Chamberlink Issue 4 2020 - Shining a Light on Digital Health

chamberlink ISSUE 04 2020

Shining a spotlight on Digital Talent

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C ONTENT S Cover story 16

Shining a Spotlight on Digital Talent

TRANSFORMING CORK

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We-bike Cork

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Ambitious and Thorough

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Sustainable Cork Programme

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Bioeconomy - Build Back Better

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We-bike Cork

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In the Chair with Sean Casey, EY

EMPOWERING YOU 13

Supporting Your Training Needs

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Between a rock and a hard place

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Upcoming Events

20 Snapshot of our Autumn eSeries

GROWING YOUR BUSINESS

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22 New Members 23 Preparing for Brexit 24 Keeping the Show on the Road

Keeping the Show on the Road

25 Exporting & Supply Chain 26 On the Move 27 AIB Together 28 Members News with this issue

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DAVY: Are inflation and negative interest rates eroding value?

•

Economic Trends Q3 2020

Welcome It has been an incredible Autumn for the business community. As the effect of the July stimulus began to settle, we moved swiftly towards a Budget for 2021 that broke the mould of steady, cautious anti-inflationary tactics to bold countercyclical investment. The difference in approach is day and night, reflective of the changed business environment in which many of our members are operating.

In this issue, there is also much to celebrate. Once again the Cork business community has met the challenges of today head on. Our Cork Digital Marketing Awards were more competitive than ever before as businesses have sought to distinguish themselves online with renewed vigour.

There is also the continual shift towards more sustainable ways of doing business, from placemaking to the green economy that will continue to define our region and that are reflected across the work of the Chamber team and members.

Our Sustainable Cork Programme is here for you.

As ever, your membership fuels our work and we thank you for your commitment to building a resilient and fruitful economy for the people of Cork.

We’ve had unique events, from training and networking to discussions with Martin Shanahan the IDA CEO and Minister for Public Expenditure & Reform Michael McGrath TD and we were delighted to host An Taoiseach Micheál Martin’s TD for his first address to the Cork business community since taking up office.

Conor Healy Chief Executive, Cork Chamber.

Chamberlink is published by Cork Chamber and is a bi-monthly publication exclusive to members. The opinions expressed in Chamberlink are not necessarily those of Cork Chamber, Chamberlink main sponsor neither do they accept any responsibility or liability for any legal implications arising there from. Registered in Ireland no. 13918

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TR AN S FO R M ING CO R K

Ambitious and Thorough: Infr astruc tur e an d Business Suppor t Comments on Budget Day October 13th 2020 from Cork Chamber President Paula Cogan.

The Government must be commended for producing an ambitious and thorough budget for 2021. As we normalise our experience of this pandemic, and as we prepare to encounter the challenges of Brexit first hand, it is clear that this and the next few budgets and the management of our national finances thereafter will define the prospects of a generation.

Infrastructure The commitment to an increase of almost €2 billion in capital expenditure bringing spend to €10.1 billion will be essential to provide some degree of continuity to the construction sector over the coming year, and most importantly to give assurance to the business and wider community that a positive legacy of functional infrastructure will be put in place while this pandemic wears on. For Cork it is essential that there is a strong visual infrastructural legacy in place by the time Budget day comes around again.

Commitment to the Dunkettle interchange will be valuable to the Cork economy. Further progress must be made in areas such as CMATS implementation urban accommodation, and education.

Tourism, Arts and Hospitality Clarity for Cork Airport in relation to capital and cashflow supports is positive but more will be required. However beyond today, firm commitment to EU travel standards and testing and the ability to implement without delay is essential. Without a functioning Airport, supports for tourism and hospitality such as the VAT reduction while welcome can only be partially successful at best.

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A widening of the tax free voucher system from €500 to €1000 would have provided a great boost to the drive for local spend in retail, arts and hospitality and it is disappointing that such a straightforward measure could not be taken. However, a €50 million increase in Arts Council funding to €130 million, €50 million for live entertainment, an additional €55million tourism support scheme, and €5m for Tourism Product Development will undoubtedly be helpful.

Business Supports Continued funding for the EWSS throughout 2021 is a significant action that will provide continuity for business. The rates waivers extension is a key pillar of the business support matrix, and it must be further extended into 2021. The addition of the Covid Restrictions Support Scheme (CRSS) for businesses that effectively cease trading as a result of restrictions is practical but as ever the focus for everyone must be on ensuring that we do not find ourselves in deeper levels of restriction. Furthermore, the €1.1bn in additional funding to the Department of Enterprise, Trade and Employment will undoubtedly have a positive and proactive impact on the ground by supporting local enterprise, SMEs, further funding for R&D, the Credit Guarantee Scheme and the Future Growth Loan Scheme.

For SMEs it is essential that the effectiveness of business supports are kept under constant review. It is not appropriate to simply draw a line in the sand for 12 months and the €2.1bn contingency fund is important in this regard. We will continue to work with Government to ensure that what we have is fit for purpose.

Paula Cogan, President of Cork Chamber with Seamus Downey, EY and Chairperson of the Cork Chamber Budget Committee launch the Chamber Budget 2021 Submission Picture Darragh Kane

The UK-EU withdrawal will undoubtedly prove economically damaging, in some instances hitting businesses that have weathered the pandemic well. The additional €3.4billion buffer, may prove essential.

However, government could have done significantly more to invest in the affordability of childcare which will remain a critical factor that defines the diversity of our workforce.

Climate Action The emphasis on climate action for 2021 is progressive. Given the significance of the Climate Action and Low Carbon Bill, is essential that more is done to support decarbonisation over forthcoming budgets. The competitive nature of the first round of Renewable Electricity Support Scheme shows the pent up developer market awaiting activation and the business community is increasingly aware of its legacy and the necessity to make the switch in order to be relevant to an increasingly conscientious and mobile talent pool. The acceleration in this space is incredible and it is essential that Ireland does more to keep up.

TR AN S FO R M ING CO R K

Sustainable Cork Prog r amme: Building Econom ic R esilie nce The Sustainable Cork Programme was initiated in May 2020, a hugely challenging time for businesses, and across all of society.

The programme is designed to set a vision for a more sustainable and resilient Cork, empowered by a thriving business community and framed through the powerful lens of the UN Sustainable Development Goals.

The research focused on exploring the sectoral challenges and the opportunities for a sustainable, strong recovery, in parallel with a discussion of the vision for Cork.

michelle o’sullivan Senior Public Affairs Executive

In June, the Chamber hosted 10 sectoral Think Tank discussions which highlighted: • • • • • • • • • •

Sustained support through the recovery post Covid-19 Climate action, Government policy certainty and support for climate innovation Support to transition business skills, activities, production models and materials A living City region with a connected, integrated public and sustainable transport network to support sustainable development, and affordable accommodation Support for cluster and innovation hubs Early education and role models as a key pillar of societal and workplace inclusion and diversity Support for remote and flexible working Business commitment and Cork commitment to support local, grow global Affordable and accessible childcare Delivery on established Government strategies namely Project Ireland 2040, the National Planning Framework, Cork Metropolitan Area Transport Strategy, National Broadband Plan, Urban Regeneration and Development Fund and Rural Regeneration and Development Fund.

The sectoral Think Tanks were followed with a public survey called ‘Imagineer Your City, Your County’ to which over 800 responses were received.

Opinion across the board once again highlighted the importance of climate action, connected public transport, quality of life, affordable accommodation, and the opportunities for a Living City region, painting a picture of the Cork that people want to live in, work in and enjoy. A picture very similar to the asks of the Cork business community.

We invite you to read the Building Economic Resilience report in which we share the sectoral priorities, and the complete findings of the Imagineer Your City, Your County survey.

Webinar Series The 5-part Sustainable Cork Programme Webinar Series commenced with the topic of Diversity, Inclusion and Black Lives Matter led by Dr Naomi Masheti of the Cork Migrant Centre.

Dr. Masheti discussed the Black Lives Matter movement and the pathway for government and business in creating an inclusive and sustainable city region.

At our second event Sean Kearns, Director at Reddy Architecture and Urbanism and Tony Reddy, Chair of Reddy Architecture and Urbanism and of the Academy of Urbanism then led an insightful discussion on how best to get people living in our City centre, above shops throughout the existing built fabric of our City.

Our next webinar is led by Dr Tara Shine, and Madeleine Murray of Change by Degrees, with Tara recently appointed co-facilitator of the United Nations Framework Convention on Climate Change Structured Expert Dialogue. The webinar will focus on building business resilience.

Please join us on our Sustainable Cork Programme Webinar series, with more info on our events page.

The webinar series is sponsored by Gas Networks Ireland.

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TR AN S FO R M ING CO R K

Bioeconomy –

Build Back Better What is the bioeconomy?

The bioeconomy is one of the EU’s largest and most important sectors encompassing agriculture, forestry, fisheries, food, bio-energy and bio-based products with an annual turnover of around €2 trillion and employing around 18 million people. The sector is expected to play an important role in Europe’s long-term goal to develop a competitive, resource efficient and low carbon economy by 2050.

The bioeconomy’s cross-cutting nature offers a unique opportunity to address inter-connected challenges in a resource limited world, pushing industries and people to seek new ways of producing and consuming. This can be in part be achieved by using the production of renewable biological resources (agriculture, forestry, fisheries and aquaculture) and the conversion of these resources and waste streams into value added products, such as food, feed, biobased products as well as bioenergy. Bioeconomy value chains integrate the latest breakthroughs in clean technology, biotechnology and genetic engineering to extract and produce high value products from agricultural, forestry, marine and waste biomass.

Ireland’s bioeconomy

The bioeconomy is an area of strength for Cork and nationally, due to the natural resources and infrastructure available. It has the potential to support new jobs and grow Ireland’s economy while achieving green targets of reduced carbon emissions and sustainability. Government’s National Development Plan recognises that the bioeconomy is crucial for decarbonisation, sustainability and circularity while also providing an impetus to competitiveness and rural and regional development and employment. 80% of agri-food companies are in rural Ireland, thus the bioeconomy will be a key driver to stimulate rural and agricultural redevelopment.

Why does the bioeconomy matter to SMEs?

Bioeconomy Ireland Week takes place annually to highlight and raise awareness of Ireland’s rapidly growing bioeconomy across industry, local communities, producers, researchers throughout Ireland. This year’s theme is ‘Build Back Better’ - as Ireland adapts and begins to transition beyond the Covid-19 context, there is a unique opportunity for SMEs to proactively and positively update and change existing practices and ways of doing things. The bioeconomy presents new opportunities and possibilities to build a sustainable, circular new future, and gives SMEs the opportunity to identify, capture and communicate the green credentials of their organisation.

Opportunities & challenges

A report of the Bio-Éire Project funded by the Department of Agriculture, Food and the Marine’s Competitive Research Programme evaluated the most promising value chain opportunities in the Irish bioeconomy. Interestingly, the report recognises the influence of consumer purchasing decisions on retailers and manufacturers. It identifies market factors, and in particular, those concerning consumer behaviour relating to bio-based products for example labelling products, raising public awareness and tax incentives for bio-based products.

