Cost inflation ranked as top threat to growth in Irish food sector

A PwC survey administered in conjunction with Love Irish Food found that more than 75% of SMEs do not think the economy will improve over the next year

From left: Kieran Rumley, executive director of Love Irish Food, Owen McFeely, director of PwC’s retail and consumer practice division and Mary Sadlier, chief executive of Coole Swan and a director of Love Irish Food

More than 75 per cent of Irish SMEs think the Irish economy will not improve in the coming year and 42 per cent believe it will decline. Just 24 per cent, meanwhile, think the Irish economy will improve, down from 65 per cent in 2021.

This year’s Irish SME Food Barometer, compiled by PwC in conjunction with Love Irish Food, the promotional body, found that more than half (52 per cent) of 68 different ...