Most food SMEs seeing sales declines

Over half of Love Irish Food’s SME members say they are currently experiencing greater short-term cash requirements than in 2019. File image

More than half of Irish food-and-drink SMEs are anticipating a decline in sales revenues this year due to the 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 — or by more than 15% — in 2020, while 54% believe their sales value will be down overall.