"Predicting what's to come in 2023 is more complicated than ever". CEO Erik Visser gives his take on 2023 and looks back on 2022
At this time of year I want to thank all of you, clients, distributors, business partners, and friends for supporting Hamlet Protein.
In the past twelve months we have invested in species specific knowledge and research, positioning our fiber product range post ZnO ban in Europe and expanding our market penetration across geographies.
We did that by combing our internal strengths with network and local knowledge of our distributors and working with world class research institutions and universities.
We are finalizing a challenging year that has seen a volatile business environment. Utilities costs drove up our cost of production in Denmark, high raw material costs impacted our industry from farm-to-fork, certain geographies saw reducing animal numbers, logistical challenges continued throughout the year and geo-political tensions further complicated matters.
If 2022 has shown us anything, then it is that predicting the nearby future is more complicated than ever. However, we feel that volatility in utilities costs will remain in Europe and they will not return to pre-2022 levels, freight rates and shipping availability will improve, SBM will reduce somewhat but remain relatively high, animal welfare and sustainability will become politicized in Europe.
Even though we did not meet our own expectations in 2022, we feel confident about the future for our business. We have learned all lot in the past year on how to maintain and build relations in a difficult market environment.
Young animal nutrition will become more and more important to drive performance throughout the life cycle and with our benchmark products and unrivalled knowledge Hamlet Protein will continue to play a leading role in the market.
At Hamlet Protein we like to say that a good start makes all the difference. Our team looks forward to supporting you and your team to get off to the best possible start in the new year.