FDBusiness.com

Huge Potential For Irish Food and Drink Industry But Significant Barriers Remain For SMEs

 Breaking News
  • Lidl Becomes the UK’s Seventh Largest Supermarket The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks ending 13 August 2017, show Lidl has increased its market share to a new record high of 5.2% – up 0.7 percentage points year on year – to become the UK’s seventh largest grocer. Fraser McKevitt, head of retailer and consumer insight at [...]...
  • 2 Sisters Plans Investment in Welsh Plant Britain’s biggest food manufacturer, 2 Sisters Food Group, has announced plans to expand supply from its Welsh processing facility in Merthyr Tydfil. The £1.4 million investment in the beef and sheep plant will be spent on modernising the beef boning hall and improving efficiency, quality and process control. Ranjit Singh, chief executive of 2 Sisters Food [...]...
  • Towards a Fairer Food Supply Chain – European Commission Asks For Input The European Commission is launching an EU-wide public consultation on how to make the EU food supply chain fairer. Farmers, citizens and other interested parties are invited to share their views on the functioning of the food supply chain through an online consultation that runs until 17 November. There are indications that the added value [...]...
  • Bord Bia Leads First Irish Presence at Japan International Seafood & Technology Expo Bord Bia (Irish Food Board) and Irish seafood exporters will exhibit for the first time at Japan International Seafood and Technology Expo in Tokyo  determined that its extensive market insight and promotion activity in South East Asia will lead to new business opportunities. The Bord Bia seafood strategy of expanding into emerging markets and maintaining its strong position in [...]...
  • New Video Guide to WCB Universal Twin Screw Pumps SPX FLOW is committed to providing excellent support and ensuring customers get the most from their equipment. As part of this regime, a series of maintenance videos have been created which provide clear, step-by-step guides to the correct maintenance procedures for SPX FLOW pumps, valves and other products. Properly maintaining equipment is an essential part [...]...
  • World’s Most Modern Snack Plant Begins Operations in Finland The world’s most modern dairy snack plant has commenced operation at Valio Riihimäki in Southern Finland. The snack plant is the largest single investment in Valio’s history. Construction of the new snack plant began in 2014 and took about three years. The area of the plant building is approximately 20,000 square metres. The plant is [...]...

Huge Potential For Irish Food and Drink Industry But Significant Barriers Remain For SMEs

Huge Potential For Irish Food and Drink Industry But Significant Barriers Remain For SMEs
September 10
21:40 2014

The export-focused Irish food and drink industry has a solid foundation for growth but barriers remain for indigenous small and medium sized manufacturers, according to Michael Carey (pictured), chairman of Bord Bia. With Eur10 billion of exports annually and rising, the industry is a key contributor to Ireland’s economic recovery.

As a food and drink production base Ireland’s success is based in three key factors. Its mild climate gives it a competitive edge in terms of high quality and natural food production with a low carbon footprint. Indeed, Bord Bia’s ongoing ‘Origin Green’ campaign is being successful in promoting Ireland as a world leader in sustainably produced food and drink products.

The Irish food and drink industry has also developed a number of world class food businesses with outstanding management teams such as Kerry Group and Glanbia.

The third factor supporting the continued growth of the industry is a cohesive Government development plan supported by all stakeholders, with State agencies such as Bord Bia, Enterprise Ireland and Teagasc, working well together.

“The scale of opportunities facing us as an industry is beyond our dreams,” said Michael Carey when addressing the ‘Innovation for Sustainable Growth’ Conference and Exhibition held on Wednesday, September 10th at the Aviva Stadium in Dublin.

Indeed, the growth potential of the Irish food and drink industry is attracting increasing levels of foreign direct inward investment.

However, there are significant barriers to growth for indigenous SMEs. “The biggest single issue is lack of scale and fragmentation,” he pointed out. “Lack of access to finance is also still a barrier.”

To overcome the lack of scale amongst SMEs, Bord Bia has been actively supporting the principle of ‘co-opetition’, where food companies work together to create synergies resulting in cost savings, improved returns and reputation, and increased market distribution.

In addition to his role at Bord Bia, Michael Carey is currently Executive Chairman of The Company of Food, which offers a diverse combination of food industry strategic, commercial, branding and operating experience, and partners with companies to help them develop focused revenue and profit growth strategies.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements