NEWS WELCOME - Carrfields

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NEWS WELCOME - Carrfields
NEWS
WELCOME
TO OUR SECOND ANNUAL WINSEED NEWSLETTER.

The updates below encapsulate our journey
over this last year, including key highlights and
challenges we have faced as a business. We
hope you enjoy reading this newsletter, and
thank you for being a part of our journey.
NEWS WELCOME - Carrfields
NEW ZEALAND
                                      business internationally that they   Our teams continue to strive for
                                      are ready and certainly need to      excellence, always looking for
                                      travel again, Winseed included.      ways to improve our products
                                      We hold hope that 2022 will          and services to our customers.
                                      allow us to reconnect in person      We      have      some         exciting
                                      once again.                          developments          in    our    R&D
                                                                           programme, which will continue
                                      Our business is generally tracking
                                                                           to bring our newly bred hybrids
                                      along well, supported by good
                                                                           to the market. Additionally, our
                                      agricultural   commodity   prices
                                                                           seed processing facilities have
                                      and   consumption.     Increasing
                                                                           recently received a boost to
Thankfully, most of our operations    seed production costs (owing
                                                                           enhance our seed treatments and
have continued as usual despite       to higher farming input costs
                                                                           packaging. We have also invested
the ongoing inconveniences of         and high Ag commodity prices)
                                                                           in a custom-built CRM and
COVID restrictions.
                                                                                          sales        contracting
Although we in New
                                                                                          app,        which    will
Zealand can say we       OUR TEAMS CONTINUE TO STRIVE FOR                                 further support our
have     been   lucky
                          EXCELLENCE, ALWAYS LOOKING FOR                                  customer & sales
compared to many
                          WAYS TO IMPROVE OUR PRODUCTS                                    teams. Our Winseed
other parts of the
                                                                                          team continues to
world, over these         AND SERVICES TO OUR CUSTOMERS.
                                                                                          grow as we invest
recent      months,
                                                                                          in the future of our
talking to customers
                                                                                          business which aims
worldwide, it seems as though         and freight issues are the key
                                                                           to add value to farmers. You can
many of you are now enjoying          challenges we face. Freight and
                                                                           read more about this in a section
freer travel movements than us.       global logistics have deteriorated
                                                                           further on about our people.
Earlier, we saw here that getting     over the last 12-months, with
the population’s vaccination rates    sailings to and from NZ being        Finally, I want to say a special thank
to a minimum of 90% had given         reduced and, in some cases,          you to all our clients and team
our government the confidence         costs being 3-5 times higher         members for your continued
to allow the borders to reopen.       than the prices of previous          support    and     cooperation       in
However, with the latest onset        years. In India, our operation was   these volatile times.
of Omicron threatening to cause       impacted earlier this year as they
further disruptions, there is still                                        Thank you,
                                      experienced a severe wave of
uncertainty on what the future        COVID-19 through the country,
holds. There is a clear signal from   resulting in strict lockdowns and
those companies here who do                                                                Tom Sherratt
                                      generally more uncertainty.
                                                                                     Winseed General Manager
NEWS WELCOME - Carrfields
SUPPLY CHAIN & SHIPPING
Since 2020, It has been a very            coupled     with       the     extended       may subside as international
difficult time for our global supply      working time of these vessels,                travel resumes. This will only offer
chains. The COVID-19 pandemic             we then saw pricing for shipping
                                                                                        a small reprieve, therefore, we
has wreaked global havoc, with            containers increase on average
multiple lockdowns continuing             by around 60%. This increase                  would like to take this opportunity

to slow or even temporarily stop          applied to all trade lanes, with              to ask that order requirements
the flow of raw materials and             some shipping lines deeming it                for 2022 be communicated to us
finished goods to market.                 not feasible to service certain
                                                                                        as soon as possible. Our team are
                                          routes at all.
As many of the initial lockdowns                                                        working hard to ensure that we
lifted, the demand for global, con-       From a New Zealand perspective,
                                                                                        have bookings with the shipping
tainerised shipping skyrocketed to        we were also heavily affected by
                                                                                        lines in place at least two months
unprecedented levels, and ship-           the strike action on Australian
ping companies were left unable           Waterfronts.           This          action   prior to the expected departure
to keep up with booking demands           significantly delayed vessels on              date. We also speak with our
and infrastructure availability.          their southbound calls, inflicting
                                                                                        shipping      companies   daily   to
                                          even more schedule volatility.
Operational      constraints       and                                                  ensure delivery timeframes are
labour    shortages      on     most      Air    freight    capacity      to     and
                                                                                        upheld as best as possible.
waterfronts,      coupled          with   from New Zealand has also
pressures on available land-              been       extremely          restricted,     We want to take this opportunity
side services such as trucking            with the limited capacity only
                                                                                        to thank you all for your support
operations, saw vessel layover            being available at 4-6 times the
and transit cycles extend to              standard cost, further increasing             and understanding during what

