scholarly journals Icepac Limited: Strategic Growth Choices for an SME in the Frozen Food Industry

2019 ◽  
Vol 16 (1) ◽  
pp. 86-99
Author(s):  
Shehla R. Arifeen
Keyword(s):  
Small Businesses ◽  
Food Industry ◽  
Small And Medium Enterprises ◽  
Meat Products ◽  
Value Added ◽  
Export Market ◽  
Local Market ◽  
Growth Options ◽  
Frozen Food ◽  
Growth Option

In 2012, Mr Mansoor Arifeen, CEO of Icepac Ltd/Kold Karrier (Pvt.) Ltd, was considering growth options for his small businesses. Icepac Ltd was the first company to provide branded, value-added frozen vegetables and meat products within Pakistan, and from Pakistan to the export market. He had managed to survive in the challenging frozen food industry by diversifying into logistics (Kold Karrier [Pvt.] Ltd) and warehousing (Icepac Ltd). Over the years, Icepac Ltd/Kold Karrier had grown from microbusinesses in 1988–1990 to small and medium enterprises. The majority ownership still rested with Mr Arifeen for both the businesses. He faced two options for growth. Option one was an investment in warehousing and logistics. Option two was to focus on frozen food business, investing heavily in developing the Icepac brand. Option two could be limited to the local market or expanded to the export market. Each of these decisions had its own pros and cons. However, it was a complex decision for him as he had always been emotionally invested in the frozen food business, as frozen vegetables had been the raison d’être for his entrepreneurial venture.

scholarly journals Wartość dodana na wybranych gałęziach polskiego rynku żywnościowego

2018 ◽  
Vol 18(33) (3) ◽  
pp. 187-195
Author(s):  
Marcin Krawczak
Keyword(s):  
Food Industry ◽  
Meat Products ◽  
Value Added ◽  
Added Value ◽  
Poultry Meat ◽  
Sales Volume ◽  
Coefficients Of Variation

The notion of added value is not uniform. Several definitions can be found in the literature. Some of them are presented in this article, along with various methods of its calculation. The analysis of the added-value dynamics was analyzed, where it was found that the most studied branches of the food industry were under the category of "Production of meat products, including products from poultry meat". Next, the share of value added in the sales volume, the share of individual components in the added value itself was determined and the coefficients of variation of these components were calculated and interpreted. In addition, the efficiency in the production of added value per employee was examined, where not only the best performance, but also the fastest improving efficiency in the analyzed period was found in the industry category "Manufacture of grain mill products".

scholarly journals Business response to COVID-19 impact: Effectiveness analysis in South Africa

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Godfred Anakpo ◽  
Syden Mishi
Keyword(s):  
Small Businesses ◽  
Empirical Studies ◽  
Value Added ◽  
Export Market ◽  
Adverse Impact ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Response Measures ◽  
Business Response ◽  
The Impact

Background: Following the outbreak of Coronavirus disease 2019 (COVID-19), many businesses have put out measures to counter the impact of the outbreak and its related reactions from economic actors (individuals, authorities and other businesses) on their business operations. However, nearly no empirical studies or reports have been carried out to investigate the effectiveness of those measures.Aim: This study aimed at examining the effectiveness of business response measures to COVID-19 impact on business outcome.Setting: This study focused on businesses that are value-added tax (VAT) registered.Methods: A cross-sectional survey design was used. The authors applied logistic regression technique to analyse the effectiveness of business response measures on business outcome.Results: The authors found evidence that business responses such as virtual connection, innovative e-commerce and increasing working hours are more effective business responses, whilst decreasing work hours, laying off workers temporarily and ordinary e-commerce are less effective measures against the impact of the outbreak. Furthermore, business characteristics such as industry type (e.g. ‘agriculture, hunting, forestry and fishing’ and ‘electricity, gas and water supply’) are more resilient to COVID-19 shock, whilst pure export market and small businesses, secondary and tertiary, are significantly less resilient.Conclusions: Firstly, the study shows that some business responses are more effective in remediating the adverse impact of COVID-19 and therefore recommends policy intervention and industrial actions to promote them. Secondly, it is also recommended that financial bailout and/or Internet infrastructure and domestic support for small and export businesses could make them more resilient to the adverse impact of the outbreak.

