28 Feb 2012

The Worldwide Food and Beverage Industry is in Transition – Quebec Should Foster Sustainable Development and Buy Locally

“Many Quebec agrifood companies are starting to look at using carbon footprinting as a marketing tool.”
– Jean-Pierre Haché, Senior Manager and Agrifood Specialist

MONTRÉAL, Quebec, February 28, 2012 – Following a difficult recession, the global food and beverage industry is coming out of survival mode and moving into a cautious expansionary mode. This is one of the many findings noted in a 2011 study on the food and beverage industry conducted by Grant Thornton International Ltd. This worldwide study, offering a unique Quebec perspective, was released this morning by Raymond Chabot Grant Thornton, during a conference organized in collaboration with the Conseil de la transformation agroalimentaire et des produits de consommation (CTAC).

Despite the measured growth of the food and beverage industry, major challenges continue to be felt around the world, particularly with respect to the high price of raw materials and the slow pace of household consumption. “These factors make it difficult for companies working in the food industry to increase their prices,” explains Guy Barthell, Partner in the Management Consulting Group at Raymond Chabot Grant Thornton.

Jean-Pierre Haché, Senior Manager and Agrifood Specialist at Raymond Chabot Grant Thornton, sees possible solutions for Quebec. “While Quebec has been less affected than other regions around the world, it must nevertheless demonstrate caution. Processors must learn how to turn consumer trends, such as sustainable development and buying locally, into profits, and target specific consumer groups in order to increase their revenues.”

Quebec at the forefront of sustainable industry

“Carbon certification, or greenhouse gas emission reduction certification offers an appealing growth potential and could become a strategic niche in 2012,” explains Jean-Pierre Haché. Numerous U.S. states and Canadian provinces use high-carbon emission fossil fuels, and forget to take this factor into consideration when calculating the cost of transporting goods through various warehouses and distribution centres. “Quebec is in an enviable position because all of our electricity is hydroelectricity, which has very low emissions. So a lot of our food companies are starting to look at using carbon footprinting as a marketing tool.”

Renewed interest in local farmers’ markets

The study also highlights the importance of buying locally as a Quebec consumer trend. “We have noted significant renewed interest from the industry and consumers with respect to local products. For example, Walmart is currently setting up new warehouses and logistics to be able to buy locally and offer these products in all of its stores. Similar plans are underway at other grocers. One of the reasons behind this strategy is definitely the savings from lower fuel costs.”

Canadian companies, on the other hand, tend more towards exportation. “In their business strategies, Canadian companies opt for exploring and developing new markets such as Mexico, India, China and South America,” states Guy Barthell.

Managing Through Uncertainty examines global data on the industry—the financial situation, trends, and constraints—and offers perspectives on these issues from specialists around the world. To consult the complete study on the food and beverage industry, visit www.rcgt.com.

About Raymond Chabot Grant Thornton

Founded in 1948, today Raymond Chabot Grant Thornton is a leader in the fields of assurance, taxation, consulting services, business recovery and reorganization. Its strength is based on a team of over 2,000 people including over 225 partners in more than 90 offices in Québec, eastern Ontario and New Brunswick. The scope of its network makes it a leader in its business segment. For the past 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd providing its clients with the expertise of the member and correspondent firms in more than 100 countries. Grant Thornton Raymond Chabot Infrastructure Inc. is active across Canada and has its head office is in Montréal.

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Source:
Marie-Eve Carignan
514 878-2692, Extension 2388
carignan.marie-eve@rcgt.com

For more information:
Sophie Côté Laplante
514 843-2376
scotelaplante@national.ca

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24 Feb 2012

Inauguration of the New Saint-Jean-sur-Richelieu Office

Montréal, February 23, 2012 – Raymond Chabot Grant Thornton held the official opening of its new Saint-Jean-sur-Richelieu office before 150 guests. The event highlighted the Firm’s expansion on the South Shore and was an opportunity to thank Raymond Chabot Grant Thornton clients and business partners, the driving force behind this growth.

