The global food and beverage industry is becoming increasingly interested in Egypt due to its strategic location, large consumer base, and remarkable reform agenda. The industry is anticipated to grow rapidly between 2020 and 2030 as a result of rising disposable incomes, population expansion, and the introduction of new products and trends. Besides, the increasing number of restaurants, fast–food chains and food delivery apps enhance customer accessibility, resulting in robust growth in the food and beverage industry. On the other hand, stringent government regulations and variations in the price of raw materials might have a detrimental effect on the market’s expansion.
You may have observed how fluctuations in foreign exchange rates affect the costs of the supply chain, purchasing choices, logistics, and maybe pricing. Raising questions like: How do you adapt to fluctuations in foreign exchange rates? Can you charge customers those costs? How do you mitigate your risks?
How can we help?
We have deep–rooted knowledge and expertise in the food and beverage sector as a whole, including retail, wholesale, distribution, and food processing. Our professionals at TGP understand current regulations and trends that impact your business and can assist you at every stage throughout the life cycle of your business.
Drawing from our experience in the food and beverage industry, we identify and understand the challenges and opportunities facing this industry sector. We have specialized knowledge in auditing and assurance, tax planning and minimization strategies, and other financial issues, common to the food and beverage industry.