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  1. #321
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    Overview of meat processors 2020 profitability. Page 41

    https://issuu.com/farmersweeklynz/do...ggestions=true

  2. #322
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    Shipping continues to be a major challenge for ALL exporters https://farmersweekly.co.nz/section/...term-challenge

  3. #323
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    Beef prices tracking the right way......

    Supply chain drag on US beef bonanza | Farmers Weekly

  4. #324
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    Just noticed share price slid back to 0.90c - perhaps time to buy some more......or at least a cheeky bid!

  5. #325
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    Serious staff shortages at SFF in Northland and right across the industry. An article in the Herald today behind the paywall https://www.nzherald.co.nz/business/...JWIQNFPSFITAY/

  6. #326
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by iceman View Post
    Shipping continues to be a major challenge for ALL exporters https://farmersweekly.co.nz/section/...term-challenge
    Quote Originally Posted by iceman View Post
    Serious staff shortages at SFF in Northland and right across the industry. An article in the Herald today behind the paywall https://www.nzherald.co.nz/business/...JWIQNFPSFITAY/
    I like the cut of your jib mate. You're not afraid to post objective articles about the serious challenges faced despite holding a large sized stake in the company. Hat tip to you.
    For what its worth I think the shipping issue is "bigger than Texas" and isn't going away anytime soon and is going to affect a lot of companies.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.

  7. #327
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    Quote Originally Posted by Beagle View Post
    For what its worth I think the shipping issue is "bigger than Texas" and isn't going away anytime soon and is going to affect a lot of companies.
    Certainly it isn't going away for a while and a major for many companies. Shipping companies have some cost, but also some price gouging going on in areas.

    For meat companies, apart from just plain getting product to customers on time, a major issue is chilled - ie uncertainties when product will load and when it will arrive. There are stories about containers arriving after its due date - lose the chilled "premium" and also potentially have further risks/costs than just packing frozen. Airfreight expensive to many chilled destinations like the EU.

    In terms of SFF, will be a challenge - but see post #310. While still challenging, would think they'd be fairing better than many of their NZ competitors.

  8. #328
    percy
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    Silver Fern Farms Ltd's CEO Simon Limmer comments to farmers suppliers and shareholders.in one of his fortnightly updates.

    Responding
    to Global
    Supply Chain
    Disruption
    We’ve previously signalled the ongoing disruption in the Global
    Supply Chain and the congestion it creates back through New
    Zealand ports and into our own cold chain. These disruptions
    have not lessened and in some cases have deteriorated
    further.
    For context, all of our 20 cold stores across the country are
    running at ~90% capacity, and a slight delay to shipping
    schedules could see these reach 100%. At times these
    constraints have meant we have not been able to fully optimise
    our capacity by working the volume of daily overtime or
    Saturdays we would like.
    Throughout this challenging period we’ve worked closely with
    our logistics partners to ensure we maximise our physical
    loading of product from our cold stores to our markets.
    Pleasingly, we achieved a record export month for March,
    amidst these trying circumstances. However our cold stores
    remain close to capacity and our daily objective of maximising
    loadouts from cold stores and minimising the disruption to our
    farmer partners continues. Given these circumstances we have
    implemented a team solely focused on ‘Keeping Silver Fern
    Farms Moving’ – this team has the best interest of our farmer
    partners front of mind.
    Today’s operating environment is fluid, with hot spots
    appearing frequently and in multiple locations across the
    country.
    For example: an export vessel is delayed three days into a
    South Island port, this port becomes congested with outbound
    containers and closes temporarily. Silver Fern Farms cannot load
    out and our cold stores in this region reach capacity. A decision
    is needed quickly around processing capacity and livestock
    procurement.
    When this occurs we have the benefit of utilising Silver Fern
    Farms’ national network to move livestock between regions
    where there is less supply chain pressure, minimising the impact
    on our overall weekly kill tally.
    As an example Silver Fern Farms has moved over 40,000 stock
    units between the North and South Islands over the last six
    weeks, to help ease pressure off a number of farms.
    The great news is that demand for our safe, sustainable, grassfed products continues to be strong in all our key markets. The
    immediate challenge is getting our product through the supply
    chain and to our customers around the world.
    I personally want to thank everyone that is making this happen
    in such challenging circumstances
    Last edited by percy; 15-06-2021 at 04:32 PM.

  9. #329
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    Quote Originally Posted by Beagle View Post
    I like the cut of your jib mate. You're not afraid to post objective articles about the serious challenges faced despite holding a large sized stake in the company. Hat tip to you.
    For what its worth I think the shipping issue is "bigger than Texas" and isn't going away anytime soon and is going to affect a lot of companies.
    It is of paramount importance that we investors in primary industries and any export businesses for that matter, follow closely the serious challenges these industries face with staff shortages and transport. These issues also have direct negative effect on NZ Inc and our economy because primary exports is what is driving our economy at the moment. We can not afford any serious hickups.

    I spoke to a guy today who told me about the same issues in the Greenshell Mussels industry where production has been cut back in a big way due to staff shortages and as an example, a factory that used to employ 300 staff (historically many of them temporary visa holders) could now only get 100 which is not to keep the factory going so is now trucking mussels long distances to another factory.
    Sadly, like the SFF article in the Herald clearly states, the Government does not seem to understand the consequences of not allowing temporary workers in.
    Last edited by iceman; 16-06-2021 at 11:36 AM.

  10. #330
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    How long ago was that Percy?

    Production should be tapering off at many plants, so hopefully situation should be easing.....

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