ICELAND’S FOOD SECTOR STRUGGLES WITH INPUT PRICE HIKES, BUT EXPORTERS PROSPER FROM WEAK CURRENCY
November 1st, 2009
BY GERARD O'DWYER
THE EXODUS of the McDonald's restaurant franchise from Iceland may have captured the international headlines. But the rest of the island nation's food sector and 300 production companies face a great deal of change, uncertainty, debt financing challenges and initiatives driven by cost-reduction imperatives, particularly small to medium-sized enterprises.
However, and unlike the domestic food retailing market which is mainly dependent on expensive imports, Iceland's food exporters have largely been cushioned against the full weight of the ...
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