Student entrepreneur Ryan Ormonde seeks Budget relief on rising transport costs

RTE reported that 22-year-old final-year college student Ryan Ormonde is hoping for relief on transport costs in the upcoming Irish Budget on Tuesday. Ormonde is the owner of Saor Water, a company that manufactures bespoke canned water products. [1]

According to RTE, Saor Water produces its canned water for brands looking for a sustainable alternative to plastic bottles. The product is manufactured in the United Kingdom, which has left the company's profit margins under pressure from cross-border shipping costs. [1]

Ormonde reported that transport costs for his enterprise have climbed by 30 percent over the past year, RTE stated. He added that his business is simultaneously dealing with price increases for raw materials, including aluminium and packaging. [1]

RTE reported that Ormonde spoke with multiple colleagues in the beverage industry who are experiencing identical financial strain. He expressed hope that the government will provide targeted support in the forthcoming financial plan. [1]

A student is a person enrolled in an educational institution such as a college or university to acquire knowledge and qualifications [4]. A budget serves as a quantitative financial plan that estimates revenue and expenses over a future period to manage finances effectively [5]. [4][5]