Algeria was already in an economically and politically fragile state before COVID-19 and now, in 2020, the country faces new challenges. Being highly dependent on oil and gas imports, Algeria is now on economic alert due to a decline in barrel prices in 2020, driven by the impacts of COVID-19. The government-ordered lockdown in order to prevent...
Prior to the pandemic, one of the most pertinent factors in exerting a negative impact on potential volume growth of packaged food was the contraction of the Japanese population due to a declining birth rate. This was encouraging manufacturers to focus on the development of higher-value products, particularly in mature categories. Packaged...
Broadly speaking, sales of packaged food are set to see polarisation in 2020 as a direct result of the impact of COVID-19. The Lithuanian government’s rapid response to the onset of the pandemic saw the closure of all shops and businesses, with the exception of grocery stores, pharmacies and veterinary pharmacies. In addition, all educational...
COVID-19 has had a significant impact on the packaged food industry in 2020. Foodservice closures and capacity limitations to prevent the spread of the virus have led to large spikes in retail demand for packaged food, at the expense of foodservice sales. Eating occasions have shifted into the home, and this has changed the way consumers eat...
Packaged food will see a significant impact from COVID-19 in 2020 with drastically reduced revenue takings. This was largely due to the temporary closure of bars and restaurants from mid-March to mid-May, which was imposed to reduce the spread of the virus. After May, the venues were allowed to reopen provided social distancing restrictions...
Many consumers rushed to stock up on products like rice, cooking oil and frozen processed potatoes, as well as shelf stable offerings ranging from processed red meat to milk, during the early weeks of the pandemic. Larger pack sizes proved particularly popular. However, demand for discretionary products like snacks declined. The economic impact...
In response to the outbreak of COVID-19, the Slovenian government implemented many restrictions, starting with a national lockdown that begun on 20 March 2020. Under lockdown, schools were forced to close, and employees had to work from home where possible. Only essential retailers could remain open and the foodservice industry was also obliged...
Back-to-basics will be the overriding theme in Croatian packaged food during 2020. The number of unemployed people is rising, many more are scared of losing their jobs, the local tourism industry has been devastated by the pandemic, and a significant number of households have seen a decline in their disposable income. Packaged Food...
Dough rising: A slowdown in downstream demand is expected to constrain revenue growth to a degree Abstract Baking Mix & Prepared Food Manufacturing in Canada The Baking Mix and Prepared Food Manufacturing industry in Canada has experienced strong revenue growth over the five years to 2019. An improving...
Sugar rush: Growth in the world price of sugar is expected to bolster industry product prices Abstract Confectionery Wholesaling in the US The Confectionery Wholesaling industry includes merchant wholesalers that distribute candy and snack products to a variety of retailers, including grocery stores,...