Commercialisation and adoption of new bioeconomy products and their supporting technologies can be challenging due to issues such as high switching costs, quality standards and possible hesitancy of final consumers to embrace products generated from side or waste streams. However, cultivating biobased consumer strategies can enable companies to develop products and services to create the new generation of biobased consumers.

Growth and support for the sector

Future prospects of the sector are positive. The National Bioeconomy Campus located at Lisheen, Co. Tipperary, is a pilot scale facility for bioeconomy technologies in alliance with industry and research producing organisations. In addition, a number of institutes and organisations such as the Shannon ABC and BiOrbic, Bioeconomy SFI Research Centre are working on ways to collaborate more closely to deliver results for Irish industry, to help facilitate well-informed value chains and to help them benefit from an active bioeconomy.

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Carbery Group are partners in Biorefinery Glas, a European Innovation Partnership (EIP) Operational Group funded by Department of Agriculture, Food and the Marine under the Rural Development Programme 2014-2020. The project demonstrates the versatility of grass as a raw material. A mobile grass refinery can process two tonnes of fresh grass per hour and aims to increase the usable protein from grass by 40%. The cattle eating this generate less greenhouse gas emissions than if they were eating untreated grass. The grass proteins can be turned into valuable materials and make up to five by-products that could give farmers new sources of income. One such product is concentrate feed for animals that can replace imported feeds, another small step towards carbon neutrality, by reducing emissions.

Biorefinery Glas is a first step towards changing the role of farmers in the bioeconomy, from suppliers of biomass to producers of finished and semi-finished products. The project also demonstrates and evaluates an innovative business model for farm diversification into the circular economy.

Numerous EU programmes are funding research into this area, such as the MPowerBIO project aimed at helping clusters and SMEs with the challenges they face regarding investments. The ICT-BIOCHAIN project is identifying ways to use ICT effectively (IoT and Industry 4.0 solutions) to increase the efficiency of biomass supply chains for the biobased industry.

Through the translation of research into real world applications, and through promoting collaboration between research institutions and industry, it is possible to find tailored solutions to maximise and diversify existing value chains. Supporting SMEs and large industries to identify and scale opportunities is key to Ireland’s fast-growing bioeconomy.

Find out mor e The Enterprise Europe Network is hosting a bioeconomy webinar, supported by the Chamber’s Sustainable Cork programme, go to Corkchamber.ie/events for further details.

The webinar is targeted at SMEs who wish to learn more about the shift towards bioeconomy and potential opportunities to participate in the bioeconomy value chain.

Speakers will communicate the benefits of bio-based products across the value chain for producers, distributors, users, consumers, NGOs and public authorities.

SMEs & Bioeconomy Building Back Better

Register online now to hear more about the following: • Current national and EU developments • Opportunities across multiple sectors (agrifood, pharma, marine, health) • Examples of bio-economy solutions for SMEs which drive competitive advantage and consumer demand • How to get involved in Enterprise Europe Network initiatives, including international networking, B2B meetings and partnership requests

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TR AN S FO R M ING CO R K

Pictured at the announcement Paula Cogan, President of Cork Chamber; Cork County Mayor, Cllr. Mary Linehan-Foley; Stevie G, Deirdre O’Shaughnessy; Cllr. Joe Kavanagh, Lord Mayor of Cork County and Stephanie Kavanagh, Lady Mayoress of Cork.

We-Bike Cork Launched as part of Bike-Week this October, We-Bike is the culmination of months of work by a group of likeminded stakeholders from Cork Chamber, Cork City Council, Cork County Council, Cork Cycling Campaign, the Transport and Mobility Forum, Cork Community Bikes, Cork Environmental Forum, Credit Unions, Bike Circus, HSE Healthy Cities, City View Wheels and Green Party Councillor Oliver Moran.

In the context of the pandemic and the ongoing shift to active mobility the programme seeks to promote the affordability and fun of e-biking for people of all ages and abilities. E bikes make commutes of all distances comfortable and doable regardless of distance or fitness levels.

In the Netherlands last year, e-bike sales comfortably outpaced the value of traditional bicycle sales representing 70% of turnover and 420,000 units sold. With the Bike to Work threshold increased to €1,500, and competitive interest rates in the market there has never been a better tie to invest in e-mobility.

Through Project ACT in Cork County and the Reimagining Cork City initiative, strides are being made to address the fundamental deficit in cycle infrastructure which has been in place for many decades now. The National Transport Authority are urging local authorities to take a progressive approach and if momentum can be

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sustained there is real potential for Cork to differentiate itself nationally and catch up with progressive City regions throughout Europe. Regions that distinguish themselves during this pandemic will recover faster and stronger.

Very significantly, Cork was blessed with the framework for this progress before the pandemic ever kicked in. The Cork Metropolitan Transport Strategy sets forth a blueprint for building a transport network based on choice rather than necessity, and only once this is in place can we claim to have a contemporary fit for purpose transport offer. It includes improvements to road, commuter rail, bus, pedestrian, cycle and even light rail in the City.

What is now essential is that the rollout of this programme is incessantly and relentlessly pursued by our local authorities and the NTA, with complete support from central government.

It is essential that we have a new and invigorated network to celebrate for Bike week 2021. And it is essential that e-bike sales continue to rise, supporting our local suppliers and a better, more complete and competitive environment for Cork businesses to proudly operate in.

To recap the significance of CMATS for cycling, it contains: • • • •

200km of primary cycle network 150km of secondary cycle network 60km of interurban cycle network 140km of greenway cycle network

Please visit We-Bike.ie, and consider an e-bike for you and your family, or as an added mobility option for your team at work.

Fostering relationships built on trust and results.

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19, and that there have said that such a mission, its of The UK and Canada teething problems. forces capable the return sands of Te n s o f t h o u to return evacuated their fuel range means mission in to Goma would from the UN people are expected an journey in seven airsome shops the country following be- involve landing to work, with at set to tension and overnighting escalation in and outdoor amenities foreigners portstwice. gatherings tween locals and reopen. Small d , w h i l e a an in- least and iso“The restrictions in place in what is becoming w i l l b e a l l o we n - c o n t a c t country. o creasingly volatile n u m b e r o f n permitted. has lation requirementsAfrican be Intense fighting DRC in European and sports will also of result Varadkar a Taoiseach Leo broken out between and countries as burden of forces adds to the comgovernment warned that the has re- Covid-19 would now option,” the insurgents which of thou- plexity of this responsibility and that sulted in hundreds department added.it is now move to the publicbe “teethfleeing their It confirmed sands of people there would likely option of the opening homes. examining the ing problems” in of the roadcaofficers Both of the Irish of Goma chartering an aircraft days of phase one the round city are based in the pable of making stopover map. reason to the country. one “This gives us cause for in the east of come home trip with just a two officers.

One was due to to pick up the hope, but it is not Mr Varadprithe other on It said Mr Kehoe’s on April 29 and in the DRC celebration,” saidlong way to the safety of a May 12. Tensions an extent mary concern is and their kar. “We have be bumps have risen to such Forces the two personnel go yet. There willwe have to that the Defence Admiral secure repatriation. in the road, and of Covid-19 up.

The first cases chief of staff, Vice keep our guard o n c e r n o n in the DRC proposed to “ T h e re ’ s a c s d a y o r Mark Mellett, officers for were confirmed they were ue extricate the two on March 10 andpeople who M o n d a y o r T week that their own safety. living in a said to be among Wednesday of nexts c e n d o n other de in from They are not people may but had flown and hardsecure UN compoundthem countries. garden centres i n l a r g e just over leaves There have been and 50 in a flat, which ware stores what we cases even more vulnerable. numbers. That’s to 1,200 reported the virus. happen.”

Picture: Domnick Walsh It had been proposed deaths there from are fears don’t want to see he said, to locals during the pandemic. there Government Learjet the delivering However, If all goes well, are use Group are new DRC, Support enter a them out of the the real figures Ireland would Kerry and Ballymacelligott every News: 3 to get nations with a mili- that higher.

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Business groups ed that EU authorities opticians, motor phone re- ing shops. medical net alert about 230 the Alliance for restart on an can and However, chief issued Isme racing repair shops, and o m e wa r e said of a new H place behind e f o r m h a ve suspected cases officer Tony Holohan Races will take a n d w i t h I n s u r a n c e R pair outlets. closed; be considered paediatric inflammatory called for “crystal-clear” closed doors shops will remain and golf this should not syndrome Government ts hygiene rules agreed multisystem advice from the ■ Tennis cour o p e n a n d a panacea. g a r d f a c e stricter re Covid-19.

Racing Ireland. n s as to what is required when “ We c a n ’ t r e courses can em- linked to there were seven classes kind of by Horse concer He said T h i s f o l l o w s e r s a n d it comes to protecting coverings as some small outdoor fitness relation to people canwn investigated here and customers. can restart, but 5km to join magic shield in said. “It is a f r o m h o r s e o about ployees has been anecdotal children There for a possible link. this disease,” he th e othe r breeders and worries not travel beyond The that business conjobs in the sector. ple ment to them; such as sup are recom- 30,000Examiner understands evidence Irish ■ Public amenities walks measures that we mending.” beaches and mountain will reopen.

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ALLCARE LATE NIGHT PHARMACY, WILTON

Ukraine. happy,” “They’re all very of their she said. “A number born. been children have have been couples were Hogan Lannigan children that Up to 10 Irish on a mercy Kiely, in Kilkenny, who Ther n a r e h e a l t h y a n d o icitors flown to Ukraine The historic Marina Cork fertility and b international happy.” mission across with their have a specialist riverside amenity in couples are law team, said the and several other She said other borders to be the Germany countries where surro- surrogacy Ukraine has been pedestrianised in Ukraine on parents flew to babies born through through European closed due Irish to be with waiting spread has for the summer, fuelling the coronavirus in recent weeks birth of their babies gacy after borders pandemic. moving ahead newborns. to the Covid-19 hopes that the move reare surrogacy. still waiting on slowed were assisted their relaxing border “The Irish couples “Some are The lawyer whogetting to could become said Ms Ms Hickey. with in Page 4 with their babies,” the births,” said that are strictions. the Irish couples in huge praise permanent.

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When around cials today who removing them. of progress and you found it, and the it was to help to transport as soon as it a social distancing for pay held it close eyes of wi2 0 and dementia,couples over would be this month. ing fromget the biggest portfolio looked into the the conflict. He each failleft the North transformed. these reopening later came clear there from the who had no ambition It was a heartWorld: 19 Although the boy during packet. He had First Minnever hidden. dows and mothers to heart and took so Ukraine.” travel ban imposed.”

IRISH EXAMINER knew John saw all for someone World: 19 said all the less diagnosis lost their sons andcould not to be the Deputy ure personally. people had Bogside went global Hickey Ms The greatest Agreement, government are now in undeserving.

