Over half of Irish food and drink SMEs anticipate sales drop in 2020

New research from Love Irish Food found that a third of its SME member brands expect sales to fall steeply (by more than 15%) in 2020, while 54% believe their sales value will be down overall.

According to research fro Love Food, 51% of Irish Food and Drink SMEs say they are currently experiencing greater short-term cash requirements than in 2019. 

More than half of Irish food and drink small and medium-sized enterprises (SMEs) are anticipating a decline in sales revenues this year due to ongoing impact of Covid-19.

A Love Irish Food survey has found that a third of its SME member brands expect sales to fall steeply (by more than 15%) in 2020, while 54% believe their sales value will be down overall.