COVID-19 Impact on General Mills, Inc., 2021 Update

COVID-19 Impact on General Mills, Inc., 2021 Update

  • August 2021 •
  • 19 pages •
  • Report ID: 6177982 •
  • Format: PDF
COVID-19 Impact on General Mills, Inc., 2021 Update

Summary
"COVID-19 Impact on General Mills, Inc., 2021 Update" reports key findings as of 19th August, 2021 based on market analysis and brand diversification by industry and geography.

Although the COVID-19 pandemic has impacted many other businesses in 2020, the food industry posted growth and is also expected to see growth in the coming years.The established brands and solid geographic presence of General Mills have helped it to deal with the COVID-19, as it witnessed a 4% increase in organic net sales in 2020 compared to 2019.

The company has a diversified product range in the food industry to support its growth during the ongoing pandemic. Finally, innovative initiatives such as the launching of an ecommerce brand by the company will help it to bounce back with more growth in the future

Scope
- Countries in Asia-Pacific are expected to recover well, but the prospects show a mixed picture on a country-by-country basis rather than the global region
- The food industry will register the fastest growth in Africa during 2020-2025
- General Mills has its presence in food industry, owning a variety of popular brands
- The latest forecasts show all industries are expected to have a positive outlook during 2020-2025, and food and household products continue to grow strongly
- The moderate CAGR of the food industry in North American markets may pose challenges for General Mills’ food business during the forecast period

Reasons to Buy
- Understand the challenges and opportunities for a specific company in order to tap into what is really impacting the industry.
- Gain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.
- Access valuable strategic take-outs to help direct future decision-making and inform new product development.
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