Eolas Newsletter December 2022 

2022 has been a busy year for us here at Eolas, before we look back on it we would like to wish you all a happy holiday and good health & happiness in 2023.

We have some very exciting plans for 2023 and look forward to seeing you all again in the New Year!

 

As we approach the end of 2022, here are some things we have been working on since our last newsletter.

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Eolas Abroad!

Following the setup of our US division of Eolas International in March, we have been delighted with how well our US and Irish teams have integrated.

We have had opportunities to work with some great clients so far, and look forward to working with many more in 2023 and beyond!

 

Other Eolas & Industry News:


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The continued rise of E-Commerce, and it's disappointing consumer experiences

Read more here


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Consumer Quality Experience and our Closing The Consumer Experience Gap Webinar

Read more here


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Keep your friends close, but your competitors closer... 

Read more here



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Through our global network of researchers, in 2022 we helped many of our clients monitor the success of new product launches

Read more about trade sampling here.


Get to know the great people at Eolas!

In each newsletter, we profile a different team member so that you get to know the great people behind our great services.

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Get to know our Founder and CEO - Aiden Lee. 

Q: Tell me about your journey to here? – I always had an interest in business from a young age and in my teens, I used to write to large companies in Ireland looking for information on their businesses – I used to pretend I was doing a project on their company as I loved getting letters in the post with glossy brochures on a range of Irish businesses – I was even invited on a few company tours which were great. Having completed a Masters in Food Chemistry at University College Cork I started my first job in a laboratory in Cork which lasted 3 years until I got itchy feet and wanted to start my own business, which I did in 1997. I got great support from my first client and within 4 years we had built up a network of researchers in 70 countries to conduct monthly product retrieval for this client. This was the start of our global operation and we had 2 more clients using our global network for retail audits within 2 years.

Q How did you start to build your international network? – While we had basic internet capability in 2000, we didn’t have Facebook or other such tools so we relied on the tried and trusted telephone to recruit internationally. Irish people tend to turn up a myriad of places so we initially telephoned Irish bars in the likes of Tanzania to connect with Irish people that were willing to help us in recruiting locals to become our researchers locally. We even tried Irish embassies abroad and had the embassy driver’s wife as our researcher in Rome for the first couple of years! We are very proud that today we still have some of the original researchers who joined us 22 years ago working with us on monthly projects.

 

Q How has the company evolved over the years? – The focus of the business from day one has been on product quality by either directly measuring the quality of products in the marketplace using our researchers or retrieving products from the market to test product quality in laboratories.

 We then set up our sensory analysis division in 2002 as a quality assurance function and we now offer that service to numerous clients as well as our analytical testing laboratories which we set up in 2005. More recently we have successfully launched our global proficiency services and we have rebranded all of our sensory and analytical services under the ‘LabSens’ umbrella which is a new division of Eolas.

 Our consumer insights division initially focused on consumer research in the Irish market and we then went on to develop an international offering when in particular two of our clients started talking about product quality and its impact on consumers. We are really proud of how we have developed our international consumer research services and get great pleasure in receiving positive feedback from our clients on our innovative approach to engaging with global consumers using our bespoke app technology.

 

Q How has the company evolved over the years? – Personally, I was very proud to be nominated for the EY Entrepreneur of the Year in 2010, which was recognition for how much we had developed as a business and in particular the entrepreneurial ethos in the business. It is also extremely satisfying to win new business with large FMCG clients, against strong global competition with service offerings we have developed ourselves using our own technology developed by our internal teams.

 

Q what changes have you seen in your 20+ years in the industry – The biggest change across the areas we operate in are the technological developments which have led to opportunities for companies like Eolas to scale fast on a global stage and to succeed against larger less nimble competitors. We recognised at an early stage that by investing in technology, particularly mobile apps and client reporting dashboards, we could compete against any competitor and also offer innovative and unique services to our clients. If I look at our consumer division today, I can see consumers being recruited fresh for each project (we never use panel providers) by our in-house team in locations like Chile, China and UAE.

 

Q What next for Eolas? Further growth in clients and service offerings. We are constantly innovating and enhancing the range of services we offer across our 3 divisions. We are also investing further in technology to ensure we can get accurate data and business relevant insights to our clients as fast as possible. We are also delighted with our recent US acquisition and want to grow and develop the team and our offerings over there. We may also look at further strategic acquisitions to develop and grow our business

 

Finally, I would like to thank the team in Eolas who all played a major part in our success to date.

 

We would like to thank each and every one of our valued clients for their continued support in 2022 and look forward to working with you in 2023 and beyond. As a thank you for your support of Eolas we supported the following charities during the year:

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