Northern Ireland ister of the new the potential his the Good Friday 16.05.20 Irish couples and his life Ireland generIrish

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Up to 500 Aer Lingus jobsFlat footed Gun and its story at risk The assassination Oswald Swanzy News Pages 10-11

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to save 11 of the national campaign Sport Pages 2-4 Part one appears on Page its very survival. As partus why we can’t afford to let the arts die. jobs and threatening and to remind down on thousands of personally Weekend Inside in N. Ireland) professionally and (£2.00 €3.20 bringing the curtains them affected 61,935 has could threaten No. knees, with Covid-19 The arts sector is on its corner of the industry to tell how the pandemic ■ Airline’s review airports’ future appearing next week. key players from every com with parts two and three www.irishexaminer. inside today’s ‘Irish Examiner’, Cork and Shannon but I can as-

usare not self-isolating for ms lawsympto with virus , one People them for GPs:

be taken lightly, additional sure you that thenow understeps that we are and be lois understood to taking are necessary Lingiven which the nearby town of of Cork and to position Aer in is unsurprising The viability nature cated is under critical Glynn said individual cases highly infectious “Without this Newbridge — Dr Shannon airports carries gus for future recovery.” “does it has will not the illness. have been social distancing No new deaths d i n g t o action, we simply Aer Lingus said with threat as Aer Lingus of trans- of the the authorthat what that cor its operations to be more difficult” “We’re hopeful recorded, ac Glynn, said that break the chains w i l l p u t out a review of hundreds of struck an agreement is evi- appear h l i v i n g c i r c u m Pilots’ Asbeginning to seeing, in fact, s i o n a n d we suc ities “may be the Irish Air Lineunion, but Cianan Brennan which could put cases, 36 m i s people at risk of infec- we arethat our contact-trac- i n which we NPHET. trade Of the 38 new see more cases dence jobs at risk.

Dublin many really, stances.

Departcrisis — sociation on high alert outbreaks or other main said Dr Glynn. system is working told Separately, the confirmThe scale of the originated in either cannot link to The country is n o t i t s t wo the latter tion,” added a reminder that ing a significant Fórsa and Siptu. contacts”. well,” Dr Glynn bank holiday weekend of Justice has Kildare, with He which will have across unions, has said it will not this potential second surge close said that NPHET will or for GP or really Morning Ireland yes- ment “a number” of its acsource of a He Siptu having been the the virus in there is no charge ed that RTÉ’s impact on business Aer for a led to calls centres in the to monitor this cases as it emergservices concerning outbreak of redundancies at terday.

Munster — has that commodation to bail accept adding that Govern- in Covid-19 majority of “continue closely over the large days at a pet food fac- testing He said, however, for a midlands had experienced recent situation ed that the vast the virus. for the Government picfollowing industry, Lingus, time needed. with virus symp- coming days”. in Naas.

4-4 / 23-222 / S With the countrywide cases of the virus “now is not the out the aviationdevastated ment action was Kildare. acquired patients m e a s t h e tory a s s t e s t i n g h a s n o w not self-isolating. becoming increasingly outbreak in Co M T h e n ew s c a a n o t h e r Aer Lingus was knee-jerk reaction”. which has been five toms areN a t i o n a l P u b l i c Lead and 40 of the said that all of those ed relation to “a ture crisis. over the past week, IAG conglomerate The It With between 30 in recent c o u n t r y p o s t figure for taken place in by the Covid-19 staff and by the ago when the Irish her been n o w n o u t - worrying ency Team political disnotified 6-Serif54 / IES s e s h a ve e i t Including ground Health Emerg survey of relatively high of Covid-19. n u m b e r o f k Glynn.

Dr Glynn said list the cases to an out- c a a are self-isoLingus em- years sold its 25% cases said Dr over the green (NPHET) said moved off-site or cabin crew, Aer around 350 Government 1. most confirmed said 38 new cases breaks”, have days attributable issue of tractions the centres, which the Irish Dog Foods has revealed that in the airline.

Reg arding the m p t o m s for international travel NPHET ploys a total of fact break at Naas, Co Kildare, lating in “cleaned rigorcontacted airports, stakep a r a t e l y , I A G c h i e f GPs recorded, though e with sy in only to hide the being Se people who have people at the two Micheál symp- have beensignificantly lower p e o p l at its most factory Walsh told he said that served y o f t h o s e are of those in The Taoiseach not isolating, of isolating that the virus is the com- a n d w i t h m a n i n d i re c t ously”. this was to quell executive Williewas already them after developing with over half anhave 85 struggling News: 4 of is week g Martin that it the f igure over the last “the importance have any dangerous within wo r ke r s l i v i n Cork. contain a of and review reporters s e t h e toms carrying on as normal than anger / 195-222 Thursday. public as you centres — one itself.

65-152 l a t e t o r e ve r The unprecedented been as nounced on the fall-out among as soon cannot munity rise in provision grapples t o o political crisis as controjob losses at Aer than self-isolating The median ageCovid-19 flu-like symptoms He said the sudden comes as the airline that rather Lead advice. of It is now in- planned the ‘Golfgate’ from be overstated”. per public healththe actin g the new cases with huge losses. with trade Lingus, and suggested IES /consume could not be threatens to 6-Serif54 versy Mean while, is just 30 years. future job losses volved in talks warnings officer, Ronan laying off up to coalition, with the1. medical about out. chief ruled unions much at go on took aim the company that “this can’t Mr Walsh also 500 staff across Covid Covidlonger”.

Government’s amid the continuing of raced up to the Despite a number 19 crisis. Losses six months health regulations. up” some high-profile resignations, He said “locking 14 days €316m in the first and for revenues slid apologies, excuses air travellers of the year as on government no sense, and called interventions by to €377m. the re- made of connt to look Businesses acrosshit if di- t h e G o ve r n m e ministers, the stormno sign rules. at its quarantine troversy is showing gion would be badly from Cork again Lingus was lagging beAer rect air services of abating. seen by failed to republic backhind the recovery and Shannon The scale of the of the hamber of Examiner must cut CO2 other airlines because sume, Cork C lash after the Irish than 80 to is clear. Wein half by 2030 lessons be restrictions, warned. will has more tin. “There Commerce revealed that the airneeds to Government’s by 2050 to that judge- emissions the former The Government and reach net zeroour planet be learned from he said, and althoughneed for Daniel McConnell people, including apply those Dara we protect understood the ment. We will implement confidence-buildagriculture minister will, no ensure country from the said that Political Editor aviation to line and TDs the Government and our ing measures forto the econ- caution, Mr Walsh tougher Calleary, senators of glohas been and careful and were function in most severe impacts The Government the Su- doubt, give it prevent damage the region, the Irish rules attended a golf other counof of public serious consideration.” than those in left reeling from omic prospects a hotel in breach Climate bal warming. this judgedirector of Court judgement on WednesGreen leader and “We must use tries. said Chamber health guidelines airline preme down its Ryan said ambition, to rs Thomas Michael He said that the“a hand- which has struck and as- Minister Eamon ment to raise public af fai enday night caught for vague the judgement. action, and to by McHugh. to was not lookingGovernment “excessively 2017 climate he welcomes future that this empower Martin’s government “It is significant judge- sure that our shared Aer Lingus continued out” from the pirational” of surprise. ondon Heabetter quality unanimous Fianna Fáil o p e r at e i t s L from Cork for aviation. of delivers a has strategy. court was a Sources within not believe all.”

Meanwhile, Ryanair acThe seven-judge Miti- ment of seven members throw service crisis, and reflect- life for Court said that they did He said his department the Supreme Court, of clibefore a ruled the National during the Covidstart flying launched a High examit would be long at setting aside Plan (2017-2022) ing the importance will need to carefully conwas expected to replace Mr in the tion aimed are inter- gation move is made to change as an existen- ine the decision and specificity. leader. what it claims again to Amsterdam plan does mate restrictions lacks Martin as the party keeps challenge to humanity,” It also found the sider its implications. coming weeks. declined to national travel if this Ireland’s tial the Govern“It will happen Áine Ryall, co-director, Cork Airport soon,” announced by month. not comply with the Cli- said Mr Ryan. consensus and the Enmatter. under up and it will happen earlier this “The scientific Centre for Law comment on the ColCarto staff, ment the ‘re- obligations one TD said.

Action and Low 2015 Ryanair claims In a video message vironment at University said that the Act out of the mate executive the ruling is Another source lege Cork, said Aer Lingus chief Aer Lin- strictions’ arising are un- bon Development Society event detail action. that pandemic Oireachtas Golf give sufficientnational a boost for climate is a pheSean Doyle said Cabinet is become a Covid-19amount to a dispro- to the showed that “the “The judgement Friends gus will inevitably lawful, in- about achieving what happens for interference of objective of a lowlosing focus on nomenal victory smaller airline. every day”. the air- portionate rights, and are transition by the end that Environment staff economy Irish told with real people the He of carbon yesterday, stage, “no dividual’s involved in its business.

All throughout and everyone line has, at this meaning- detrimental to Ryanair is of 2050. said is obpublic inunany members of the The Government In its action, Climate Case Ireland,” liable to be fined up to €2,500 line of sight on to express of operations measures, an- liged to give “some realistic six Oireachtas.

Ryall. dated talk shows for up to / Dr ful resumption in the and or Shan- challenging or imprisoned long road.

21, includabout how it 9-152 / 27-222 into the civ- staff been beenagiven came as it “It has their outrage, frustration out of either Cork nounced on July not travel level of detail” / year Flaherty The event spilled confirmed Mr 9-152 27-222 be wel/has of event months. The anger Kildare will do the objective followed meet Fail was as/it27-222 disgust as details growing that The judgementthisworld and Lead non Airports”. are review- ing that persons ofbut Fiannato / responsibilities mins.intends il service long new a Ireland, was confirmed a to the “falls we Aidan with , island 9-152 with Daly guidelines, thethe compliance further Paul “As such, IES of comed around and the outside seeped out, / weeks with ensuring be within suit, 45-222 that the civil servant for Lead /plan face two more purposes, for our flying will6-Serif54 alsoof speand ofbacked between those of the sort 15-152 around any unintenhe was be a beacon andscale Niall Blaney willrestrictions save forfor / IES earsthe sense of divide Lead for health was andshort” help stem the at way deaf ing do apologise 45-222 responsibility Covid19 /essential The Suholiday Davitt 6-Serif54 act requires, lockdown lockdown from these air15-152 judgment” everyone any of the the 2015Fianna 8. to that of building. set out climate litigation. cificityFormer programme of Covid / IES Lead breach who design the in the Oireachtas “serious lapse in

by European 45-222 tionaland sanctioned. safety /Commission the parliament 6-Serif54 Justice, Mr has growing number . Nationongoing der viabilexpected to 15-152 Áine Chief Court on my part,” and thevon the controversial President confirmed 7.preme minister said the home in 2020. ports Ursula / IES laws and those at the event.

8 6-Serif54 guidelines have also junior in attending newLead bases News:Fáil Gardai here.”

Clarke.on present of will cases in the countyfurther 79 15-152 / 45-222 Frank . However, he markers an 6.Flaherty to comment clearlaunched Justice ity of our regional / IES Lead 6 abide by them. refused judgement event in Galway Leyden.

‘TheCaptain he said.

News:wide, the SuBrady John Áine they have there were a 6-Serif54 Business: 19 Ryall:, the crisis was House, he said.