timeframes never seen before.             demand           for     containerised        has been a very challenging year,
                                          shipments.                                    and we look forward to working
Our main trans-shipment hubs
in Singapore, Brisbane, Tanjung           Unfortunately,         for    2022,     we    closely with you on your 2022
Pelepas    and     Tauranga        (the   are expecting no fundamental                  deliveries.
main New Zealand exporting                changes apart from the fact that
port), were struck with severe            air freight cargo capacity issues
congestion.       Vessels          and
containers were unable to be
processed for many weeks, if at
all, in some cases.

Governed by this very imbalanced
supply    and    demand        model,
NEWS WELCOME - Carrfields
INDIA

                                                                                              Augustin on his trip to India.

In August, Winseed’s India team      business is quickly catching up        the markets of Madhya Pradesh
got together for the first time      for lost time with several of our      and Tamil Nadu.
in over 1-year, due to COVID         leading products now placed in the
restrictions, to hold their annual   market for the rabi and summer         In November, Augustin Thieffry,

awards meeting. Fifteen awards       sowing seasons. Beetroot, okra,        Winseed’s advisor based in France,

were presented, recognising top      cucumber, watermelon, peas and         visited     our     India      operations.

performers across all aspects        radish remain our top-performing       He     travelled       throughout         the

of the operation. Although the       products throughout India. Our         country to meet with customers
challenges of COVID earlier this     carrot hybrids and beetroot also       and saw our brand and product
year had our operation at a near     showed impressive results in their     performance first-hand in the
standstill for several months, the   first year of commercialisation in     market.

                                                                  The Winseed India team at their annual awards meeting.
NEWS WELCOME - Carrfields
RESEARCH & DEVELOPMENT
CARROT BREEDING                    SALES APP                       NEW AUTO PACKING LINE

Our hybrid carrot crossing and     Beginning in 2022, our sales    Our new automatic packing
wider breeding programme           teams will be using our new,    machine was recently installed
is progressing well. We have       custom-built sales App, which   at one of our office locations,
18 new experimental crosses        includes a CRM system and       Woollen Mills Drive, in New
this year, which will be hand-     enables more effective sales    Zealand. This machine packs
harvested in March 2022. Our       and supply chain planning and   carrot and beetroot seeds into
team will evaluate the harvested   management. Customers will      our branded pouches which
product and have initial results   see a slight format change      are then distributed across the
during the second half of 2022.    in our contracts once this is   globe.
Beyond this, we have recently      implemented.
increased our activity and
investment in breeding carrots
and beetroot, creating
prenatal lines for the
next generation
of Winseed
hybrids.
NEWS WELCOME - Carrfields
OUR PEOPLE
To support Winseed on its growth path, we have recently strengthened our team
with the following appointments:
STEPHEN TAIT                           SHARON BRADFORD                        GEMMA WILLIAMS
Supply Chain Manager                   Logistics Administrator                Key Accounts Manager

Our supply chain operations            We welcome Sharon Bradford             Gemma Williams has recently
have been strengthened with            to the Winseed team. Sharon            been promoted to support
Stephen Tait joining the team.         has been promoted from within          our business in the areas of
As Winseed continues to                the Carrfields Group where she         sales, order planning and
experience a strong period of          has been employed over the             customer service. Gemma
growth, Stephen brings a deep          past 13-years. Sharon brings a         has had a lot of experience
understanding of our products          high level of attention to detail      in logistics and customer
and how they move through the          and a keenness to support              service. She is looking

supply chain from production           our shipping operations as we          forward to interacting

through to our customers to            deliver our products to over 40        directly with many of

our team.                              destinations around the world.         our key clients.

HAPPY HOLIDAYS
As Christmas nears and the end of the year is upon us, we all are glad for some
time to relax and refresh.

Winseed will be closed from 24 December, 2021 until 6 January, 2022. For any
urgent issues, please ring either Tom Sherratt on +64 27 538 2676 or Gemma
Williams on +64 27 240 1774.

Last but not least, at this time, more than ever, our thoughts are with you
and your families over the holiday season. After not one but two long and
challenging years since COVID has changed our everyday lives, we hope you
find peace, happiness and joy spending time with family and friends while
ringing in the new year.

Wishing you a very Merry Christmas and a Happy New Year.
NEWS WELCOME - Carrfields NEWS WELCOME - Carrfields NEWS WELCOME - Carrfields NEWS WELCOME - Carrfields
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