Atradius Ireland

Hospitality businesses in Ireland face a "perfect storm" of rising costs and cooling demand. Operation costs have risen by 16% across the sector, with employment costs cited as a key part of the rise. 📈 91% of businesses within the sector state that profitability on food sales had fallen, with more than three quarters have a negative outlook for their trading conditions in the next 12 months. To read more, click here 📌 : https://brnw.ch/21wMHnE #NegativeOutlook #RisingCosts #Hospitality #Atradius

Welcome back to the seventh video in our #ExpertTalks series! 🗣️ 🔗Discover the strategic link between credit insurance and business strategy with our Head of SME, Tanya Giles. Tanya says, "including credit insurance within our business strategy will help inform key decisions that can shape and influence your company's road map to success". If you want to learn more about #CreditInsurance, watch out for our next video in the #ExpertTalks series, or reach out to us 📌: https://brnw.ch/21wMAxQ #BusinessStrategy #Atradius #B2B

Today is #WorldFoodDay! 🥚 According to the Agricultural Science Association (ASA) Ireland is facing a potential decrease in their food-producing farmland, with between 750,000 and one million hectares at risk. 📉 This is a result of new directives and policies, and creates a lot of uncertainty for the future of Irish food production. 🧑🌾 Find out more here 📌 : https://brnw.ch/21wMHmN #FoodProduction #Sector #Atradius

In 2023, the food service industry had a sector value of €9.3 billion, showing a 13% growth from 2022. 📈 The hospitality industry had a sector value of €3.9 billion in 2023. There are more than 16,000 businesses in the sector, primarily dominated by SMEs, with over 200,000 employees spread across the country and a national wage bill of €3 billion. Read more about this sector in the upcoming sector report. 🔎 #FoodService #SectorReport #Atradius

Today is #WorldMentalHealthDay. Here at Atradius, the mental health of our staff is a number one priority. We support our team through a number of initiatives, including having dedicated mental health first aiders, a monthly wellbeing hour for all staff, and an emphasis on fitness through our onsite gym and sports teams. What is one thing you will be doing to support your mental health today? #MentalHealthMatters #Wellbeing #Atradius

Atradius recently attended the Meet the Market Day in Dublin on 3 October! This was an amazing opportunity for networking and connecting with other businesses and those in similar industries. The Atradius stall was filled with insightful information and fun and engaging activities, a great day was had by all that were involved, not to forget the great people and conversations they had on the day! #mtmd2024 #BrokersIreland #Atradius

Rising costs are impacting all sectors, with significant effects on the food service industry. Food costs experienced peak inflation in March 2023, increasing the household annual spending in Ireland by €1000. 📈 Additionally, the industry has faced significant labour shortages, Covid-19 closures underscored the precarious job security for workers who sought employment in other industries. Read more about the food service and hospitality sector in the upcoming sector report. 🔎 #FoodService #Hospitality #SectorReport #Atradius

Welcome back to our #ExpertTalks series! 🗣️ In our sixth video of the series we explain how we unlock growth potential, tune in with our Head of Strategic Accounts, Richard Reynolds to hear all about it! Are you ready top unlock your company's expansion? 📈 Learn why managing credit strategically could be the answer. To read more on how we can help, visit the link in the comments. #Atradius #CreditLimitCover #BusinessGrowth #B2B

Calling all Atradius customers 📣 We are running a webinar on Tuesday the 8 October at 10am for an Introduction to Atradius Flow! Atradius Flow is for users of Microsoft Dynamics, it helps you to streamline your credit insurance processes, enhancing efficiency. 📈 Through this webinar, you will hear experts talk about its seamless integration, enhanced risk mitigation and ability to save you time. Are you interested in finding out more about how Atradius Flow could benefit you and your business? Sign up for FREE here: https://brnw.ch/21wNnpC #AtradiusFlow #Webinar #Atradius

There has been over 200 restaurants and cafes closed in Q1 2024, this is a 146% increase in comparison to Q1 2023. 📈 But while insolvency levels have grown substantially, this is only slightly elevated from pre-pandemic levels of 2019. The majority of closed businesses in the sector do not go through an insolvency process. Read more about the food service and hospitality sector in the upcoming sector report. 🔎 #FoodService #Hospitality #SectorReport #Atradius