Adeline Kon/Food Dive
This is the third article in a four-part weekly series that looks at how food and beverage companies fared during the pandemic.
The first part looks at how the pandemic boosted the CPG food business overall. The second part features charts comparing several publicly traded food companies pandemic-period sales to those a year prior.
Next week, Food Dive looks at how companies are likely to perform moving into the post-pandemic period.
As Coca-Cola President and CEO James Quincey began the conference call that accompanied the soda giant s quarterly earnings release on July 21, he solemnly and calmly opened with an overview of the bad news in the company s most recent quarter.
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This is the first article in a four-part weekly series that looks at how food and beverages companies fared during the pandemic. The second part, also published today, features charts comparing several publicly traded food companies pandemic-period sales to those a year prior.
Next week, Food Dive looks at the companies that did not follow the same growth pattern as most.
While 2020 was a bad year for most businesses, many people and health in general, the food business was booming.
As a whole, CPG food and beverage saw unprecedented growth, with industry sales up 12% in 2020, according to Stacey Haas, a partner at McKinsey & Company. A Food Dive analysis of earnings reports from publicly traded food companies in the U.S. showed sales growth in a single quarter up as much as 38% over the same quarter in 2019.
The storm shaking US tech in digital India
India s Prime Minister Narendra Modi speaks to the media after his meeting with President Ram Nath Kovind, to stake claim to form the new government at the Presidential Palace in New Delhi, India May 25, 2019. REUTERS/Altaf Hussain
For Americans, it might seem like ages ago. But three months after US social-media companies banned President Donald Trump from their platforms, those decisions are still shaking up international markets.
Foremost among these markets is India, where contentious debates over US technology platforms and their influence have gained strength and considerable political attention. In the immediate aftermath of the Trump bans in January, politicians and political operatives from India’s ruling Bharatiya Janata Party (BJP) issued a slew of commentary critical of the decisions and US tech platforms more broadly.
India s Finance Minister Nirmala Sitharaman holds up a folder with the Government of India logo, as India s Chief Economic Advisor Krishnamurthy Subramanian and Minister of State for Finance and Corporate Affairs Anurag Thakur look on as she leaves her office to present the federal budget in the parliament in New Delhi, India, February 1, 2021. REUTERS/Anushree Fadnavis
The Indian government recently announced a new budget aimed at providing a major boost to healthcare and infrastructure development. The budget is the country’s latest bid to spark a post-pandemic recovery and advance Indian Prime Minister Narendra Modi’s vision of
Atmanirbhar Bharat an economically self-reliant India. In a speech presenting the budget, Indian Finance Minister Nirmala Sitharaman outlined six key pillars on which the budget is based: health and well-being; physical and financial capital and infrastructure; inclusive development for an aspirational India; reinvigorated human capital; innovation a