Fruit and Vegetables Processing
Canada’s fruit and vegetable processing industry has seen many of the same challenges facing the rest of the food industry since the start of the COVID-19 pandemic. Soaring inflation and labour shortages have put pressure on the sector in a way that’s bred innovation out of necessity. And as consumer demands change with the tides, adjusting to new trends and economic factors appears to be the new normal.
Automation has reared its head in the fruit and vegetables processing sector, as efficiencies become more vital to keep up and stay competitive. While the bigger operations can adjust, smaller processors continue to struggle, and are routinely bought and integrated into the bigger players.
Navigating the current environment and planning for the future is what MNP’s team of advisors are best at. Working closely with clients in the fruit and vegetables processing sector, MNP offers a wide range of services to help meet the unique needs of companies from across the country.
How we can help
Tax
Minimizing tax exposure and boosting efficiencies can mean the difference between a good year and a terrible year. Our team will dive deep into your tax situation to ensure you’re getting the most out of your operations and aren’t missing valuable opportunities.
Corporate services
MNP’s team can help simplify the complex problems of corporate structure, reorganization, and filing requirements. Whether you’re preparing annual forms or growing the business, it helps to have professionals on your side.
Consulting
It can be difficult to fully understand what’s going on in the sector at all times, and even more challenging to know where it’s going next. MNP’s consulting team assesses your operations to see what the best next steps might be and how to prepare for an unpredictable future.
Performance improvement
Whether you’re looking to make key investments or revamp your production floor, MNP’s performance improvement team has years of experience helping organizations unlock their full potential.
Mergers and acquisitions (M&A)
Buying or merging with an existing company can be a very complicated process and transformation. MNP’s M&A team brings expertise to help you properly assess a potential purchase or merger and ensure its integration runs smoothly.
Market trends
While there are numerous ways to prepare for the future, it can be impossible to predict what might come next. However, there are a few ongoing trends in fruit and vegetables processing that our team anticipates will stick around for the long haul.
- Consumer desire to eat organic, clean foods but resistance to pay an increased cost for those products.
- Precut salads, snack foods and convenience products
Insights
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Performance
June 01, 2023
Five strategies to navigate the economic headwinds facing food and beverage processors
Against the backdrop of an uncertain economy, we assess how food and beverage businesses can improve operational efficiency, manage costs, and increase profitability.
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Performance
May 30, 2023
How food and beverage businesses can navigate today’s fragile supply chain
These seven strategies can help your food and beverage business overcome the challenges caused by today’s unpredictable supply chain.
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Performance
May 09, 2023
How to grow your food and beverage business through uncertainty
While businesses in the food and beverage industry are facing many challenges, there are steps you can take to optimize performance in a competitive marketplace.
Contact Our Food and Beverages Processing Team
Glenn Fraser CPA, CA, MBA
Senior Vice President, Private Enterprise
Glenn is a member of MNP’s Private Enterprise team in Toronto. Glenn brings more than 25 years of experience to his role proactively serving privately held and owner-managed businesses in a variety of industries. In addition to assurance and tax compliance, he helps clients with business strategy, financing, tax strategy, and succession planning.
Prior to his current role, Glenn was the Vice President and National Leader of MNP’s Food and Beverage and Cannabis team. Glenn was also a member of the Firm’s Board of Directors from 2015 to 2022.
Glenn is an active community volunteer with a long history of board appointments with several charities, including Childhood Cancer Canada, where he served as board chair for more than a decade.
Glenn earned a Master of Business Administration (MBA) from York University. He is a Chartered Professional Accountant (CPA), qualifying as a Chartered Accountant (CA).
Other Food and Beverage services
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Dairy Processing