5. “I will she and her IES there,” thatexamine of the separations speculation / Court into an event, Leadas a Senator.of apol- Next world.’ was Supreme The scale of the not continues Guard in Leinster thethe 6-Serif54 yesday investigation cases confirmed. decisions Court a former the be welcomed around the State attorneywill Conscious 4. for “These , also judgement,” potentially preme / IESPhil judge former Gerry came the series apparent from early Dara Then of powers betweena selection husband 6-Serif54 has responsibility of the with organisers Micheál Marwith Taoiseach 3. and Woulfe. He , said TD, had left KilFáil terday morning ogies. EU commissioner general Seamus and the judiciary Fianna to day management one resign. His of the attended 2.

Calleary first to what was Hogan said he had confirmed he attendedGolf of opposition politiciansfor dare in contravention Mr and calling there. abject apology for on the “clear understanding day of the Oireachtasinvited stopped short of local lockdown conand the “very serious an was on a tabut pressure are political. described as a that the organisers been Society outing as aware in his head, Periods Ms Brady’s name the event, wasn’t Gael had Donald Fine offensive president to mount. error of judgment” He quit USnot of ten guests at respond hotel concerned guest, but “was it’s not going tinues Andwhip him. wassuggestion from its it’sble Irish Hotels enough to save assured (by the advance that there removed the them, but Ms Brady did not queries Trump’s six weeks dinner as attended the arrangeto talk about specific his post after just of Google’s Federation) that would to be an organised three senators who due to 84 to numerous that the election be ButButtimer, at The installation - Jerry radical. cable, in the job. ments put in place part of the event”. that the function Eid prayers from the Irish Examiner.

Cork Cumnew transatlantic with the on due to voter delayed complaints, and John the 19- Holding through or a powerful Next to follow was people’s be in compliance “I attended based Paddy Burke who which will pass Croke Park is Meet Nola and Penny, that it would fraudraisesthespectre Senator Jerry ButtimerLeas for Tampax has waters, will exreligious unity twins who have ad government’s guidelines” understanding, of an Irish on fell near symbol month-old that Seanad reign an Isthe concern” in in their own resigned as the of a disputed vote Calls for him to his been banned from pose “growing during the pandemic, become stars to said. at Ireland’s the rest to the Cathaoirleach following Page 17 could take months 9 the EU and US critical inlamic leader has right alongside airwaves.

Page Young Offenders. secure Some 200 worshippers cast of The resolve. sur- failure to / 171-18 ague duo 57-57 face masks and The Drimole said its little Star wearing by empty terraces frastructure.

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31 Factbox 82,000-seater GAA be completed and his girlfriend televi- in the News: 24 4-Serif42 / IESerif42Rag 1. dium yesterday. in one of the biggest IRISH EXAMINER News: 7 years.

1. sion hits of recent too be News: 3 01.08.20 notions that it “won’t remember a moment 956564 could Recommended retail much longer now”.

9 771393 the Ireland € 3.20 where the theinAtlantic, lifetime hugs, delayed kisses / 153-186 Acrossprice in their 51-130 piling were able had Delayed dead are /Q presents. table of Irish life, of the Irish public 39-186 bodies mood 5-5of/the and parties and guidetheir Aoife and the and government / 129-186 freezers because to forgo 43-130 become so fraught that up in Postponed funerals, / IES Aoife tupperware of and enjoy a luxury 4-Serif42 lines does not lie anywhere leader, a stained / IES blame wakes and celebrations Aoife to us.

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HEARING 2.or pension were wage A delayed wedding we call the “new and eat • THREE DIAGNOSTIC FOR ADULTS compared hard-worksit down and laugh means the worst Good-hearted and their our team spent years together, to remember ASSESSMENT ROOMS to what some of ing people have their Jersey’ to friend, to celebrate mates in the ‘Green is at the at the coal face trying like everyone it just public and Irish successes, have endured, convince a jaded to do.

• A PAEDIATRIC MULTI-SENSORY that they that can else would like government’s peril ROOM that there is good swift and The desperate The backlash was INTEGRATED SOUND continue to ignore come from government. expected. and furious, and was pleas. lack of young people and tired said our political life This sick, sore Some of us have women in Irish • DEDICATED MICROSUCTION in its infanloved ones its a sympgovernment, still ROOM final goodbyes to is not an accident, by the windows. that EAR WAX REMOVAL cy, has been carried people of the cynicism through iPads and Irish been taken tom that those goodwill of the Last breaths have one exists, the belief power of some ApAoife Moore: Comment for weeks, and it appears walk the halls of in the refection • ADVANCED DIAGNOSTIC arrogance the hands held who night of barefaced ple-branded glass, are in it for themselves, straw. “doing this hazmat suits, TESTING EQUIPMENT has been the final pay packets for by strangers in Many have labelled “error make bad of familial large disregard as an Good people often scandal with no final word week’s nothing”, and the / 66-186 moment, 22-130 their real which is the decisions in the love in their ear. of judgement”, for real people and moment we about the after all Aoife but it’s not this We have worried very least of it. problems, and now, about.

IES know and them? should be worried I, nor my/colleague 4-Serif42 elderly people we Neither of this, who can blame real we don’t, The wider implications the elderly people Paul 1.Hosford had any be devasthis phase of started this fall out could and about how idea what we had will seen how the story tating. We have state-ordered loneliness when we wrote when those loved “best and populations react affect those without of 81 of Ireland’s appear to . We, own. in charge do not ones to call their brightest” on Thursdaythe own rules of with additional be taking their Children in a stark reflection neighso like thouseriously. Our nearestget a needs have regressed country itself, and to have made bour has struggled quickly that once-determined sands of others, reduced foregoing handle on their community mothers have been our own sacrifices, amidst a battle in news 14-130 / 42-186 to tears on nightly Approved by an our respective weddingshealth transmission after to defend AMS Clinics are ConsultantAssessment Board. public for public sentiment programmes trying a break, Aoife off order to respect independent UK Audiology took Dominic Cummings their guilt at needing guidelines. check 4-Serif42 / IES for their pouring over to Barnard Castle to and desperation We spent hours 3. those who his eyesight. children’s future. a story of how and to the top icalservices.ie We have lined roads we have have ready access would www.audiologymed lunchbox of a man, abandoned funerals, of CLINICS NATIONWIDE take the not and could not starved grandparents 34 . ourselves pandemic seriously embrace and filled is a and IRISH EXAMINER I don’t believe there with banana bread the state who person alive in 22.08.20

Saturday, August

Eamon Quinn and Ann O’Loughlin

22, 2020

Outrage at one law Paul Hosford, Aoife Moore

es Supreme Court dismiss ‘vague’ climate strategy

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Iseq history, with Ireland’s10%. their worst day in by a further have across the world been urged index of shares slumpingthose of IAG, owner of The public has a record 27 Investors and banks €1bn in free money and The office environment the erosion State Airline shares, includingAirways, ended over so what erected to protect against Dan Linehan it safe, as not to panic as handed the Irish focus has—been which coronavirus more again to keep fenceus Picture: Aer Lingus and British next to thehelps must new cases of and drastic will effectively pay to reel from the fallout Association standingalso should you do if you 15% lower.

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Custom (inc. PHEV): CO2 Range 211 g/100km g/100km. Ford Transit ■ The plan will the public anything that a long profrom the virus intensive care racing will continue 11 News: 2-4 l/100km – 9.0 l/100km; and cultural province.

Fuel Consumption 8.0 closed doors. pleted. It’s been cordance with onto Varadkar Lombardy Editorial: 10 institutions with stricter of work.”

The UK has moved Taoiseach Leo p u l l t o IRISH EXAMINER health advice, guiderequire- cess o its response, will close e o p l e at damning Under the latest will be the next stage of u r g e d pissued social-distancing March Morrissey on behalf until children; following her 13.03.20 gether. ments for older a substan- lines, 1m distancing from March. A response2 9after o o r statement d Mr the n I . neither just pupils stating Varadkar ■ It will include substitute required for of Mr 956359 Recommended retail said: death distanc- Neil Michael 9 771393 HSE apolo2.30 price in Ireland € State nor the tial provision for principals third class up. Social Morrissey’s statement is cornecessary campaigner he gave a forto Ruth. This “As Taoiseach, ing will not be Cancer rights’ teachers to grant deto all gised very young children Phelan has criticised The State apology State apology “significant administrative 2019 Tánaiste mal secondary Vicky families af- rect. schools are among livered in October in classrooms. All teachers as “insensitive” assertion women and their leave” to ensure included the CervicalCheck students and could NOT haveAt the time Covid-ready; was fected by will be school required to socially Leo Varadkar’s of 2019.”

Ruth Morrissey be crisis in October sparked Ruth Morrissey.

■ Special provisions legal and teach- willt a n c e i n cl a s s — t h i s that in a State apology That response an RTÉ of the apology, Ruth’s dis made for students dealing between included last Sunday. but in were in court means 1m spacings before she died ers with immune-system 39-year- outrage, yesterday team issues concerning the Hours after the cancer, radio interview all desks at a minimum. of deficiencies; that with a major escaCourt appeal.

Despite confirmation of old died of cervicalsaid she Mr Varadkar repeated ■ There will be of the been in- Supreme cleaning had Paul Association insensitive school the of was “It the plan, lation in Ire- her husband received an Ms Morrissey apology. Ms to issue a statecluded in the Secondary Teachers practices; a Tánaiste the had never ith special despite success- Phelan responded “in sending his condolland (ASTI) dismissed ■ Students w In tweets ment for post-pri- apology, get €74 each refuting the State, whose fully suing the that High rage” on Twitter. of Ruth ences but also needs will each their return €42m allocation Followthe stimulus labelled ‘In defence “Paul family’s statement. decision mary schools in appeals against to help facilitate she wrote: as inadequate. decision were rejected ing the unanimousCourt in to school; Court in Morrissey’, ensure the package general secretary Court the Supreme ASTI of the Supreme was vin■ Investment to transport described by March, when Ruth the time complex school in a Covid- Kieran Christie monies prowas dicated, THAT system can cope will also be the additional in the July apology, for a meaningful alive to 19 environment vided to schools “the tip of still plan. as just while Ruth was this week included in the that preconcern stimulus iceberg”, adding reopen Amid mounting hear it. Apologies Micheál to the Taoi- the from our TaoiseachHSE are among parents,his credibil- paring for schools a “mambe Martin and the wake of seach has staked safely would Christ ie the his Governmeaningless in ity and that of r i n g t h a t moth” tas k. Mr were u that if schools her death.” ment on ens of Mr health to school warned She was also critical children can return to reopen, all public attempt to month. must be implemented Varadkar’s as normal next times” to the major advice from legal full and at all Mr Martin said distance himself against will allow “in of everyone decisions initiated financial package in a “ro- ensure the safety Morrissey people such as Ms Agency. schools fully reopen in school communities. way”. ‘just make“It won’t be a bust and resilientve i s t h a t a State by the State ClaimsForum: 17 chances’ Sunday, did not receive so and take our Christie.

