At last week's Consumer Analysts Group of New York's annual food, beverage and tobacco stock conference, General Mills reaffirmed its commitment to achieving double-digit growth and outlined broad growth goals for the next decade. General Mills chief Steve Sanger identified three powerful trends that are expected to present challenges and growth opportunities for food companies: 1) increasing consumer demand for ever-more convenient food products; 2) the transformation of food retail channels, from the consolidation of traditional grocers to the emergence of Internet grocery services; and 3) the advances of medical science and nutrition technology, which hold the promise of helping consumers choose foods they enjoy that also benefit their health.