Industry is a pillar of stability in times of crisis

Nikos Loulis, Chairman of Loulis Food Ingredients and member of the Hellenic Federation of Enterprises (SEV), analysed the challenges arising from the volatile international environment, as well as the prerequisites for business resilience and sustainable growth, in the context of his participation at this year’s Delphi Economic Forum.

In his remarks, he underlined that resilience and sustainability have long been core characteristics of Loulis Food Ingredients, a company with a 244-year history. Representing the seventh generation of millers, he noted that the company has navigated a trajectory marked by significant challenges—from wars to economic crises—managing not only to endure but also to evolve.

“In times of crisis, speed in decision-making and effectiveness in execution are essential. Our people play a decisive role in this. We have invested in modern corporate governance, with the active involvement of the Board of Directors in both the formulation and implementation of strategy, as well as in continuous communication among team members,” he stated.

Referring to the Group’s transformation, Loulis highlighted the transition from a traditional flour milling company to a modern supplier of raw materials for the broader food sector, with a strong emphasis on innovation in both products and operations. “Change is constant and necessary. Shifts in dietary habits directly affect our customer base, driving continuous adaptation and investment,” he added.

He also made particular reference to the key challenges facing Greek industry, noting that high energy costs undermine competitiveness, especially in exports and in markets outside the European Union. At the same time, he highlighted the growing shortage of skilled human capital, which has intensified in recent years.

“Industry requires a high level of expertise and resilience. However, the current educational orientation and prevailing social culture do not support the strengthening of the sector. Long-standing issues also include bureaucracy, delays in the administration of justice, and infrastructure deficiencies,” he stressed.

“Industry must actively participate in shaping solutions”

In his capacity as a member of the General Council of SEV (Hellenic Federation of Enterprises), Loulis referred to the Federation’s initiatives aimed at addressing the structural weaknesses of the Greek economy, underscoring the importance of cooperation between businesses, the State and society.

“Industry must actively participate in shaping solutions. Dialogue with the State and society is crucial to achieving sustainable progress. SEV contributes meaningfully through well-documented proposals and initiatives,” he noted.

In closing, he outlined his vision for the restructuring of the country’s productive model, placing emphasis on the need for balanced growth.

“The Greek economy requires greater diversification. Tourism is a strong comparative advantage; however, it remains vulnerable in times of crisis. By contrast, industry can support a country during difficult periods. In Greece, however, its contribution still falls short of the European average,” he concluded.