scholarly journals Financial Performance in Thai Food Industry

2018 ◽  
Vol 4 (2) ◽  
pp. 277
Author(s):  
Tanachote Boonvorachote ◽  
Rapeepat Sakulveeraphan
Keyword(s):  
Cost Efficiency ◽  
Food Industry ◽  
Economic Value ◽  
Value Added ◽  
Listed Companies ◽  
Export Market ◽  
Economic Value Added ◽  
Long Run ◽  
Exchange Risk ◽  
Short Run

This paper aims to rank priority on companies’ performance improvement for Thai medium- and large-sized food industry: cost-efficiency seeking and value-added creation. Listed (large-sized) companies of Thai food industry show better performance than non-listed (medium-sized) companies in every measurement dimension, for examples, larger company sizes, higher profitability and lower costs of capitals. In short run, Thai non-listed food companies should aim for seeking cost-efficiency from production and financial cost reduction including foreign exchange risk due to their main sales volumes relying on export market. To enhance companies’ value for Thai listed food companies, companies’ economic value-added increases by fixed asset turnover, profit margin, sales growth, and time interest earned. On the other hand, Average costs of capitals (WACC) are negatively related to economic value-added. The food companies with high EVA will have lower costs of capitals. The listed companies achieve their value enhancing target quite satisfied, while non-listed companies should set this value-enhancing target for their long-run goal Keywords: Economic Value-Added; Cost Efficiency; Thai Food Industry

scholarly journals Pengembangan Usaha Kecil Dan Menengah (UKM) Ikan Hias Melalui Pelatihan Pembuatan Aquarium

2021 ◽  
Vol 4 (2) ◽  
pp. 231
Author(s):  
Akmal Abdullah ◽  
Mauli Kasmi ◽  
Karma Karma ◽  
Ilyas Ilyas
Keyword(s):  
Small And Medium Enterprises ◽  
Ornamental Fish ◽  
Export Market ◽  
Modular System ◽  
Local Market ◽  
Soft Skill ◽  
Fish Products ◽  
Modular Systems ◽  
Alternative Livelihood ◽  
Medium Enterprises

AbstrakTeknologi Inovasi diversifikasi produk ikan hias karang dengan wadah akurium mini resirkulasi tertutup system modular skala komersial sebagai alternatif mata pencaharian masyarakat nelayan. Tujuan Program ini Peningkatan usaha masyarakat nelayan secara ekonomi yang profitable dan meningkatkan keterampilan softskill dan hardskiil tentang bisnis ikan hias dan pembuatan akuarium untuk lebih mandiri. Metodenya adalah mengikuti semua proses kegiatan pelatihan dan pengenalan tentang bisnis ikan hias skala komersial dilanjutkan dengan demonstrasi cara pembuatan aquarium bagi Usaha Kecil dan Menengah dan kelompok nelayan yang menjadi mitra. Hasilnya adalah mampu memahami  tentang kegiatan bisnis ikan hias laut, khususnya pembuatan Teknologi Inovasi diversifikasi produk ikan hias karang dengan wadah akurium mini resirkulasi tertutup system modular skala komersial sebagai alternatif mata pencaharian masyarakat nelayan. Kedua mitra diharapkan dapat bersaing untuk pasar lokal dan selanjutnya ke pasar global atau ekspor. Dengan kegiatan ini terlihat peningkatan ketrampilan pembuatan aquarium skala komersial untuk pasar lokal, dan dapat menjual hasil produksi ikan hias sehingga pendapatan dari Usaha Kecil dan Menengah tersebut lebih meningkat.Kata Kunci : Ikan Hias , Akuarium, Produk, Diversifikasi.AbstractThe Technology Innovation Diversification of Marine Ornamental Fish Products with Akurium Mini Containers Resirkulating Covered Modular System Modular Based Systems As an alternative livelihood of fishermen society. The purpose of this program is increasing the business of economically profitable fishermine society and improving Soft skill and Hard Skiil about the marine ornamental fish business and aquarium making to be more independent. The method is to follow all the process of training activities and the introduction of the commercial scale ornamental fish business continued with demonstrations on how to make aquarium for small and medium enterprises and fishermen groups that are partners. The result is being able to understand the activities of marine ornamental fish businesses, especially the manufacture of innovation technology diversification of coral ornamental fish products with Akurium Mini Containers Closed resirculating modular system modular systems as alternative livelihoods of fishermen society. Both partners are expected to compete for the local market and subsequently to the global or export market. With this activity it appears to increase the skills of making commercial aquarium scale for local markets, and can sell the production of ornamental fish so that the income from small and medium enterprises is increasing.Keywords : Ornamental Fish, Aquarium, Produk, Diversification.

