
Irish businesses increasingly focused on staff pressures, report says
The inaugural Business Risk Index for Ireland, compiled by insurance broker Gallagher, shows a shifting landscape of concern and operational uncertainty.
The report, which captures the views of 200 leaders across small, medium and large enterprises, highlights that today's commercial risk environment is being shaped less by traditional threats, and more by evolving workforce and cyber threats.
The top concern for Irish businesses right now is employee retention, cited by 29 per cent of respondents, with this figure rising to 40 per cent among companies employing more than 150 people.
READ MORE
Next is the cost-of-living crisis, seen as a serious threat by 27 per cent of businesses and most acutely felt by companies with between 10 and 50 employees, where concern spikes to 34 per cent.
Concerns around sector competition (22 per cent), cybercrime (21 per cent) and a lack of skilled talent (19 per cent) also rank high on the corporate risk radar.
The cost of salaries was flagged as a risk by 15 per cent of respondents, as was the cost of materials (14 per cent), and compliance with regulations (14 per cent). These challenges are affecting firms across all sectors and sizes.
Risks related to legal issues – with employees, clients or suppliers – as well as business interruption, vandalism or theft, and the cost of servicing debt, were among the least frequently mentioned.
When asked about the broader trading environment, Irish business leaders were notably cautious. More than one in three (35 per cent) said that trading conditions had worsened over the past 12 months and that it was now riskier to run a business.
Another 24 per cent felt that although the trading environment had not changed dramatically, the type of risks they face has evolved.
About 20 per cent of businesses reported stability in both trading and risk terms – a view most common among smaller firms. Just 5 per cent said that the environment had become less risky.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Irish Examiner
2 hours ago
- Irish Examiner
From boycotts to barcodes: How supermarket choices still shape the world
Collective action in the supermarket can influence world events. Dunnes Stores workers boycotted South African oranges in the 1970s. The strike made international headlines and led the Irish government to ban fruit and vegetables from South Africa. Prior to the strike the workers had known little about South Africa, but were persuaded by Nimrod Sejake, a trade unionist from South Africa exiled in Ireland, that South Africa was like a pint of Guinness: A small number of whites at the top and all the black people underneath. People can now take collective action by using apps. Scan a barcode and the app may tell you whether the product you want to buy has been ethically produced. I was recently made aware of a missed scan or misinformation on one of these boycott apps. That gave rise to a question about the country of origin of a citrus fruit and the information contained on the label. It's remarkable how much information can be derived from a small tag or label attached to a net of oranges, and I'm going to use oranges as an example. The shopper had scanned the label on a net of oranges in to an app, which read the label and reported that it was an unrelated product, a bar of chocolate. Because the bar code didn't match the product that had been scanned, the shopper felt there was something nefarious about the oranges, which were labelled as Egyptian. There are two questions: Do the boycott apps work, and can we rely upon the labels in the supermarket? Boycott apps scan a product's bar code and identify the brand, manufacturer, or parent company. Based on this, they tell you whether the product aligns with or violates ethical, political, or environmental criteria. Most of these apps do not have access to a full bar code registry, so they rely on crowdsourcing databases, open-product databases, and public company information. Larger organisations and companies are easier to track than others, particularly when the bar codes are common internationally. For example, a can of popular cola has the same bar code no matter the country. Products that are produced and manufactured specifically for a supermarket are more difficult to track. Some retailers use brand-specific bar codes that only work in their own shop environments and do not transfer elsewhere. I visited five supermarkets belonging to the pillar retail brands in Ireland and examined each individual bar code on citrus fruit. That shopper was right: One specific net of oranges scans as a bar of chocolate from a competitor. However, of all the citrus fruit labels that I examined more than 50% are not contained within the boycott app that the consumer used. Remember, the apps rely on shoppers to upload this data to inform others. What about those labels that say that the product has come from Egypt? I visited many Irish supermarkets and examined more labels on oranges, lemons, and limes than I care to count, and one thing became apparent: All citruses sold in Ireland are clearly labelled with the country of origin. It's actually unsurprising that some of the oranges on our shelves come from Egypt, the fifth-largest producer of citrus fruit in the world and the largest in proximity to Europe — it produces more than Spain. Under EU regulations (No 1169/2011) the country of origin must be placed clearly on the product label. All the labels I examined stated where these citrus fruits had originated, whether it was Egypt or Spain, or beyond Europe and her neighbours, or as far afield as Argentina and Costa Rica. Also, did you know that any treatments applied to your fruit before it makes it to the supermarket shelves are now clearly disclosed on the labels? If you have looked closely at the labels on fruit lately you may have noticed some terms that may not be familiar to you. Thiabendazole, Pyrimethanil, and Imazalil are all fungicides and applied as a dip or a spray after harvest to reduce the growth of mould. You'd be familiar with this mould if you picked up an orange that may have sat in the fruit basket for too long and saw it had developed a green or blue mould and was exceedingly squishy. These fungicides are designed to keep your fruit fresher for longer and are highly regulated by the EU. The final treatment that you may see listed on the label is E904 — commonly known as shellac. Shellac is often used to glaze apples and citrus fruits to give them a shiny appearance and can extend shelf life. Any fruits that have been treated with this glaze are unsuitable for vegans, as shellac is a natural resin secreted by the lac insect. Vegan or not, we should all be washing our fruits before eating or even juicing them. BOYCOTT APPS Boycat and 'No Thanks' [ are the names of two ethical trading apps which many Irish consumers are using to check food producers to see if they are on a boycott list. An organisation may be placed onto a boycott list for being based in a particular country, but also having dubious equality or sustainability credentials. These apps enable consumers to make an informed choice when doing the shopping. Always read the label — and approach the retailer if you have any queries on provenance. If you believe that a retailer or trader has breached consumer law, you can always report your concerns to the CCPC by phoning their National Consumer Helpline on 01 402 5555 or emailing ask@ Read More Remember when a minister held Guinness 'hostage'? And other Irish food stories


