January 14, 2021 8:24 am
Grant Thornton has highlighted the “resilience of the Irish food industry” following the publication of Bord Bia’s Export Performance and Prospects 2020/21 report.
Commenting following the publication of the report yesterday (Wednesday, January 13), Padraig Ryan, director in business consulting at Grant Thornton Ireland, said:
“The report by Bord Bia [yesterday] demonstrates the resilience of the Irish food industry in tough market conditions.
Covid-19 created unprecedented trading conditions but many Irish food businesses were able to adapt quickly and work with the entire supply chain to ensure continuity of supply.
“The closure of the food services industry and many on-premise enterprises for significant proportions of the year has had a significant negative impact on certain sectors.
Irish businesses hope to grow in markets abroad in spite of Brexit
Written by Robert McHugh, on 17th Dec 2020. Posted in General
Irish businesses are optimistic about growing their market reach abroad in the coming 12 months in spite of ongoing concerns around Brexit.
This is according to a new report commisioned by Grant Thornton which surveyed 10,000 mid-market businesses globally across 29 economies, including Ireland, in in the second half of 2020. The figures are based on survey of 64 Irish businesses for Grant Thornton Ireland.
The research shows that almost a third (31%) of Irish businesses expect to grow their exports in the coming 12 months while just 9% of businesses surveyed said they expected their exports to decrease. In addition, 27% of businesses expect to grow their revenue from non-domestic markets with 16% of businesses also expecting to increase the number of non-domestic markets they sell to.