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IFEAT 2008 Montreal Highlights: Threats and Opportunities for the Industry
Posted: December 3, 2008, from the December 2008 issue of P&F magazine.
In opening the 2008 conference of the International Federation of Essential Oil and Aroma Trades in Montreal, Canada, organizing committee chair Kim Bleimann (Berjé) announced that this year’s gathering boasted 590 delegates from 42 countries. Bleimann remarked on the great number of participants from India and China—representing nearly 20% of total attendance—which he felt underscored the shifting of business to these areas of the world. “
This past year has been extremely turbulent and certainly exciting,” he said. “Not since 1973–1974 have we seen such shortages and wildly inflationary price increases on essential oils and aroma chemicals. There have been several conflicting and contributing factors coming into this mess, the first one being the Olympics, disrupting supply from China, which has focused for many of us the incredible reliance we have had on China as a source of supply. [Second,] the cost of fuel has impacted fertilizer, transportation and production and distillation costs, which are more important than we sometimes realize.” Bleimann went on to note that the global credit crunch could affect the industry in as yet unforeseen ways, in addition to impacts from REACH, air freshener legislation in California and environmental concerns across the globe. “We worry daily for the future of essential oils if we fail to be proactive in fighting these myriad threats.”
In this spirit of upheaval and opportunity, Bleimann invited the delegates to take the conference as an opportunity to learn, raise questions and foster discussion.
This is only an excerpt of the full article that appeared in P&F Magazine. The full content is not currently available online.