“The objecti last do died Courts and who Collins fully said Mr Ruth Morrissey, schools reopen Vicky Phelan. Picture: said Mr approach,” News: 5 over cervical tests, says keep everyone safe,” Forum: 14 apology plans will Martin. “The full They be outlined on Monday.

Kevin O’Neill

will see schools ■ Taoiseach: Planand resilient way’ reopen in ‘robust comprehen-

2020

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IN THE CHAIR with newly appointed EY Consulting partner, Sean Casey To begin, tell us about your career to date.

I started my career as an Engineer in ESB in the early 90’s and now 25+ years on I have (nearly) a lifetime of Energy, Utilities and management experience. I moved from ESB to Bord Gais Eireann in 2008 and became Managing Director of Gas Networks Ireland in 2010. When Ervia was formed in 2013 I took up the role of Chief Operating Officer for the group and in 2017 served as Ervia’s Interim Group Chief Executive Officer. With somewhat of a career pivot I joined EY in 2018. I am a Partner in our Consulting Business and have two main roles - I lead our consulting team here in the Cork region and I also head up the firm’s Energy and Assets practice across Ireland.

Describe your company, the work that it does and what is unique to your organisation?

EY is a global professional services firm, with operations in more than 150 countries. Our client offerings sit across four service lines – Assurance, Consulting, Strategy and Transactions, and Tax. Our Consulting service line, with more than 70,000 people around the globe, aims to build a better working world by transforming businesses through the power of people, technology and innovation.

Our local Consulting practice employs over 500 skilled professionals, with a diverse set of skills, supporting clients across Energy & Assets, Financial Services, Government & Public Services and the Private Sector.

What is unique to EY is the way in which we deliver these services. Our approach is really client-centric, we seek to partner with our clients to create impact and to deliver long-term sustainable value for them.

What is your business goal for the future?

As a leader of our Consulting practice here in Cork my goal is to continue to expand our local practice; supporting a diverse range of clients to drive growth and improvements within their organisations and across the broader ecosystem.

We have a fantastic Consulting team in Cork, with experienced professionals in Business Consulting, Technology Consulting and People Advisory Services – I am passionate about enabling their continued development, growing our business by bringing in fresh talent and expanding our reach by supporting new clients and taking on new challenges.

The working world is in the midst of significant transformation, accelerated by the Covid-19 pandemic, and Cork is uniquely positioned to take advantage. My aim is for our team to be at the centre of the transformation; working with our clients to embrace the changes and drive our local economy - ensuring Cork is firmly positioned on the economic map.

Are there any changes you would like to see in the Energy sector?

The energy sector globally is experiencing unprecedented change. Government policies on decarbonisation, advances in technologies (renewables, digital, energy storage, etc) and changing customer demands are fundamentally transforming the sector. Ireland is at the forefront of this change. We as a country are leading the way in terms of renewables. We have a really ambitious Climate Action Plan with the overall goal of reducing our carbon emissions by 50% to 2030. Achieving these targets in that timeframe is a massive challenge and requires everybody – Government, Regulators Utility Companies, Investors and the public to work together in a way that we may not have done in the past.

What is your company doing to promote sustainable initiatives and practices?

EY was the first professional services firm to announce a bid for carbon neutrality.

We introduced a number of measures across all offices such as the basic keep cups, compost bins etc as well as educating staff on the importance of using these effectively. Pre-COVID we had substantially reduced our airmiles and car travel, introduced sustainable procurement practices and purchased renewable energy to power our offices. We have also supported reforestation projects in an attempt to off-set our remaining carbon footprint. From a client and CSR perspective, our well-established Climate Change and Sustainability Practice has supported clients on their sustainability journeys and our EY Ripples programme has (on a pro-bono basis) helped scale over 100 enterprises focused on socio-environmental issues.

What was the best career advice you got along the way?

There are two pieces of advice that have really stuck with me throughout my career: 1)

Be open to new challenges and opportunities – they won’t keep coming your way and

2)

Build a great team and look after them – you deliver through your people

If you had to choose another career tomorrow, what would it be and why?

As a young fella I fancied myself as a golfer (some would say I still do) so I would have to say Professional Golfer.

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Suppor ting YOur Tr aining Ne e ds

Upskilling, retaining and enthusing your key talent has never been more important as we all continue to work in an uncertain and remote environment.

Cork Chamber Skillnet can support you with your upskilling requirements. We encourage your HR and Training leads to engage directly with our dedicated training team to access funding and develop and deliver bespoke in-house, virtual programmes, tailored to the specific needs of your company.

Our training team will conduct a training needs call with your Learning & Development Manager, as well as with our high quality trainers, to determine your requirements and adapt our training to create an experience that is unique to you.

For more information, please contact Garrett O’Rourke, Training Network Manager

E: garrett@corkchamber.ie T: 086 7777737

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e m p ow e r i n g yo u

Between a rock and a hard place: International Data Transfers Under Chapter V of the EU’s General Data Protection Regulation (GDPR) we are required to identify a legal basis for transfer of personal data outside the EU. This includes the storage of personal data on servers that are housed outside the EU’s jurisdiction A ‘legal basis’ may include an adequacy decision, the Standard Contractual Clauses (or Model Clauses), Binding Corporate Rules, and derogations such as the explicit consent of data subjects for non-regular transfers.

What has changed recently in relation to EU-US data transfers?

In July of this year, the European Court of Justice invalidated Decision 2016/1250 on the adequacy of protection provided by the EU-US Data Protection Shield, without a grace period. (You may know this decision as the “Schrems II” judgment.)

In simple terms, the consequence of this judgement is that data transfers between the EU and the US that rely on the Privacy Shield to provide adequate protection, no longer enjoy a legal basis for transfer if solely reliant on the Privacy Shield. The Schrems II judgment not only invalidates the Privacy Shield, it also casts doubt on the possibility of validly entering into contractual arrangements using the Standard Contractual Clauses (SCC) with data recipients in countries that may engage in surveillance practices that are incompatible with the guarantees required under GDPR standards for the protection of personal data.

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Will anything change when the UK fully leaves the EU at the end of 2020?

It is unlikely that the United Kingdom will be granted an adequacy decision in the very near future, which leaves us in a similar position when considering EU-UK data transfers. Can we rely on entering into the Standard Contractual Clauses now, post-Schrems II, to cover the EU-UK data transfers? Possibly not.

What to do next?

Currently, for transfers to the United States we cannot rely on the Privacy Shield and, likely, the Standard Contractual Clauses. However, there is commentary to suggest that if you had already entered into the Standard Contractual Clauses to leave as-is, for now, but try not to enter into these agreements going forward as a stop-gap to the invalidation of the Privacy Shield.

For next steps we look to the Data Protection Commission (DPC) for guidance. Currently, there is none.

However according to a quote in a recent press release, “While noting the Court’s reference to the fact that a supervisory authority could not suspend data transfers while an adequacy decision - such as Privacy Shield – was in force, the DPC acknowledges the central role that it, together with its fellow supervisory authorities across the EU, must play in this area. In that regard, we look forward to developing a common position with our European colleagues to give meaningful and practical effect to today’s judgment.”

‘‘

Have you done your risk analysis?

‘‘

Do you transfer data outside the EU?

In the absence of guidance from the DPC, we can look to the European Data Protection Board for guidance. Again, there is no guidance, however according to their FAQ documents, “the...Decision imposes an obligation on a data exporter and the recipient of the data (the “data importer”) to verify, prior to any transfer, and taking into account the circumstances of the transfer, whether that level of protection is respected in the third country concerned… Whether or not you can transfer personal data on the basis of SCCs will depend on the result of your assessment, taking into account the circumstances of the transfers, and supplementary measures you could put in place. The supplementary measures along with SCCs, following a case by-case analysis of the circumstances surrounding the transfer, would have to ensure that U.S. law does not impinge on the adequate level of protection they guarantee.”

Some practical next steps for SMEs 1.

2.

3.

4.

Assess your vendors and data transfers to determine whether or not any data is being transferred by your organisation outside of the protection of the GDPR (outside the EU).

Once you have determined the location of the third countries (include the United Kingdom in your assessment), you can then determine whether or not any of the countries enjoys an adequacy decision.

Look at the relationship and agreement you have in place with each of your vendors to which you export data and determine the legal basis for that transfer.

Are you doing the transfer on the basis of an identified adequacy decision, binding corporate rules, the Standard Contractual Clauses, explicit consent, etc? Document your findings.

Assess the legal regime of the country to which you export in order to determine whether or not there is an adequate level of protection afforded to data subjects’ personal data in the country to which you export this personal data. (For the United States particularly, you will find detailed guidance on how to

perform this assessment on the ‘None of Your Business’ (NOYB) website.)

5.

Once you have performed your assessment and drawn and documented your conclusions on adequacy of protection, you should determine whether or not you will continue exporting data that does not enjoy protections. Are you in a position to change vendors easily?

Is this a quick win option for you?

Or are you looking at complicated organisational repercussions that require a longer term plan? Will you raise a risk and accept this risk?

Document all your decisions.

Looking forward, Reuters recently reported that there may be a revised mechanism available by Christmas that will allow companies to transfer data around the world. In light of this, we would not advise on making rash decisions regarding vendors and transfers that are an integral part of your operations. In the interim, investigate, document, and decide whether to act or wait. Where necessary, open discussions with vendors in readiness for a revised mechanism or other necessary negotiations… And keep ‘data sovereignty’ on your radar as an upcoming interesting topic.

Philipa Jane Farley ProPrivacy ProPrivacy is run by Philipa Jane Farley, an expert consultant trained in technology and fundamental rights law, who holds an AI (comp sci) programming degree.

ProPrivacy makes it easy to manage your business’s risk level and ensure you don’t get tangled up in bureaucratic red tape. ProPrivacy is backed by more than twenty years’ experience in the realms of data and cyber security governance, risk and compliance management.

For a free, no-obligations chat, email info@proprivacy.ie or contact Philipa on 0838274889.

15

Cov e r Sto ry

Pictured above: Cork Chamber President, Paula Cogan with Zuzana Brosnan, Marketing Manager, Raymond Kelleher, Hotel Sales & Marketing, Brian Bowler, General Manager and Susie Fitzgibbon, Digital Marketing Manager from the Montenotte Hotel are the Overall Digital Marketing Titan. Cover Image: Brian Bowler, General Manager, Montenotte Hotel. Pictures: Darragh Kane

Shining a spotlight on Digital Talent in Cork!

On the afternoon of the 9th of October, Cork Chamber awarded the winners of the hotly contested Cork Digital Marketing Awards 2020.

On a Zoom full of Cork’s inspiring marketing titans, the awards, presented

by Sinéad Kennedy, recognised the responsive, strategic and creative approaches that businesses are bringing to all digital platforms.

Commenting on the awards which recognised all facets of digital marketing including Best in Content Creation, Best Digital Marketing Team and awards for individual channels from Website to Instagram, Paula Cogan, Cork Chamber President said: “In a year like no other, digital skills have come to the fore, and today it is a pleasure to recognise the pivotal work delivered by digital marketing teams. As businesses

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reshaped their operations, digital channels became central to keeping companies and brands connected with their loyal customer base, and to expanding their reach. This year, in particular, we have seen how resilience coupled with creativity and expertise has shaped some very successful projects and campaigns. We have much to reflect on and celebrate today.”