scholarly journals The Role of Agribusiness in Maintenance of Future Rural Employment in Latvia

2013 ◽  
Vol 28 (1) ◽  
pp. 38-47
Author(s):  
Agnese Krievina ◽  
Ieva Leimane ◽  
Andris Miglavs
Keyword(s):  
Agricultural Land ◽  
Labour Productivity ◽  
Value Added ◽  
Food Products ◽  
Export Market ◽  
Local Market ◽  
Rural Space ◽  
Rural Employment ◽  
Agricultural Potential

Abstract Agriculture and manufacture of food products is important source of employment in Latvia. The number of people engaged in agribusiness has considerably decreased over the past years in Latvia. Therefore the paper seeks to analyze the existing situation in utilization of agricultural potential, as well as to evaluate the role of agribusiness potential in maintenance of rural employment in Latvia. The potential is analyzed in the context of the productivity of the persons employed in agribusiness, land use and the self-sufficiency level with the main food products in Latvia. The value added in Latvian agribusiness is very low in comparison with other EU countries, indicating low labour productivity in Latvia. The potential of agricultural land is also not fully utilized in Latvia, which gives basis to consider obtaining of higher agribusiness output in Latvia at the expense of inclusion of additional land resources. The development of the potential of Latvian agribusiness is to be associated with the satisfying of demand for meat in local market and increase in the supply of dairy products on export market. Considering the necessity to reach at least the EU average labour productivity, even the full utilization of agricultural potential is not sufficient for the maintenance of rural employment in Latvia at the level close to current. The decrease in employment in the agribusiness of Latvia cannot be stopped, even more - it is possible that it will continue provoke the decrease also in other sectors of economic activity, namely - sectors of public and private services provided to people in rural space.

Ukraine’s foreign trade in meat and meat products: trends and geographical aspects

2020 ◽  
pp. 48-52
Author(s):  
Olena Lyakhovska
Keyword(s):  
Small Businesses ◽  
Structural Changes ◽  
Raw Materials ◽  
Meat Products ◽  
World Market ◽  
Poultry Meat ◽  
Positive Development ◽  
Meat Production ◽  
Meat Industry ◽  
Geographical Structure

Current trends in meat and meat products exports are considered. The dynamics and structural changes in meat exports by types and degree of processing (beef and veal, pork, poultry, finished meat products) are analyzed. The paper proves that in recent years, only meat and edible poultry by-products have taken a competitive position in the world market. Accordingly, the dynamics of exports of this type of meat is positive, and the share of these products in the structure of exported meat is the largest (86.09%). Possible threats to the growth of import dependence on certain types of meat products, in particular, chilled and frozen beef and veal, pork, are indicated. The rating of the largest countries-importers of meat and meat products (by types) from Ukraine is built, their share in the structure of meat exports is determined. Changes in the geographical structure of exports have been studied, which indicate a low level of diversification of the geography of exports of certain types of meat (pork, beef). At the same time, a positive development of the geographical structure of poultry meat exports (exported to more than 100 countries) was revealed. Problems of the export potential development in the meat industry of Ukraine are revealed. In particular, the problems of livestock development (outdated technologies and production techniques that reduce the efficiency and productivity; inefficiency of the organization of purchase and processing of meat, which leads to reduced breeding in small businesses and households; inefficiency of state incentives, etc.) and industrial meat production (lack of raw materials, obsolescence of fixed assets and production technologies, poorly developed logistics, etc.). The solution of these problems requires: a systematic approach, which will encourage the cooperation of agricultural and industrial production, cooperation with importers of meat products and protection of domestic producers in the domestic and international markets, creating a favorable investment and information environment that will promote the meat industry development.

