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Displaying items by tag: New Markets

Uncertainty in global markets, energy and supply chain issues and skills shortages were among the top challenges cited by exporters ahead of Enterprise Ireland's International Markets Week.

As RTE News highlighted, 600 EI client companies are expected to take part in 1,800 export focused one-to-one engagements with Enterprise Ireland Market Advisors at the event which will happen in-person this year for the first time since 2019.

A survey of client companies in advance of the event found that 84% plan to enter new export markets over the next year with over 90% saying they expected to grow their exports, despite ongoing market uncertainty and concerns around as supply chains, energy costs and inflation.

Around three in five said their export sales had increased this year while around a third said they had remained stable.

For around two thirds of companies, growing their overseas market presence was their biggest priority for the year ahead.

Of those planning to enter new markets next year, one-third said North America was the priority destination for them in 2023, with 27% prioritising Europe and one-in-five citing the UK (see, EI's trade visit last year to Port of Liverpool /region). 

Click here for further reading on the trade and export story.  

Published in Ports & Shipping

Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.