The future of the agribusiness, food & beverage sector in Australia has great potential.
Policy and investment to support growth and take the ‘Australian Made’ label to new parts of the world provides the right framework. However, closed borders and workforce challenges, and the complex issue of supply chain resilience in the face of unexpected lockdowns has the potential to derail the timelines. Our experts work with some of the nation’s most innovative and exciting brands from across the wide array of the agribusiness, food & beverage sector to take advantage of opportunities and respond to change.
Top trends in Agribusiness, Food & Beverage
Issues impacting businesses in Agribusiness, Food & Beverage
A particularly attractive sector for investors
Despite the numerous lockdowns throughout the COVID-19 pandemic, the essential nature of the Agribusiness, Food & Beverage sector has seen diversification and growth opportunities for many of the market participants. With 1,014 global transactions for the sector from 1 July 2020 to 30 June 2021 (1,104 long-term average), Agribusiness, Food & Beverage has shown its resilience and proven itself as a particularly attractive sector for investors.
Making the most of your smarts
The Modern Manufacturing Initiative prioritises the food & beverage sector as an area of strength we can cultivate on the world stage. But look closely, and the increase in production is underpinned by investments in technology to increase efficiencies, promote sustainability, reduce waste and better understand your customer. It’s not as daunting an exercise as you might think – our experience is that this sector has untapped sources of data, and the germs of technological innovation already at their fingertips.
Targeting existing and new export markets
To achieve the growth targets we’ve set ourselves for both the agribusiness and food & beverage sectors, we must look at increasing our presence in existing markets and opening up new ones. We know the ASEAN region is a prime opportunity for growth with growing populations and discerning palates and the newly updated EMDG can support that trajectory. However, we should look further afield as well. The recent FTA agreed in principle with the UK in particular benefits our livestock producers and also provides an opportunity for reciprocal movement of skills between Australia and the UK.
R&D and commercialising the next great idea
Australia has a long history of innovation in the agribusiness, food & beverage space, investing in 'better for you' foods and alternatives to the market. However, we know going from concept to commercialisation can be a tricky process. The support and incentives are there, and our experts in Innovation Incentives understand the nuances to make the system work for you.
We cut through the complexity of compliance
Why is the Australian agribusiness, food & beverage sector so well respected? Because we have stringent requirements around quality and safety. That bar continues to rise as your business grows. Director duties are becoming more complex to cover issues like ESG and cyber security. Export provides an additional level compliance based on the unique requirements for each jurisdiction you operate in. Whether it’s tax, audit or risk, we cut through the compliance and complexity.
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Grants and concessions to kickstart growth
Grants and concessions on offer paint a helpful picture of where the policy-makers see value and growth opportunity. The agribusiness, food & beverage sector is high up on that list and benefits from both State and Federal support. Grants released by governments are very often highly competitive. Being grant-ready will increase your odds of accessing this government funding.Learn more about accessing government funding
Listen to Tony Pititto, National Head of Agribusiness, Food & Beverage, talk about trends in the sector right now.
Creating business opportunities through grant program
Opportunities to grow
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