scholarly journals Valorization of food industry waste and by-products using 3D printing: A study on the development of value-added functional cookies

Future Foods ◽  
2021 ◽  
pp. 100036
Author(s):  
Bhagya Jagadiswaran ◽  
Vishvaa Alagarasan ◽  
Priyadharshini Palanivelu ◽  
Radhika Theagarajan ◽  
J.A. Moses ◽  
...  
Keyword(s):  
3D Printing ◽  
Food Industry ◽  
Value Added ◽  
Industry Waste ◽  
Food Industry Waste ◽  
By Products

scholarly journals Women’s Economic Empowerment in Vietnam: Performance and Constraints of Female-Led Manufacturing SMEs

2021 ◽  
Vol 14 (6) ◽  
pp. 255
Author(s):  
MinhTam Bui ◽  
Trinh Q. Long
Keyword(s):  
Labor Productivity ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Value Added ◽  
Medium Size ◽  
Formal Sector ◽  
Firm Level ◽  
Average Value ◽  
Significant Difference ◽  
Medium Enterprises

This paper identifies whether there was a performance difference among micro, small and medium enterprises (MSMEs) led by men and by women in Vietnam during the period 2005–2013 and aims to provide explanations for the differences, if any, in various performance indicators. The paper adopts a quantitative approach using a firm-level panel dataset in the manufacturing sector in 10 provinces/cities in Vietnam in five waves from 2005 to 2013. Fixed effect models are estimated to examine the influence of firm variables and demographic, human capital characteristics of owners/managers on firms’ value added, labor productivity and employment creation. We found that men led MSMEs did not outperform those led by women on average. Although the average value added was lower for female-led firms in the informal sector, the opposite was true in the formal sector where women tend to lead medium-size firms with higher value added and labor productivity. The performance disparity was more envisaged across levels of formality and less clear from a gender perspective. Moreover, while firms owned by businessmen seemed to create more jobs, firms owned by women had a higher share of female employees. No significant difference in business constraints faced by women and by men was found.

scholarly journals Susceptibility to Enterocins and Lantibiotic Bacteriocins of Biofilm-Forming Enterococci Isolated from Slovak Fermented Meat Products Available on the Market

2020 ◽  
Vol 17 (24) ◽  
pp. 9586
Author(s):  
Andrea Lauková ◽  
Anna Kandričáková ◽  
Eva Bino
Keyword(s):  
Enterococcus Faecalis ◽  
Enterococcus Faecium ◽  
Biofilm Formation ◽  
Food Industry ◽  
Meat Products ◽  
Low Grade ◽  
Enterococcus Hirae ◽  
Conventional Antibiotics ◽  
Enterocin A

This study investigated eight types of Slovak dry fermented meat products (salami and sausages) that are available on the market and were produced by three different producers in different regions of Slovakia. The total counts of enterococci in these products ranged from 2.0 up to 6.0 cfu/g (log10). Three species were identified among the 15 selected enterococcal strains; Enterococcus faecium (8 strains), Enterococcus faecalis (3) and Enterococcus hirae (4). They were hemolysis-negative (γ-hemolysis) with a biofilm-forming ability, which was evaluated as low-grade biofilm formation, susceptible to conventional antibiotics and mainly susceptible to lantibiotic bacteriocins, namely, gallidermin and nisin; they even showed a higher susceptibility to gallidermin than to nisin. They were also susceptible to enterocin–durancin, but most strains showed resistance to enterocin A/P. This study indicated that bacteriocins can play a key role in preventing and/or protecting from undesirable bacterial multiplication or contamination in the food industry and that they have great potential for further experimental applications.

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