€1 billion in liquidity measures available for SMEs €180m Sustaining Enterprise Fund launched
Supplied by FEA - Foodservice Equipment Association UK: These updates we published on 7th April 2020. To save looking through them here is a summary of the key areas covered in practical advice for employers:- Bord Bia is making every effort to address the immediate industry challenges of Covid-19 and equip the food and drinks sector to navigate the economic impact. In time, when the immediate and severe impacts of Covid-19 have abated, food and drink companies must start planning for a post Covid-19 future. This is a key aspect of Navigating Change and Bord Bia will provide member companies with the specific supports throughout this crisis – bespoke to each phase so they can adapt to new market conditions; recover and reset. To address this uncertainty, and as businesses begin to emerge from the immediate crisis and plan ahead, Bord Bia is providing business with vital resources and insights including; Financial advisor Eoin McGee gives notable advice on possible pitfalls of the wage subsidy scheme for certain employees. In certain cases temporary layoff may be the better choice to avoid employees facing tax bills later in the year or early 2021.. The European Federation of Food Equipment Manufacturers (EFCEM) is the only Commercial Kitchen Equipment Group represented in Brussels by Orgalim, the highly respected voice of the European Electrical and Mechanical Engineering Industries. The Federation, of which IFSA is a member is active in the formulation of standards for the industry and through its meetings seeks to identify and act on issues of common interest. Q1 2020 newsletter now published.. The results of the European COVID-19 business impact survey conducted by EFCEM have now been published. Click HERE to download. Roisin O'Shea, head of Food & Drink sector for Bank of Ireland has put together a checklist of best practice for food and foodservice busniesses in these challenging times. Speaking to thinkbusiness.ie, she outlined that the importance of the food industry to national wellbeing has been underlined by the priority given food workers and grocery retail in the current situation. Ireland is fortunate in being one of the most food -secure countries in the world – second overall in a recent survey of 133 countries. “Allocate time to plan for what a post-Covid-19 world will look like” While the sector as a whole has not been affected as severely as industries such as hospitality or tourism, nonetheless food companies have had to adapt to the new reality and take steps to ensure the survival of their businesses. Here is a checklist of best practice for food businesses during the Covid-19 crisis: The latest Exchequer figures from the Department of Finance show that total tax revenues for the first quarter of 2020 were €800m lower than expectations. This was mainly due to forbearance measures announced by Revenue in response to the outbreak of Covid-19. In this article, IGD takes a step by step look at how UK foodservice operators are coping with the today’s unprecedented situation, and what this might mean for tomorrow’s hospitality sector. Initial response: pivot to takeaway and delivery Initially, most of major UK food-to-go and casual dining chains announced plans to stay open and offset some of the loss in dine-in revenues by offering takeaway and delivery. Many pubs and smaller independent businesses followed suit. This seemed a sensible solution at the time as demand for prepared foods is likely to remain high during the crisis, particularly when shoppers may find it hard to get some ingredients from supermarkets, and amongst time-poor key workers. Bord Bia understanding podcast - post-COVID-19 lockdown - food industry insights from China2/4/2020
The Bord Bia Bulletin contains information, insights and analysis on areas of critical importance in the food and drink industry during Covid-19.
This video podcast will leverage insight from Bord Bia’s network of 15 international offices to take a closer look at what’s happening in each market coping with market disruption and supply chain demands during the pandemic. |
Archives
March 2024
|