“Our Sales & Marketing Team are very innovative and technically strong and have harnessed our digital platforms and content to build brand awareness, build relationships and engage with potential future guests and past visitors of The Montenotte. I am delighted that our team and their excellent work in the area of Digital Marketing is being recognised with this accolade.”

This year saw The Montenotte Hotel declared as Cork’s overall Digital Marketing Titan 2020. On receiving the award, Brian Bowler, General Manager of The Montenotte Hotel said: “We are really delighted to win such a prestigious award at a time when the world of Digital Marketing has never been more important to not just ours but to every industry. We are fortunate to have a Hotel that is full of features and personality which gives us lots of opportunities to be present across our digital platforms.”

In closing, Paula said “We had excellent entries for the Cork Digital Marketing Awards this year, and I would like to congratulate all the teams, individuals and agencies who entered. We look forward to next year’s awards, when we will once again reflect on what will surely be, a year of exceptional output for digital marketers.”

Cov e r Sto ry

Cork Digital Marketing Awards 2020 Winners: Best Use of Digital by a Start-Up: Hype Digital Best Website – Less than 20 Employees: Alliance Packaging Best Website – 20-50 employees: The Everyman Best Website – 51+ employees: Johnson & Perrott Motor Dealerships Best in Content Creation - Less than 20 Employees: UCC Graduate Attributes Programme Best in Content Creation - 20 or more employees: Irish Distillers Best Use of Facebook – Less than 20 Employees: Access Credit Union Ltd Best Use of Facebook – 20-50 employees: Leahy’s Open Farm Best Use of Facebook – 51+ employees: Fota Wildlife Park Best Use of Twitter – Less than 20 Employees: Visit Cork Best Use of Twitter – 20 or more employees: Cork English College Best Use of Instagram – Less than 20 Employees: Sigma Homes Best Use of Instagram – 20 or more employees: The Montenotte Hotel Best Use of LinkedIn for Business: Ronan Daly Jermyn Best Use of Digital Marketing for the Greater Good: Cork International Hotel Best Digital Marketing Team: Crawford Art Gallery Best Social Media Campaign: The Montenotte Hotel Best Digital Marketing Student: Clara Janin, ApisProtect Best Transformation – Traditional to Digital Marketing: Enable Ireland Overall Digital Marketing Titan 2020: The Montenotte Hotel

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UPCOMING EVENTS

NETWORKING AT NOON LIVE @ GRANT THORNTON THURSDAY 5TH NOVEMBER 12PM-1PM ONLINE

SUSTAINABLE CORK PROGRAMME WEBINAR SERIES IN ASSOCIATION WITH GAS NETWORKS IRELAND

IN ASSOCIATION WITH RONAN DALY JERMYN MEDIA PARTNER IRISH EXAMINER

FRIDAY 6TH NOVEMBER 11AM-12PM ONLINE

TUESDAY 24TH NOVEMBER 8AM-9AM ONLINE

Join us for this interactive networking session online where you will meet other Cork Chamber members, make vital connections and enjoy an exclusive virtual tour of Grant Thornton's brand new office space at Penrose Dock.

The Sustainable Cork Programme, initiated by Cork Chamber at the height of the COVID-19 pandemic, is a programme designed to set a vision for a more sustainable and resilient Cork, empowered by a thriving business community.

As the pandemic continues, our popular face-to-face networking events are no longer an option but we are keen to provide you with the opportunity to meet and connect with other businesses virtually.

Our third webinar of the series titled 'Business Resilience in an Uncertain World: How Sustainability Can Help' will feature Dr. Tara Shine, Environmental Scientist and Madeleine Murray, Media Strategist, Change by Degrees who will discuss the importance of understanding risk and how to manage it in order to build resilience in an uncertain world.

This unique Networking session promises to give you a sneak peak into the brand new office's of Grant Thornton, Penrose Dock with a virtual tour from the penthouse floor, overlooking the gorgeous views of the Lee. Don't miss this ideal opportunity to break away from the day to day tasks, chat with fellow Chamber members and get an exclusive look at an exciting new office space in the City!

NOVEMBER BUSINESS BREAKFAST LIVE WITH ANN DOHERTY, CHIEF EXECUTIVE, CORK CITY COUNCIL

Our November Business Breakfast Live will feature Ann Doherty, Chief Executive of Cork City Council.

Ann will speak to members on the current and future direction of Cork.

Having recently grown to over 210,000 people and with a population set to increase to over 350,000 by 2040 our City region remains uniquely positioned to define competitiveness for years to come. It is time to Reimagine Cork.

Ann's former roles include General Manager, Cork University Hospital Group, National Director, HSE and CEO of the University of Limerick Hospitals Group.

Change by Degrees will touch on their 'Resilience 10 Point Plan' which can help businesses in all sectors to build sustainability into their vison and operations.

For more info and bookings on all events visit www.corkchamber.ie

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A SNAPSHOT OF OUR AUTUMN E-SERIES As this new world of Virtual Events continues to exist and evolve, we strive to provide valuable, timely and relevant content including our Sustainable Cork Programme Webinar Series, our October Business Breakfast Live and Networking at Noon Live.

WEBINAR SERIES Dr. Naomi Masheti, Cork Migrant Centre, Nano Nagle Place The Sustainable Cork Programme Webinar Series kicked off on Friday, 4th September and featured Dr. Naomi Masheti who discussed key topics including the Black Lives Matter Movement and ways of creating a more inclusive and sustainable city region. The webinar had over 40 engaged members in attendance and included an interactive Q&A session moderated by Shane Clarke, Nano Nagle Place.

Tony Reddy, Chair of The Academy of Urbanism & Sean Kearns, Director, Reddy Architecture + Urbanism The second webinar of the series titled 'Living in the Heart of Our City' took place on Friday, 2nd October with over 50 members and featured an introduction by Tony Reddy, followed by an expert look into 15 minute cities, the effects of the pandemic, and the City Development plan by Sean Kearns.

IN ASSOCIATION WITH

Keep an eye out for our next webinar of the series taking place on Friday, 6th November!

OCTOBER BUSINESS BREAKFAST LIVE October Business Breakfast Live with Martin Shanahan, CEO, IDA Ireland Our October Business Breakfast Live took place bright and early Friday, 9th October and featured an enlightening discussion with Conor Healy, CEO, Cork Chamber and Martin Shanahan, CEO, IDA Ireland with over 200 registrations. Members also had the opportunity to have a chat in our interactive networking session at the end of the discussion.

IN ASSOCIATION WITH

MEDIA PARTNER

NETWORKING AT NOON LIVE Networking at Noon Live Our Networking at Noon took place Tuesday, 13th October and provided over 30 members the chance to pitch their business and e-network with fellow members.

Check out our upcoming webinars at corkchamber.ie

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New members We welcome the following new members Ardu Capital Limited Property Developers Commerical Property Asset Manager and Investor, creating business space across all sectors.

T: 089 439 4992 E: bobby@arducapital.ie W: www.arducapital.ie Cork Printmakers Arts A printmaking studio and gallery with a focus on public engagement.

T: 021 432 2422 E: enquiries@corkprintmakers.ie W: www.corkprintmakers.ie Electric Avenue Bikes Ltd Retail Electric Avenue lease E-bikes to the business community as an alternative transport option for staff commuting to and from the workplace.

T: 01 524 0640 E: info@electricavenue-bikes.ie W: www.electricavenue-bikes.ie/ about/ Enterprise Holdings Transport Mobility providers whose traditional business is car and van rental but moving towards new solutions to modern day issues.

T: 087 439 6263 E: Aidan.Moynihan@ehi.com W: www.enterprise.ie Executive Search Ireland Recruitment/Executive Search Executive Search Ireland is a Boutique Executive Recruitment Firm specialising in finding talent for leadership positions.

T: 086 152 1647 E: annemarie@execsearchireland.com W: www.execsearchireland.com Extreme Coding Ltd IT Services We believe that software development is too slow. We believe that too many systems are delivered over-budget, late and most importantly with serious technical issues.

T: 085 251 6114 E: enquiries@extremecodefactory.com W: www.extremecodefactory.com/

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Facebook Computers/Hardware Founded in 2004, Facebook’s mission is to give people the power to build community and bring the world closer together. People use Facebook to stay connected with friends & family, and to discover what’s going on in the world T: 021 237 5800 W: www.facebook.com/ facebookdublin/

Living Systems Landscape Contractors Living Systems is a landscape design practice that focuses on biodiversity enhancement. We provide ecological surveys & site analysis, landscape design, implementation & maintenance plans, and work supervision.

T: 086 370 9563 E: info@livingsystems.ie W: www.livingsystems.ie/

Fusion Performance Services Executive and High-Performance Coaching for Businesses working with individuals and teams.

T: 021 454 6535 E: info@fusionperformance.ie W: www.fusionperformance.ie

Noblewood Landscapes Ltd Services Noblewood Landscapes Ltd. is a family run business and one of Cork’s largest landscaping companies established over 25 years ago.

T: 021 488 7767 E: john@noblewoodlandscapes.com W: noblewoodgardenstore.ie/

Gravity Architects Architects/Town Planners Award winning firm of Architects with studios in Cork, Dublin and Derry providing a professional, client facing service through Ireland and the UK. T: 028 712 63206 E: lnelis@gravityarchitects.co.uk W: www.gravityarchitects.co.uk Irish Rugby Tours Travel Agents Specialise in tailor made tours for special interest groups, leisure, history, sports, agriculture, music, charity, youth, or a group of friends wishing to travel together.

T: 086 813 4888 E: info@irishrugbytours.com W: www.irishrugbytours.com/ Little Angels’ Neurodesign Services Interior Design business specialized in designing babies’ rooms based on scientific data. We provide services and also sell tailored ebooks.

T: 085 874 2125 E: hello@littleangelsdesign.com W: www.littleangelsdesign.com McLoughlin Barry Estates Property Management/Lettings Property Management and Lettings in Cork City and County for 20 years.

T: 021 422 2888 E: info@mcloughlinbarryestates.com W: mcloughlinbarryestates.com

NorthPoint Technologies Education/Training/Languages E-Learning Platform for Kids & Children focused on Programming, Technical & Digital Skills.

T: 087 947 6122 E: northpointtechnologies@mail.com W: coding-playground.mn.co OD&C Advisory Services Limited Management Consultants Business Advice for Smaller Companies and Family Businesses who do not have specialist functions | Strategy Development and Implementation | Governance | HR | Change Management.

T: 087 237 1540 E: condoncolm@gmail.com W: colmcondon.com Peter McVerry Trust Charities Peter McVerry Trust is a national housing and homeless charity committed to reducing homelessness and the harm caused by substance misuse and social disadvantage.

T: 087 406 6284 E: sflynn@pmvtrust.ie W: pmvtrust.ie/

Psw landscaping Ltd Landscape Contractors Hard & soft scaping, design & construction, regular maintenance.

Septic tank design and installation and drainage.

