Tuesday, 12 January, 2021, 08 : 00 AM [IST]
Nandita Vijay, Bengaluru
The food and beverage industry in the country encountered a slew of challenges during the Covid-19 pandemic and the global lockdowns that impacted movement of goods and services. From risks of supply, financial access, logistics, infrastructure, to management of operations and environmental concerns in the early days of the lockdown wreaked manufacture, access to market and manpower.
Covid-19 disrupted and dismantled supply chains. It led to stringent measures such as the imposition of trade barriers and export restrictions that have affected the global trade and negatively impacted the markets. The pandemic crisis has sharply depreciated the exchange rates, commodity and energy prices of the developing economies. With the rising costs of capital, the impacts are felt in the capital-intensive food and beverage operations.