Welcome to our Food and AgriBusiness Report 2020
This report is based on the insights provided by 190 owner-managers of food and agribusinesses from across Ireland
6 out of 10 SMEs utilised one or more of the Covid-19 supports;
the Temporary Wage Subsidy Scheme was utilised by 39% of businesses.
Are Irish SMEs Worried about Brexit?
Only 48% of SMEs believe they are prepared for Brexit. Almost 1 in 5 are not prepared at all
Optimism levels have dropped to a 3-year low;
51% of businesses reported a decline in turnover up from 19% in 2019
9 out of 10 businesses intend to maintain or grow employee numbers over the next year
34% of food businesses see sustainable packaging as the top trend impacting their food business;
when dealing with climate change 71% are purchasing sustainable packaging and reducing use of plastic, 78% are managing waste and by-products, 61% are working with environmentally conscious suppliers and 56% are investing in energy-saving initiatives.
Nearly one-third of respondents would consider selling their business in the next 5 years
a 60% increase on the 2019 figure
A third of businesses have tried to access bank finance in the past 12 months with 87% succeeding
2% of businesses are funded by
re-investing profits
6 Out Of 10 Irish Food & AgriBusiness SMEs using Covid supports
In the midst of Covid-19 and with Brexit around the corner, our 2020 Food and AgriBusiness Report explores the latest trends, concerns, and goals for Irish food and agribusiness SMEs in 2020.
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Download the 2020 Ifac Food & AgriBusiness Report
This report is based on in-depth research conducted by Amárach Research. The findings are clear and reveal the current sentiment of Ireland's food and agribusiness sectors straight from the industry leaders.
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Download the key findings of the ifac 2020 Food & AgriBusiness Report covering industry trends, sustainability, and how Covid-19 and Brexit have affected optimism levels. #ifacReport
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Download the 2019 ifac Food & AgriBusiness Report
This report is based on in-depth research conducted by Amárach Research in 2019. See how the findings from 2019 compare with the 2020 Report.
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At ifac, we use our financial expertise and sectoral knowledge to support and help drive growth throughout this sector. We believe our annual Food and AgriBusiness Report is packed with timely advice for SMEs to help plan the way forward for their businesses. Taking the time to plan how your business will evolve and grow is worthwhile and will make a sustained difference to your future
David Leydon, Head of Food & AgriBusiness