Lynda Coache, Partner in Charge of the Saint-Jean-sur-Richelieu and Napierville offices, emphasized the importance of this move: “We have our clients to thank for this move. My team and I constantly strive to provide them with best service possible, they have shown their trust in Raymond Chabot Grant Thornton over the years and I’d like to thank them for that.”

Also in attendance was Montréal Region Vice-President, Michel Noël, who thanked all of the clients and business partners who contributed to the Firm’s success in the Montérégie region: “I’m very proud of our Firm’s expansion. This move is the result of both substantial growth and the drive to better serve our clients on offices tailored to their needs. Our clients and business partners have been instrumental to this growth, thank you, each and every one. We have their interests at heart and will continue to meet their needs conscientiously and efficiently.”

The event provided an opportunity to recognize two members of the Saint-Jean-sur-Richelieu office who recently received very special awards: Yannick Marcotte, Senior Tax Manager, received the CA Émérite 2012 Award, next generation category, from the Montérégie CA Group; and Lynda Coache, was given the Recognition Award–CA in Public Practice and received the title of Fellow of the Ordre des comptables agréés du Québec (OCAQ). The title formally recognizes OCAQ members who have rendered outstanding services to the profession, or whose professional or community achievements have set them apart and brought honour to the profession.

“Success cannot be achieved without a passionate and dynamic team. Community involvement, dedication and professionalism are essential values in our Firm and are clearly reflected in our Saint-Jean-sur-Richelieu team’s work,” concluded Michel Noël. “They are the people who made it possible for Lynda and Yannick to stand out and receive these awards. Congratulations to them.”

Raymond Chabot Grant Thornton’s new offices in Saint-Jean-sur-Richelieu are located in Suite 201, 745 Gadbois Street.

Pictures of the event

About Raymond Chabot Grant Thornton

Founded in 1948, today Raymond Chabot Grant Thornton is a leader in the fields of assurance, taxation, consulting services, business recovery and reorganization. This strength is based on a team of over 2,000 people including over 225 partners in more than 90 offices in Québec, eastern Ontario and New Brunswick. For the past 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd providing its clients with the expertise of the member and correspondent firms in more than 100 countries.

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For more information:

Marie-Eve Carignan
Senior Communications Consultant
Raymond Chabot Grant Thornton
Telephone: 514-878-2691, Extension 2388
Email: carignan.marie-eve@rcgt.com

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22 Feb 2012

RCGT’s Lévis office celebrated its 25th anniversary on February 16, 2012 with approximately 300 guests at the Centre de congrès et d’expositions de Lévis. The cocktail event was attended by clients, business partners and employees, as well as important members of the Lévis community, such as Mayor Danielle Roy-Marinelli.

After a short introduction on the office’s history, Pierre Lapointe, Regional Vice-President, spoke of the entrepreneurship of three of the office’s pillars: Roger Demers, François Noël and Louis-Pierre Gagnon. “Over the years, everyone who has ever worked at the Lévis office has embodied the values of our founders: sharing, collaboration and surpassing one’s self,” Pierre said.

Pierre Garant, Partner in Charge of the office, thanked all employees, business partners and above all clients for their unfailing trust: “You give us the opportunity to do the best job in the world: supporting you in your projects,” he said.
To warm applause, Roger, François and Louis-Pierre each received a painting as a token of thanks for their outstanding service. Earlier that day, two Lévis office conference rooms were named after Roger and Louis-Pierre, in recognition of their exceptional contribution.

Among the Firm’s first 20 Quebec offices, the Lévis office is one of Raymond Chabot Grant Thornton’s most outstanding.

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17 Feb 2012

Lynda Coache

Raymond Chabot Grant Thornton’s corporate finance expertise will be highly visible this week as Lynda Coache, Partner at the St-Jean-sur-Richelieu office, was asked to talk about the subject on the premiere of Canal Argent’s En Affaires show on Monday, February 13, 2012.

Lynda discussed the initial stages of launching a business and the various rounds of financing that support its growth.

The interview was taken up again in various media outlets due to the great interest it elicited:

 

 

  • To listen to the En Affaires interview, click here.
  • To read the article that appeared in the Journal de Montréal and Journal de Québec, click here.

Congratulations to Lynda on the excellent visibility!