Irish agri-food firms ‘unprepared’ for post-Brexit price risks

Irish agri-food companies are poorly-prepared for the post-Brexit risks and other challenges they face, according to a report by risk management experts Aon.

Aon’s ‘Food, Agribusiness and Beverage Risk Insights Survey 2016’ report surveyed companies with a combined turnover in excess of €26bn on what they view as their top ten risks.

Some 83% of respondents see volatility of commodity prices as their number one threat; damage to brand and reputation was second; while 58% cite exchange rate fluctuation as a post-Brexit risk. Some 41% of all Irish food exports go into the UK.