Financial sustainability of food industry enterprises: factors and features of supply

The article reveals the reasons of reducing the financial sustainability of Russian enterprises specializing on food production. The authors carry out the analysis of recent trends in the activity of processing enterprises and reveal external and internal factors impeding their development. Food industry retains its investment attractiveness because of its rapid return on investment of funds compared to the basic branches. The authors indicate such negative factors as the high degree of depreciation of fized assets, their low level of technology, poor modern energy-intensive production lines or new packaging. It is important for the food industry enterprises to take into account the regional specificity of external environment. In this regard the authors developed a flow chart of complex assessment, which would allow making conclusion about the level of regional risk. To ensure the financial sustainability of the investigated enterprise the authors proposed the simultaneous activation of tools of State support and the manufacturers themselves. The regional program should form a favourable business environment, improve the competitiveness of food production, the organization of production, infrastructure and technology development, attract highly qualified personnel in the region. The article deals with the conditions of strengthening the financial state at the regional level. They include tax incentives, lower rent payments and transport tariffs, provision of subsidies to business development and providing access to cheaper credits.