Bid to boost supply chain market share

If indigenous firms increase their share of the €80bn supply chain market for the multinational sector then it would generate €500m in added revenue and create 1,000 extra jobs.

Multinationals based in Ireland spend roughly €80bn every year sourcing goods and services, but only €11bn is supplied by domestic companies, which equates to a 14% market share.

Minister for Jobs, Enterprise and Innovation Richard Bruton has announced a jobs strategy aimed at helping to increase this market share to 19%. In a joint strategy between the IDA and Enterprise Ireland, 65 multinationals have been identified that “offer particular potential to Irish companies”.