Report Shows Aldi Spent Over €700m With Irish Suppliers In 2016
In 2016 Aldi spent over €700 million with Irish producers, manufacturers and suppliers, according to a recently published report by economics consultancy firm Cebr.
The report entitled 'An economic impact assessment of Aldi in Ireland,' noted that over half of the retailers sales come from products sourced from Irish based suppliers including fresh meat and poultry, Irish dairy products, snacks, fruit and veg, beers and soft drinks.
Aldi reportedly has made a capital investment of more than €1.2 billion in Ireland since entering the market in 1999. This has included spend on site acquisition, construction, machinery, equipment and vehicles needed to support its network, the report highlights.
Giles Hurley, Aldi Group Managing Director said,"The €1.2 billion investment figure reflects both an upfront commitment but also the reinvestment of our profits here in Ireland, creating employment, bringing business to local suppliers and of course bringing high quality groceries to families at low prices."
The report indicates that for every €100 in direct Gross Domestic Product (GDP) generated by Aldi, an additional €350 of GDP contribution was generated in the wider economy in 2016.
"It is particularly pleasing to have seen our product supply base grow from relatively humble beginnings to working with over 175 Irish businesses today." Hurley added.
Aldi now directly employs almost 3,200 people nationally.
© 2017 - Checkout Magazine by Donna Ahern