Impact of Ukraine crisis

Name: Impact of Ukraine crisis
Start: 2022-05-18T15:30:00+02:00
End: 2022-05-18T21:30:00+02:00
Location: Buitenplaats Amerongen

Network meeting – for sales executives

18 May 2022 | 15:30 - 21:30

Impact of Ukraine crisis

Producers of food ingredients are confronted with a new spectrum of challenges today, including the Ukraine crisis. This has created a totally different global demand and supply situation resulting in drastically different costs to serve and perceived value of food ingredients. A tremendous sharp increase in raw material costs and a short supply or full stop in raw materials is forcing food ingredients companies to adjust their sourcing and pricing strategies. The price increases required to maintain constant gross margin greatly exceed those of customers expectations. During this dinner meeting participants will learn how to respond to these risk ratios with new sourcing and pricing strategies.

ABOUT

Impact of Ukraine crisis

“Shortage of sunflower oil in the supermarket”,”without sunflower oil many Dutch companies will get in trouble” “on a market that was already tense, prices are now exploding”. These are snippets from newspaper articles published since the beginning of the Ukraine crisis. How can the food industry adapt to the circumstances? During this event, industry experts share their insights on the global supply situation of raw materials, which on top of the overall price inflation is now affected by the short supply of grains and oils from Ukraine region. The business of the food ingredients suppliers is at risk, in the short-term being confronted with extreme high prices and a threatening zero supply situation. In the (mid) long-term a short supply as the harvest of next year will be affected due to a lower acreage being replanted or sown. Food ingredient suppliers share their experiences in dealing with these sudden changes from a supply and demand point of view.

PROGRAM

15.00 hours

Walk-in and registration

16.00 hours

Opening and introduction

Halbe Vogel, IFFI

16.30 hours

Global supply raw materials
The insights of Food and Agri specialists from Rabobank on the global supply situation of raw materials are highly valued by the industry. More so when, on top on high prices for energy, logistics, materials, the Ukraine crisis has put an additional stress on the supply of raw materials coming from the Ukraine region. The COVID crisis showed the food ingredients industry that they were too dependent on the supply of processing aids and materials coming from China. With today’s Ukraine crisis, the dependency on grains and sunflower oils becomes painfully clear, meaning the food ingredients industry has to restructure their supply situation. What will the future look like and how to anticipate to these high risk supply situations? Participants will acquire a better understanding on the situation of short supply, both from a supply and demand point of view.

Sebastiaan Schreijen, Rabobank

17.30 hours

Drinks and networking

18.00 hours

Dinner

19.30 hours

Shift to local sourcing
Before the food industry was exposed to the Ukraine crisis, Royal Koopmans started sourcing locally grown wheat and rye for bread baking flours. Normally speaking, these type of flours have to be sourced in Germany or France. Yet since Royal Koopmans embraced the local-for-local concept, they co-developed the sourcing and milling of locally grown grains. What are the challenges and pitfalls Royal Koopmans experienced along the way? And where do they benefit, now that the Ukraine crisis hit us in the face? Participants will acquire a better understanding of the supply situation and how to transfer this to their customer’s customers.

Read more about Nedertarwe here:
https://www.royalkoopmans.com/meel/bijzonder-bakken/wat-is-nedertarwe

Dirk Lodewijk, Royal Koopmans

20.15 hours

Shift to other raw materials

To be known as a major exporter of grain, Ukraine also serves as one of Europe’s leading producers of vegetable oil. About 70 % of the Netherlands’ sunflower oil stock is imported from Ukraine. Severe shortages of sunflower oil caused by the ongoing crisis in Ukraine resulted in serious challenges of availability for the food industry. The Dutch Minister of Health and the Dutch Food and Consumer Product Safety Authority agreed to allow temporary ‘misfits’ between actual and labeled alternative vegetable oils in food. Consumers will be informed through websites and communication on the shop floor. But how will the supply situation look like in the months to come? Will this effect the availability in the long term as well and how to anticipate to those changes from an ingredient suppliers’ point of view. Participants will get first-hand insights and an overall understanding of the vegetable oil supply situation.

Frans Claassen, MVO

21.00 hours

Closing up and networking

Halbe Vogel, IFFI

SPEAKERS

Sebastiaan Schreijen
Specialist Consumer Foods, Rabobank

Sebastiaan Schreijen has been working at RaboResearch Food & Agribusiness for over twelve years. In that time he has seen and assessed hundreds of companies, investment cases, trends and hypes in consumer foods.

Private labels, healthy eating, sourcing strategies, online shopping, consolidation; Sebastiaan’s visions and ideas span the entire food chain. From food processing, food retail, restaurants and caterers to consumer behaviour.

Before starting his career at Rabobank, Sebastiaan spent ten years at another bank as an equity analyst. He studied financial economics at the Free University in Amsterdam.

Dirk Lodewijk
CEO, Royal Koopmans

As as CEO of Koopmans Koninklijke Meelfabrieken, Dirk Lodewijk manages change and activates the added value strategy that is needed to make the organization more sustainable. Dirk has 20 years of international experience in general and commercial management.

Frans Claassen,
Managing Director at MVO & Chairman of EPOA.

Frans has a graduate in Agricultural Economics of the Wageningen University. He started his career as policy advisor trade and industry within the Ministry of Agriculture. In 1996 he moved to Beijing, P.R. China as Agricultural Attaché at the Royal Netherlands Embassy. As Agricultural Counsellor he moved in 2000 to Jakarta, Indonesia where he was involved in sustainable palm oil development in Southeast Asia. At the end of 2005 he returned back to The Netherlands and became managing director of MVO – the oils and fats industry. Since 2012 he Chairs the European Palm Oil Alliance (EPOA)