Sustainability, innovation and diversification in the spanish frozen food industry: a financial analysis
DATE:
2022-05-04
UNIVERSAL IDENTIFIER: http://hdl.handle.net/11093/6157
EDITED VERSION: https://link.springer.com/10.1007/978-3-030-98036-8_7
UNESCO SUBJECT: 5312 Economía Sectorial
DOCUMENT TYPE: bookPart
ABSTRACT
Spain is the leading European country in the production and consumption of frozen products. More specifically, in the region of Galicia (northwest of the Iberian Peninsula) the bulk of the frozen fish and seafood industry is located. The production activity carried out in Spain, as a member of the European Union, must be governed by European sustainability guidelines. This is what one of the largest business groups in the frozen sector in Galicia has done in its new business project, a plant producing high-quality frozen products with a significant added value. The objective of this study is to analyze the viability of this new company, over a five-year financial projection. In addition, a price sensitivity analysis will also be carried out in order to determine the possible scenarios that the company would face. The results show that the project is efficient and covers the investments made, in the medium term, despite the losses suffered in the short term.
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