RTÉ News
3 hours ago
- RTÉ News
Tariffs aren't good news but it could have been much worse
While the crucial US EU trade deal announced this weekend does bring certainty for businesses, there are significant drawbacks. Fundamentally, tariffs are negative for trade. The US is a significant export market for Ireland, and many sectors now face duties of 15% which did not exist last year. The biggest issue is pharmaceuticals, which are the largest Irish export to the US, valued at €44bn in 2024. In recent months US President Donald Trump had threatened enormous duties on drugs imported by America. He had ordered a national security investigation of the pharmaceutical sector. Last night, Tánaiste Simon Harris said his understanding was that after the investigation concludes the maximum tariff which could be imposed would be 15%. So, while the threat of more damaging duties is averted, pharmaceuticals made in Ireland may well face 15% tariffs in future, up from zero at present. Another key sector for Ireland is the manufacture of computer chips. Like pharmaceuticals it has been subject to a separate investigation by the Trump administration and faced the possibility of punitive tariffs, but it too could face a 15% tariff after the investigation ends. Last night, European Commission President Ursula Von Der Leyen said there was no decision yet regarding spirits exported to the US. This is critically important to Ireland's whiskey industry which has already seen several recent closures. There had been speculation that sector could have been part of a zero-for-zero tariff arrangement, but that is not yet agreed. Another important area for Ireland is aircraft leasing. Ms Von Der Leyen said last night that aviation would be part of a tariff-free arrangement. For other EU countries the massive duty of 27.5% which was imposed on European cars now falls to 15%. Some existing tariffs will be folded into that baseline 15%, meaning it would be an all-in tariff. For example, it is expected to include the existing "most favoured nation" duties of 4.8% which exist currently under World Trade Organization rules. The fact there is a deal at all avoids the threat of a prolonged tit-for-tat trade war. It means businesses can plan, investments can be made, and job-creating projects can proceed. But exporters are already seeking Government support as they navigate the new reality of the Trump administration's tariffs. The EU-US agreement is not a trade deal in the usual sense. Normally these pacts are negotiated over years and culminate in a document running to hundreds of pages. What was announced yesterday was the framework of a deal with much detail yet to be finalised. Yesterday wasn't the end of the negotiations, but it was a milestone.


Irish Times
3 hours ago
- Irish Times
Trade deal includes ‘zero for zero' arrangement for aviation, says Simon Harris
The agreed trade deal between the European Union and the United States has secured a 'zero for zero' arrangement for aviation, Simon Harris has said. The Tánaiste and Minister for Foreign Affairs and Trade wrote to the Government Trade Forum on Sunday night to say that while a 15 per cent baseline tariff was 'regrettable', it was the maximum tariff that could be imposed on the pharmaceutical sector even after the US administration's investigation into the sector's imports. He also confirmed that a 'zero for zero' agreement had also been secured for certain aircraft components, agricultural products and chemicals. The details were included in a letter sent by Mr Harris to the trade forum, which includes Government Ministers, State agencies, business organisations and trade unions. READ MORE In the letter, Mr Harris said that Sunday's agreement between European Commission president Ursula von der Leyen and US president Donald Trump in Scotland will 'avoid tariffs of 30 per cent being imposed by the US on August 1st and will also avoid the EU imposing its own countermeasures'. Mr Harris described this as 'much-needed certainty for Irish, European and American businesses who together represent the most integrated trading relationship in the world'. 'While ultimately it is regrettable that the baseline tariff of 15 per cent is included in the agreement, it is important that we now have more certainty on the foundations for the EU-US trade relationship, which is essential for jobs, growth and investment. President von der Leyen described this as 15 per cent tariffs across the board and all-inclusive,' he said. 'We will examine the detail of the agreement in the coming days but it is our understanding from president von der Leyen that this rate of 15 per cent is a ceiling on any potential tariffs that may be imposed following the conclusion of the section 232 investigations, including those relating to pharmaceuticals and semiconductors. The EU will continue to work with the US to underline the closely integrated nature of the EU and US pharmaceutical sector.' 'While the baseline tariff is 15 per cent, there are important exclusions from that, including a zero-for-zero arrangement on aviation. Ireland had made the case throughout these negotiations for zero-for-zero arrangements in as many sectors as possible.' [ EU pushing to cap future tariffs on pharma in US deal Opens in new window ] 'The commission president has also confirmed that there has been agreement on zero tariff levels on a number of key strategic products – including all aircraft and component parts, certain chemicals, certain agricultural products, semiconductor equipment, natural resources and critical raw materials. As the framework negotiations continue, the EU will keep working to add more products.' He told the forum that the Irish Government will now be examining the 'full implications' of the agreement on the all-island economy, including any differential tariff rates on either side of the Border. He said the Government will also now be looking into the 'implications' of a 15 per cent tariff rate.