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Presentation

Food innovation in SMEs

Key Takeaways

Food sector in Europe: Largest manufacturing sector within the EU

Innovation and food: Orientated towards encouraging new ideas and fostering innovative employees

Even though the rate of incremental innovation is much higher than that with radical innovations, food SMEs in Europe also do undertake radical innovations

Product, process and packaging innovations: Include packaging innovation, as packaging plays a significant role in consumer behaviour

Although European food SMEs have a high level of engagement with food innovation, they have a relatively low level of commitment to investing significant resources in marketing

Relatively low level of engagement in partnering or strategic alliances with potential for significant improvement resulting in measurable knock-on benefits for companies

Food innovation consultants

At Farrelly Mitchell, we offer targeted consulting services that bridge the gap between ambition and execution. Our expertise in business planning and strategy & execution empowers smallholders & SMEs to navigate the challenges of resource allocation and access to finance, fostering an environment where food innovation thrives.

Furthermore, through our dedicated market linkages & value addition services, we provide SMEs the support needed to engage in collaborative ventures that drive growth and differentiation, boost nutrition & food security, and foster resilient and sustainable food production. Contact us today to learn more.

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Download our Food & beverage Presentation

Innovation in food SMEs

Author

sean@initiate.ie

Senior Consultant
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