T: 087 624 6355 E: paul@pswsvs.com W: www.pswsvs.com/contact/ Riordan SEO Ireland Advertising/Marketing/Market Research SEO and digital marketing startup providing results driven services.

T: 083 042 1670 E: fintan@riordanseo.com W: riordanseo.com/ie/ SGS Ireland Enterprise/Trade Development SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity.

T: 01 295 0654 E: transitnet.ireland@sgs.com W: www.sgs.ie The Cottage Community Cafe Food/Drink We are a locally run community Cafe in the heart of Mahon. We are under the management of The Rainbow Club for children with autism and all our profits go into helping the rainbow club financially.

T: 083 077 0316 E: cafe@rainbowclub.ie W: www.rainbowclub.ie The Dean Cork Hotel/Guesthouse/Conferences Opening Winter 2020. 113 bedrooms, POWER Gym, The Dean Bar, The Blue Room, Sophie’s Rooftop Restaurant.

T: 087 270 8792 E: colette@thedean.ie W: thedean.ie/

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Preparing for Bre xit While the economic impact of COVID-19 continues to be immediately pressing for business, we must prepare in parallel for the UK’s departure from the EU. The Transition Period is in place until 31st December 2020, at which point the UK will become a third country for customs purposes. This will mean significant changes in how we trade with the United Kingdom.

If your organisation is planning to import or export goods from the UK after the end of this year, then it is urgent that you take the following preparatory steps: 1.

2.

3.

4.

Register for your EORI number with Revenue Decide who will submit your customs declarations Know the key data and paperwork required for customs declarations Set up a customs payment plan

The Chamber has a dedicated Brexit page on our website which is updated regularly and outlines the many state supports available to businesses to assist you with your Brexit preparations.

Contact the International Relations and Exports team at Cork Chamber for assistance and guidance on your Brexit preparations as well as information on available training and supports.

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Keeping the Show on the Road Since March this year, the coronavirus pandemic has had a dramatic impact on the movement of goods and people and has severely affected global supply chains. The current climate has highlighted the unique challenges that Ireland faces as an island economy and exposed weaknesses in the resilience of international supply chains.

As the airline industry began to cut routes and discontinue services during the early days of the pandemic, the cost

of airfreight for exporting companies skyrocketed. On the other hand, many companies found it impossible to source containers for shipping their products, as port operations in vital hubs such as China were shut down.

Nonetheless, the frontline staff in the logistics and transport sectors having been working overtime to ensure that essential goods have kept moving, and although, due to an exponential growth in demand, some products such as IT

and home office products have been in short supply, for the most part, the supermarkets have been well-stocked and online purchases have arrived at our doors. The importance of international connectivity has never been so stark, as we fight to ensure that our economy remains competitive.

Connecting Cork to International Markets The topic of a recent webinar, held in association with the Irish American Business Chamber Network (IABCN) in Philadelphia, was the increasing connectivity between Cork and the East Coast of the USA, as demonstrated by the launch in May this year, of a new weekly direct shipping service from Cork to the US, giving Ireland its first direct container service to the USA in many years.

The Independent Container Line (ICL) service sails from the Port of Cork every Saturday arriving on the East Coast of the USA in Penn Terminals, Pennsylvania, 10 days later, offering Irish exporters the most reliable and fastest delivery times for their supply chains. For exporters sending their products onwards from Penn Terminals, a strong multi-modal infrastructure hub allows them to access 40% of the US population within a 24hour drive of the port in Pennsylvania.

Irish – US Trade

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The United States is Ireland’s top export destination, accounting for €47 billion or 31% of total exports. Ireland runs a trade surplus with the US of approximately €33 billion in goods (however we run a substantial services trade deficit with US, therefore our overall trade is balanced). There are over 500 Irish owned companies (in Ireland) exporting to USA, around two-thirds of these having a full-time presence in the US, ranging from a single person sales

office to manufacturing operations with thousands of employees. US-owned firms employ around 150,000 people in Ireland while Irish-owned firms employ around 100,000 people in the US. Our top exports to the US include pharmaceutical and medical products, beverages and dairy products.

Port of Cork Developments

With the opening of the Port of Cork’s new €80 million Cork Container Terminal in Ringaskiddy on the horizon, there is great potential to grow cargo volumes from and to Ireland. This is a fantastic strategic development for the Port of Cork, which is a designated Tier 1 Port, as they look to develop Ringaskiddy as a modern logistics hub. The new terminal will move Port operations from the river, out to a deepwater port which will be able to accommodate the berthing the largest container ships currently calling to Ireland.

The new transatlantic connection through ICL is complemented by a new sea route to Zeebrugge in Belgium, launched earlier this year by CLdN, providing a direct link to mainland Europe for Ro-Ro (roll on-roll off ) cargo.

Direct connectivity to Europe will be vital for Ireland come the end of this year, as the new customs regime with the UK is expected to cause significant delays for trucks transiting the UK landbridge to reach the EU market. More than 80 per cent of the one million RoRo lorries using Irish ports every year go through UK ports, with the remainder going on direct routes to continental Europe.

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Exporting and Supply Chain

How Cork Chamber can support you Exporting Advice and Information

Shaping EU Trade Policy

Learning & Networking at International Events

Cork Chamber’s Export team can provide advice and information about your export documentation requirements, such as:

The Chamber hosts the Enterprise Europe Network (EEN) project which provides supports to SMEs who are trading internationally or looking to expand into new markets. The European Commission uses the EEN, which has approx. 600 offices in over 60 countries, to gather feedback from SMEs on current and future EU policies and legislation.

The Commission is asking on SMEs to share their experiences of supply chain disruptions via a short questionnaire that will help them to calibrate their policies for recovery.

At a recent EEN event online, hosted by an EEN partner in Germany, over 250 participants registered for a cross-border conference and business matching session focused on the themes of digital innovation and current trends, such as IoT, in the areas of logistics, warehousing and transport. The event saw attendees from 38 countries registered for the pre-booked meeting schedule, which resulted in over 170 one-to-one meetings taking place online.

• • • •

Certificates of Origin ATA Carnets Legalisations Notarisations

Furthermore, if you are looking for information about your obligations as an exporter post-Brexit, then please contact our team.

You can participate in the survey here: https://ec.europa.eu/eusurvey/ runner/SCD-Covid19.

To keep up-to-date with the latest EEN events and initiatives see: www. ec.europa.eu

Me et the Inte r national Te am

Katherine Fitzpatrick Director of International Relations

T: (021) 4530137 E: Katherine@corkchamber.ie

Margaret Kelly EEN Coordinator

T: (021) 4530138 E: mkelly@corkchamber.ie

Imelda Mulcahy

Leigh Delaney

T: (021) 453 0130 E: imelda@corkchamber.ie

T: (021) 453 0148 E: ldelaney@corkchamber.ie

Export Documentation Manager

Exports & International Relations Executive

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on the move

Members announcements and new appointments Cognate Health announces strategic appointments

Ray Kelleher The Montenotte Hotel

Pictured Paula Cogan, Cognate Health’s new Chief Executive Officer with Chief Financial Officer, Jim O’Shaughnessy; Michael Philpott Operations Manager and newly appointed Chairperson Noel Creedon. Photo: Gerard McCarthy

Cognate Health, a leading nationwide occupational health provider, has announced a watershed move for the company with strategic appointments in Irish business and health. The new appointments see Paula Cogan, who was the Global Head of Sales at the Doyle Collection and is the current Cork Chamber President, taking on the role as Cognate Health’s new Chief Executive Officer (CEO). She joins newly appointed Chairperson Noel Creedon -— former CEO of iNua Hospitality — on the Board. Founder of Cognate Health, Professor John Gallagher, takes on a new role as the company’s Chief Medical Officer.

Eoin McGettigan CEO, Port of Cork

Eoin McGettigan has been appointed to the role of Chief Executive of the Port of Cork. Eoin replaces Brendan Keating who retired recently after 18 years of service as CEO. Eoin has thirty years’ experience as a Senior Executive in Retail, Wholesale and Property businesses. He has held senior board positions in Musgrave PLC as Chief Executive of Supervalu Centra, Director of Dunnes Stores and Director of Reox Holdings PLC. Eoin will steward the company from the River to the Sea through the commissioning of key infrastructure in the lower harbour whilst making available former assets for critical residential and commercial development.

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Terry Brennan, Cork’s 96FM

Cork’s 96FM has appointed Terry Brennan as the new Editor of its daily Opinion Line programme.

Terry has more than ten years senior editorial leadership experience with ITV. Most recently he was Head of News and Programmes for UTV in Belfast. Prior to this, he held similar positions in ITV’s Anglia and Westcountry regions. Terry replaces current Editor, Deirdre O’Shaughnessy, who leaves the station in mid-October to take up a new role with The Irish Examiner. The Opinion Line is presented by P.J. Coogan,is the most listened to morning talk show in Cork. According to the most recent audience figures (JNLR 2019-4) the programme has 70,000 listeners each day – a 7,000 lead over its nearest local rival.

The Montenotte Hotel has appointed Ray Kelleher as Director of Sales & Marketing. Ray most recently worked as Group Sales & Marketing Manager at Trigon Hotels and previously as Sales & Marketing Manager at the Clayton Hotel Cork City.

He is currently the Chairperson of the Cork City Centre Forum, is a very well-known personality in the business community in Cork, and brings with him a wealth of experience to his new role.

As Director of Sales & Marketing, Ray will provide strong strategic leadership for all sales, marketing, e-commerce and the public relations activity at the hotel as it develops its brand as one of Ireland’s leading Destination City Resort Hotels.

Debbie Power Johnson Controls International

Recently appointed as Strategic Ecosystem Director, Debbie is responsible for managing, maintaining and growing relationships with key partners across the EMEALA region with primary on driving activity and developing the go-tomarket strategy. Bringing 20 years of experience in the ICT industry, Debbie joins JCI from Vodafone where her most recent position has been as IoT Country Manager for Vodafone Ireland.

Prior to joining Vodafone, Debbie spent 13 years with BT in a number of roles covering Customer Service, Sales and Marketing. She holds an executive MBA from University College Cork and an H-Dip in Management and Marketing. Debbie serves on the board of Cork Chamber.

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AIB Together

AIB branches in Cork come together to support 84 local charities 2

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AIB branches in Cork have come together to support 84 local charities and help provide direct funds to local community efforts. €200,000 has been made available to branches across the country (€1,000 per branch) as part of AIB Together, the bank’s community investment programme.

Some of the Cork charities which received support from this fund in include; St Vincent De Paul, Pieta House, St Lukes Home, Cork Penny Dinners, Arc House Bantry, Kinsale Pink Ribbon, Carrigaline Community First Responder Group, Bishopstown Community Association (Meals on Wheels), Cork Volunteer Centre Midleton Meals on Wheels, Carrigtwohill Community Co, to name a few.

Speaking about the donations, John O’Doherty, Head of AIB Cork said “AIB has a long and proud tradition of supporting local communities in Cork. In these difficult times, we are very aware of the challenges facing our local charitable and voluntary bodies in supporting their client base and in raising much needed funds to maintain their services.

