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Profit cuts, wage increases, prices: the owner of ‘Forevers’ on the situation in the food sector

Meat processor SIA “Forevers” sees great potential for future development in exports, but in the current economic situation the priority is the local market, Andrejs Ždans, owner and manager of “Forevers” told “Delphi Bizness”.

However, the company predicts that the rise in the price of energy resources, as well as the rapid rise in the cost of raw materials, will have a significant impact on its profit indicators this year.

Despite this, along with the rapid rise in inflation in the country, “Forevers” raised the wages of the workers at the manufacturing plant.

Andrejs Ždans also tells how the company achieved the flow of buyers to the manufacturer’s stores.

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