INTERNATIONAL TRADE / ACCESSING NEW MARKETS


The Q1 survey asked business about their engagement with international policy and trade agreements and whether these are influencers of strategy and decision making, 50% of responding businesses indicated their proactive engagement, with 34% indicating no influence.

 

“We encourage businesses to increase engagement with EU policy and Trade Agreements especially in light of Brexit. Internationalisation outside of the UK is key and as a nation we are now acutely aware of the benefits to strong and diverse markets. CETA, the EU trade agreement between the EU and Canada is an excellent example of offering cuts in tariffs and making it less cumbersome to export goods and services."

Katherine Fitzpatrick, Director of International Relations

 


INTERNATIONAL TRADE / ACCESSING NEW MARKETS

The first economic trends survey of 2019 reports on member experiences during January, February and March. This quarterly survey gathers information across a range of metrics to assess business confidence, the operating landscape, skills and the overall perspectives of business at the commencement of the year. The Q1 survey included a focus on international market diversification and the influence of trade agreements on SME business practices.


Heading Title

1. Brexit

 

2. Managing cashflow

 

3. Changing consumer spending/Reduced orders

 

 “Brexit remains the number one threat to business. We need to prepare for the possibility

of a hard Brexit, even with the talk of further extensions. It is critical that we increase our preparedness and take this as an opportunity to do just that.” 

Katherine Fitzpatrick, Director of International Relations


Thank You 

 

Ken Matson, Director at 20/20 Window & Glazing Systems is the survey prize winner this Quarter.

The Q1 prize of dinner at Tequila Jack's Mexican Restaurant is on it's way to Ken.

 

Our thanks to everyone taking the time to complete this survey. Your feedback helps us transform Cork and Ireland for the better. 

Previous editions of the Economic Bulletin are available on www.corkchamber.ie


Heading Title

Q1 reports a rise in business confidence, from 92% in Q4 2018 to an even healthier 96%. This is reflective of the earlier Q3 2018 sentiment.

 

 “The Q1 2019 shows a rise in business confidence to a very healthy 96% from the Cork business community, with 80% of businesses expecting an increase in turnover over the next 12 months. With the construction activity increasing in the city there is consistently strong sentiment here as our city grows at pace." 

Thomas McHugh, Director of Public Affairs



Heading Title


Respondents also reported on their recruitment forecasts. Over Q1 2019, 39% of businesses indicated an increase in employee numbers with 53% indicating an increase over the next 12 months.
 
Currently, 51% of business have vacancies advertised, 34% of these remaining unfilled for greater than 3 months since the initial advertisement. These vacancies are mostly in the engineering and surveying, hospitality and finance sectors.
 

International Women's Day Breakfast
Free Event
 

Fri 8th March | 7:30am–9.00am | The Montenotte Hotel

 

Cork Chamber Skillnet are delighted to partner with Gillian McGrath of Change Grow Succeed to deliver this unique interactive breakfast event. Designed to empower women by identifying 3 ways in which women can re-purpose their thoughts and behaviours to maximise their talents and take the next step in the workplace.

 

The theme of International Women's Day 2019 is #BalanceForBetter and is a call-to-action for driving gender balance across the world. Better Balance means Better Business. 

 

Places are limited, so register early!


Productivity using MS Outlook
Members €175/Non-members €195
 

A course designed to revolutionise your productivity in your everyday work.


March Business Breakfast
Members €25/Non-members €50
 

Thurs 7th March | 7:30am–9.00am | Cork International Hotel

 

Cork Chamber is delighted to host Niall MacCarthy, Managing Director of Cork Airport as the guest speaker, in association with the Irish Examiner.


Networking at Noon at Glandore’s New Office
Free for Cork Chamber Members
 

Tues 12th March | 12.00pm–1.30pm | Glandore, City Quarter, Lapps Quay, Cork

 

Set in the heart of Cork’s central business district, Glandore’s newest workspace is stylish, contemporary and ideally positioned.


Brexit & Business
Special Weekly Series: 3 of 7
 

Brexit and Certificates of Origin

Certificates of Origin for goods arriving in the UK coming from third countries... where to Irish companies stand?

 

Brexit Resources

Information, seminars and contact points to help you be Brexit ready.


Brexit and Certificates of Origin

We are informed that at present UK Customs authorities do not require Certificates of Origin for goods arriving in the UK coming from third countries. Therefore Irish goods arriving in the UK post Brexit/’no-deal’ are not likely to require a Certificate of Origin. However, companies in the UK may request a Certificate of Origin depending on their individual needs (re-exporting etc). If your company exports to the UK we encourage you to register with us now for Export Documentation. 

Be export ready. Discuss your requirements with our Export Documentation Manager, Imelda.

 

Brexit Resources

N40 | Dunkettle | N28 Progress Update
 

Updates on progress of the following road improvements

  • Dunkettle Interchange Project. 
  • Advance Works at Silversprings.
  • Advance Works at Little Island Interchange.
  • N28 Works at Shannonpark, Raffeen Junction.
  • N40 Intelligent Transport System.

Latest Member Offers
 
Upcoming Member Events
 
Member News
 
Pure Cork Industry Day
 

Wednesday 27th February | 0:30am-1:30pm | Vienna Woods Hotel, Glanmire

 

This an open invitation to any businesses involved in tourism in Cork and will include Pure Cork’s plans for 2019.

 

Panel discussions will be chaired by Kevin Cullinane, Head of Communications of Cork Airport.


Build Ourselves & Others
Members €1200/Non-Members €1400
 

Build greater self-confidence, strengthen your people skills and enhance communication skills


Leading High-Performance Teams
Members €685/Non-Members €735
 

This 3-day explores leadership styles central to developing high performance teams. 


No-Deal preparation for Irish Businesses
 

The heightening uncertainty surrounding a Brexit ‘deal’ or ‘no deal’ has regrettably amplified in recent weeks. With the possibility of a no deal becoming more tangible, Chambers Ireland have developed an information factsheet for business to help you navigate this unchartered territory. Read more


Very similar to the last quarter with the only variance being the replacement of cost competitiveness with changing consumer spending/ reduced orders.

  1. Brexit
  2. Managing cashflow
  3. Changing consumer spending/reduced orders