In recent weeks, the Bank have had the privilege to present donations to over 80 charitable and voluntary organisations based across Cork City and County with funds amounting to a total of €32,800.

Staff in each of the AIB Cork branches selected organisations in their respective communities and the net result is that we have been able to support a wide and varied range of deserving causes from across the county. The hope is that these

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John O’Doherty Head of AIB Cork presenting a cheque to Cope Foundation the Charity Partner for the AIB Sports and Social Club.

Rose McCarthy Branch Manager North Main St and Noreen Walsh Branch Manager 66 South Mall presenting a cheque to Michel and Caitriona from Cork Penny Dinners.

The team in Patrick St making a presentation to Rose Adair of St Vincent De Paul.

funds will make a difference to those in our community that need it most at this time.

Separately, AIB has also launched a fundraising initiative to further support communities impacted by the Covid-19 crisis. As part of the AIB Together programme, partnering with AIB’s long-standing Community partners FoodCloud and Soar, in addition to Alone & Pieta House, staff can fundraise or donate directly into a dedicated AIB Together Fund. AIB will then match the fund for final disbursement to the chosen charity.

AIB has set itself a target of raising €1million from colleagues which will be matched by €1million from the business – creating an overall ambition of giving €2million to communities most in need right now. Over €405,000 has been raised so far, including the matched funding.

The bank has also recently made a donation of €2.4million to help with the research for a Covid-19 vaccine in conjunction with Trinity College Dublin, as well as entering a partnership with Trinity to ensure that 450 laptop devices were delivered to second level students who were unable to attend school due to the Covid-19 crisis. The Tech2Students initiative was begun by Trinity’s Access Programme in association with the charity Camara Education Ireland.

Founded in 2018, AIB Together provides a platform for staff to support charities and causes across Ireland. Each AIB employee is entitled to two volunteering days per year to support their chosen cause as part of the programme and can volunteer or fundraise for a charity of their choice or one of our core community partners

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members news 1

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Gerard Walsh, Michael McAteer, Managing Partner and Michael Nolan, Grant Thornton pictured on the rooftop of Grant Thornton’s new Cork office at Penrose Dock.

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AIB were awarded the Outstanding Achievement in Sustainable Business Impact at the Chambers Ireland Sustainable Business Impact Awards 2020, (formerly the CSR Awards). The Awards were held online as a virtual ceremony for this year. Pictured at the AIB Corporate Headquarters upon presenting the award were Tadhg Lucey, Chief Operating Officer, BAM Ireland and Margaret Brennan, President, Chambers Ireland with Colin Hunt, Chief Executive Officer AIB. Picture: Finbarr O’Rourke

Thermo Fisher Scientific launches community grant Global life sciences company Thermo Fisher Scientific has launched a €45,000 community grant in celebration of its double anniversary. Assisting deserving causes, it will be divided between local community groups along with charitable causes close to the hearts of employees.

The contract pharmaceutical manufacturing facility is marking the first year of its Irish operation in Currabinny, along with recognising the legacy of the site where it now stands, which has been championing science for the past 45 years.

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To mark the anniversaries, Thermo Fisher Scientific’s Community Partnership Grant is open to community groups and charities in Cork’s Lower Harbour of Currabinny, Shanbally, Ringaskiddy,

Carrigaline and Crosshaven. The groups can apply by 31 October at www. thermofisher.com/csr/communitypartnership-grant. A share of the Community Partnership Grant will

also go to larger or national charities — selected, and voted by, Thermo Fisher Scientific employees. The beneficiaries will be announced in December.

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Barry Cogan, Carrigaline; Melanie O’Driscoll, Cobh; Carol Harpur, Midleton and Mick McCarthy, Youghal.

Identifying their town’s unique value proposition - participants from My Town, My Plan community training programme pictured recently at the Radisson Blu Hotel, Little Island. The programme was delivered by the Hincks Centre for Entrepreneurship Excellence, part of the School of Business at Cork Institute of Technology and funded through SECAD Partnership CLG. Picture Brian Lougheed An Taoiseach Micheál Martin, TD with David Heffernan Managing Director and Brendan Lenihan Chairperson as Irish International Trading Corporation celebrates 100 years in business. Picture Darragh Kane Paula McGovern Marymount University Hospital & Hospice with Tomas Mulcahy, Kevin O’Donovan Cork GAA CEO and Niall Cahalane, Cork GAA at the launch of GO RED for Cork. Picture: Gerard McCarthy

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A stunning Sculpture Exhibition was installed at The Montenotte Hotel’s sunken Victorian Gardens recently, in association with the prestigious Kildare Gallery.

Pictured at the opening are Fiona Kearney, The Glucksman Gallery with Frankie Whelehan, Montenotte Hotel. Picture: Gerard McCarthy Dr. Ivan Hayes, Consultant Intensivist and Critical Care Director at CUH, Dr. Owen O’Flynn, a 23 year old Trainee Doctor who spent time in CUH ICU as a patient with Covid-19 and Dr Corinna Sadlier, Consultant in Infectious Diseases at Cork University Hospital launch the National COVID Research and Scientific Meeting, a virtual conference for medical professionals and the public on the management of critically ill patients with Covid-19. Picture: Gerard McCarthy

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2020 Network Ireland Cork Businesswoman of the Year winner Linda O’Connell of the Society of St. Vincent de Paul Ireland with Network Ireland Cork’s president, Marguerite O’Sullivan. Linda, who was announced the 2020 overall winner at a virtual awards ceremony, also won in the Transformative Employee category. Picture Darragh Kane Crawford Art Gallery receives significant capital funds from Government to advance its major capital project to redevelop the Gallery. This announcement of €3.32 million is very significant and timely, enabling Crawford Art Gallery to move onto the next phase of procurement for the planned redevelopment of the Gallery under Project Ireland 2040.

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Chr istmas G ifts and Corpor ate Giving The Cork Chamber Gift Card is the ideal way to support local through your corporate gifting or employee rewards this Christmas.

So, when you shop this Christmas, champion local and remember that your company can have a direct impact and help the local Cork economy.

It’s that time of year when we plan ahead for the festive season.

And while discretionary spend is limited for many this year, it is more important than ever that we support local over the festive season and right into the new year.

Three years ago, Cork Chamber launched the Gift Card, designed to help businesses support local through corporate gifting and staff rewards.

Operated by One4All, Ireland’s leading multi-store gift card, the card is accepted by 100s of retailers and businesses across Cork city and county.

Importantly, the Cork Chamber Gift Card, supports the local economy by ensuring that the money stays within the Cork region, and this has proven to be very popular among the business community. Since its introduction in 2018, the Cork Chamber Gift Card has contributed nearly €900,000 directly into the local economy.

To find out more or order a Cork Chamber Gift Card for your staff rewards programmes or as gifts contact: E: Marjorie at mmccann@one4all.ie T: (01) 8708109

For full details on participating retailers, visit www.corkchamber.ie/ cork-chamber-gift-card/

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Virtual & Hybrid Events Studio now available in Cork

Do you have an Event that has recently been cancelled due to Covid?

AVC is one of Ireland’s leading audio visual companies. We have been assisting clients with their successful events now for over 25 years.

Online live virtual events offer great opportunities for creativity, innovation and can also allow remote contributions from your audience, but they do need professional planning and production skills, even more than your real-world events. AVC will make this entire process simple for you!

We are committed to listening and working closely with you to help you achieve all your requirements and goals for your next event.

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Contact your local Business Advisor today.

Are inflation and negative interest rates eroding value?

Right now, holding cash in an account or in a pension could actually cost you money. So, if you’re in that position, the best investment you can make, is a conversation with us.

By talking to you personally, our trusted Advisers can help you to find a solution that works better for you and your financial planning and investment goals. So, you could derive more value from your money, rather than less.

Let’s talk today.

Call us on +353 21 425 1420 or visit davy.ie/cork

J & E Davy, trading as Davy, is regulated by the Central Bank of Ireland.

We take our responsibilities personally.

Are there any positives with negative interest rates?

The impulse to protect what we have is instinctive in us all. This applies to all manner of possessions, not least our wealth. The application of negative interest rates for certain clients on deposit has understandably struck a chord. But it’s possible this may be a force for good, if it’s the call to action that triggers investors to confront a decision they have been unwilling to make.

Defining risk, not as volatility, but as loss of purchasing power, changes the investment landscape completely. What is traditionally defined as low risk, cash and bonds, becomes high risk in this context (as they have historically provided minimal security from inflation). The assets that have protected us from long term real losses, (e.g. equities, real assets) are low risk in this context.

Confusing certainty for security

Don’t seek certainty, seek good advice

All investors should have immediate liquidity requirements addressed as part of their financial plan. Does cash provide certainty? Unequivocally yes.

We are certain about the direction of deposit interest rates and that cash holdings will be negatively impacted. Does cash provide security? Unequivocally, no. The certainty of cash does not provide security against the real risk that investors face. And that risk is the real value of savings – the primary threat to which is inflation.

The default position of holding cash has always extracted a price in the form of opportunity cost. Now that decision is about to attract an explicit cost in the form of negative interest rates. Use this occasion to at least ask two questions; why am I holding cash and is the loss of purchasing power a more important risk metric than volatility.

We tend to think about money in nominal terms – euros and cents in our bank account. In the long run, the only rational definition of money is purchasing power. If my living costs double and my capital and interest thereon remain the same, I have effectively lost half my money. If money is purchasing power, risk becomes that which threatens it and security, that which preserves or enhances it. And this is the critical issue. We have grown up with the idea (misguided) that the primary risk of investing is the variability of our capital over short time horizons.

Defined as such, then cash does seem low risk.

Afterall, even with negative interest rates we can be fairly certain of what the value of a deposit will be six or twelve months from now.

If you are concerned about the impact of negative interest rates might have on your investments and would like to learn more about how we can help you turn a negative into a positive, contact Davy today on +353 21 425 1420 or visit davy.ie/cork to schedule a call with one of our advisers.

The information contained in this article is for informational purposes only. It is not a recommendation or investment research and is classified as a marketing communication in accordance with the European Union (Markets in Financial Instruments) Regulations 2017. This document is not intended to be comprehensive or to constitute an offer or solicitation for the purchase or sale of any financial instruments, trading strategy, product or service and does not take into account the investment objectives, knowledge and experience or financial situation of any particular person. There may be some situations where it is advisable to hold cash. Your Davy adviser will make recommendations suitable to your individual circumstances.

J & E Davy, trading as Davy, is regulated by the Central Bank of Ireland. J & E Davy is a member of Euronext Dublin and the London Stock Exchange. In the UK, J & E Davy is authorised by the Central Bank of Ireland and authorised and subject to limited regulation by the Financial Conduct Authority (FCA). Details about the extent of our authorisation and regulation by the FCA are available from us on request.

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Defining risk as loss of purchasing power

If you have a genuinely long horizon with liquidity needs that are satisfied, and chose to manage uncertainty through holding cash, you are trying to slay the wrong dragon (volatility). There are many firms that will provide you with the certainty you seek. But if it is long-term security you need, then the foregoing has implications for you. Don’t seek certainty. Seek good advice.