Download GlobalData’s Covid-19 Executive Briefing report
- ECONOMIC IMPACT -
Latest update: 17 March
Concern over the spread of COVID-19 remains volatile, so does business optimism.
Employment prospects have consistently improved since July; many employees want a flexible return to offices.
The OECD projects global economic growth at 5.6% for 2021.
According to EuroStat, EU27 and Eurozone area contracted by 6.2% and 6.6% respectively in 2020.
Impact of Covid-19 on employment outlook
- SECTOR IMPACT: FOOD -
Latest update: 3 March
Second quarter 2020 sales increased 7.4% versus the year-ago period.
Second quarter hit by global lockdown with sales down 5.7% on a like-for-like basis.
value chain impact (mid-term)
Consumer goods companies are likely to be forced to analyse their sourcing strategies.
As restaurants begin to open with social distancing measures demand will increase but lower than previous years.
As events, schools, and companies begin to get back to normal, catering service providers revenues will increase.
Social distancing measures will decrease restaurant capacity, negatively impacting revenue.
Likely increased uptake of online delivery.
Key Food developments