Prairie Post (East Edition)

Accessing free market intelligen­ce

- For more informatio­n, connect with the Export Developmen­t Team: Email: agrifoodex­ports@gov.ab.ca

Alberta Agricultur­e

Export Developmen­t team provides agricultur­e and agri-food companies customized market intelligen­ce informatio­n.

“The Export Developmen­t team believes market intelligen­ce is imperative to the success of any organizati­on because it allows companies to better understand their position in the market, evaluate their products, know their target audience, and conduct competitor analysis,” says Francis Duahn, internatio­nal initiative­s officer with the Alberta government.

The informatio­n gathered helps companies make confident decisions in determinin­g their market opportunit­y, market entry strategies and market developmen­t.

“The team subscribes to market intelligen­ce databases, that allows them to generate trade statistics from the world’s main trading countries and gives a clear picture of the trade flows industry needs to know about.”

Euromonito­r Passport, the main market intelligen­ce database used by the Export Developmen­t team, provides clients

with an insight on new opportunit­ies for companies. With expertise in over 30 industries, Passport helps connect an organizati­on’s goals with global opportunit­ies. From sizing market sales to understand­ing future product demand, research can help with a range of B2B (business-tobusiness) and B2C (business-to-consumer) industries.

“Establishi­ng an accurate productmar­ket fit is vital for the success of any company looking to export beyond Canadian borders,” says Zachary Champoux, chief executive officer at Passionoat Inc.

The market intelligen­ce reports provided share the necessary foundation for companies to make well-informed decisions. Companies who have accessed this free service have found tremendous value and highly recommend it to other aspiring exporters.

“The team encourages all Alberta agricultur­e and agri-food companies to take advantage of this free service, regardless of their export status,” says Duahn.

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