength of the sector, with Supermarket performance also being lesser effect during the global financial crisis than its retail counterparts.

ALL RETAIL - ANNUALISED

30

20

10

0

-30

-20

-10

Mar 2001

Jun 2002

Sep 2003

Dec 2004

Mar 2006

Jun 2007

Sep 2008

Dec 2009

Mar 2011

Jun 2012

Sep 2013

Dec 2014

Mar 2016

Jun 2017

Sep 2018

Dec 2019

Mar 2021

June 2022

Income Return Market Rental Value Growth

Equivalent Yield Impact

Total Return

Source: MSCI, 2023

ALL SUPERMARKETS - ANNUALISED

Mar 2001

Jun 2002

Sep 2003

Dec 2004

Mar 2006

Jun 2007

Sep 2008

Dec 2009

Mar 2011

Jun 2012

Sep 2013

Dec 2014

Mar 2016

Jun 2017

Sep 2018

Dec 2019

Mar 2021

June 2022

Income Return Market Rental Value Growth

Equivalent Yield Impact

Total Return

Source: MSCI, 2023

53 FUTURE OF FOOD CHAIN |

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