COVID-19: Impact on food & beverage consumer product companies has been saved
COVID-19: Impact on food & beverage consumer product companies
Guidance for consumer products executives leading food and beverage companies
Consumer Products food & beverage companies are facing significantly reduced consumption as well as disrupted supply chains. At-home consumption has increased, but out-of-home consumption – which historically generates the highest margin – has come to nearly a standstill. There may be long-term changes in customer behavior and demand.
Topics covered in this article:
- Potential long-term impact on Consumer Products food companies, including sourcing strategies, distribution networks, and commodity pricing.
- Key questions leaders should ask, including about alternative channels, and ongoing relationships with key suppliers and customers.
- Practical next steps, including contingency plans for supply chain disruptions, and supporting business continuity.