Retailing in Saudi Arabia was hit hard in 2020 as a result of the COVID-19 pandemic, which resulted in a major slowdown of economic activity due to the government-imposed curfew and social distancing legislation. Also, the government raised value added tax (VAT) from 5% to 15% in July 2020. Retailing in Saudi Arabia report offers insight...
Retailing in Bolivia was first negatively affected by social and political conflict that occurred at the end of 2019. The effect of social unrest on the economy lingered and was aggravated significantly during 2020 due to the pandemic and the lockdown that followed. Unemployment rose sharply and consumer disposable incomes decreased. This...
During the pandemic, prices of fresh food in Spain increased in 2020. This was, in part, due to disruptions of the supply chain as producers had to adapt their production processes to account for social distancing and hygiene requirements during the COVID-19 pandemic. These disruptions in the supply chain increased the cost of logistics considerable,...
Fresh food is a very important industry for Brazil, with pulses, starchy roots and meat being highly popular components of local consumers’ daily nutrition intake. While the country remained among the global leaders in terms of total volume sales of fresh food in 2020, the impact of the Coronavirus (COVID-19) pandemic was severe on the industry...
Prime cut: Increasing consumer spending is expected to help boost industry revenue growth Abstract Meat Markets in the US The Meat Markets industry retails a variety of fresh, frozen and cured meat primarily to households, as well as other downstream markets. In recent years, competition from traditional...
In 2020, the meat market recorded a dramatic decline in the foodservice, which has led to a total volume decline for the landscape. The decline in foodservice was the consequence of lockdowns installed in the UK, as well as some consumers ongoing concerns about visiting foodservice establishments, stifling sales throughout the year. Meat...
The COVID-19 pandemic had a strong impact on many categories within fresh food in Morocco in 2020 as transport restrictions, unemployment rates, and fluctuations in supply and demand affected product prices and consumer consumption. Additionally, due to restaurant, hotel and other foodservice venue closures, the category experienced greatly...
Coronavirus (COVID-19) had a severe impact on macroeconomic and demographic indicators in the country, with rising unemployment rates, reduced purchasing power and greater informality in the labour market. With more consumers working and studying from home because of long-term social isolation measures, it was expected that home seclusion...
Prior to the pandemic, one of the most pertinent factors in exerting a negative impact on potential volume growth of fresh food was the contraction of the Japanese population due to a declining birth rate. To combat this, fresh food producers were focusing on leveraging on key trends shaping consumer demand, particularly the growing influence...
Fresh food recorded lower total volume growth in 2020 compared to 2019 as the COVID-19 pandemic boosted retail sales across many categories at the same time as severely impacting foodservice and institutional volumes. Foodservice was expected to remain vulnerable to lockdown periods and restrictions into the early part of the forecast period....