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Mondelēz says product demand stabilizes after lockdown spike


December 23, 2020 | 12:06 am
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REUTERS
SALES of snack products have started to stabilize after most of them recorded a surge in demand for most of the pandemic lockdown, an official of the food and drinks company Mondelēz Philippines, Inc. said.
Atul Kulkarni, plant lead of Mondelēz Philippines, said in a virtual interview in early December that the company saw increased demand for much of 2020 compared with previous years, indicating panic buying when restrictions were first put in place followed by demand from families working from home.
“Very recently, we are seeing it to become stable now, since it cannot be always spikes. So, we are seeing stable demand as of now in the market. There is some demand impacted or affected because of the festive season, but that happens every year,” he said. ....

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