Tuesday, 9 September 2014

CATALAN COMPANIES AND THE SPECIALITY FINE FOOD FAIR (TRADE FAIRS)



Today’s post is about a fair that has been done in London (UK) from the 7th of September until today. In this post I will also talk about the Catalan presence and I will try to explain why according to my opinion Catalan companies should have more presence in this kind of fairs.

The fair is called The Speciality Fine Food Fair 2014 and it has been done in Olympia, in London. It is a fair, as its name indicates, about local and international food and drinks. In this year’s edition there have been more than 1000 expositors from worldwide. In general it is focused on small producers and distributors, not big companies.

In this fair just 4 expositors where from Catalunya: BB Chocolate Group, Lets Chocolat, Mariscal & Sarroca and Marques de Guadalmima. So, just few Catalan food companies have come to this fair. To my mind, as I said above, the number of Catalan companies should have been bigger.  The reasons for that are that this fair is very important in the food sector and because it is focused on small companies it is perfect for a Catalan company. The average size of companies in Catalunya is small and medium size so that The Speciality Fine Food Fair 2014 is perfect for them. In addition, Catalan demand (and also Spanish) is stagnated. Consequently, if a company wants to increase its invoicing or, at least survive, the internationalisation could be a really good solution. And a good way to begin the process of internationalisation is through international fairs. But companies should choose the proper fair for them and prepare them with time and with enough resources. What is more, because not all fairs are useful or worth going as an expositor we should ask ourselves what a fair is. In theory fairs are a place where demand meets offer. In other words, a place to try to sale a product or a service.

 On the other hand, fairs are a product, like any other that has to be sold. The company that organises the fair has the incentive to say that companies should go to their fair even if it is not true. So, companies should analyse whether or not go to the fair as an expositor. Then, once the company has studied the possibility of going to a fair and decides to go, it has to take into account that going to a fair is an investment for the company, never expenditure.  Related to that, like any other investment, it is important to say that the results of the investment could come up in the midterm. It is not common to have returns the day after investing. However, going to the wrong fair or without enough preparation, it could be a disaster for the company.

For next year’s edition, I really would like to see more Catalan companies trying to find distributors and agents, promote their products and try to sell them. I totally encouraged companies to go abroad: the world is bigger than Catalonia or Spain...