Covid-19 briefing

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- ECONOMIC IMPACT -

Latest update: 20 October

Governments, led by the EU, are focusing on a sustainable economic recovery but developing countries have made fewer efforts to divert stimulus towards green initiatives

The price of oil is expected to rise amid signs of a strong recovery, particularly in the US

45%

In an October survey of 3,170 employees, almost 45% reported an increase in their productivity when working from home

5.9%

The IMF has forecast that global growth for 2021 will be 5.9%, a slip of 0.1 percentage points from its July estimate

A V-shaped recovery is expected in most G20 markets this year, while the G7 economies will see their bounceback rates vary as 2021 draws to a close

- SECTOR IMPACT: BEVERAGES -

Latest update: 3 November

Sentiment around the latest set of quarterly filings from FMCG companies remains largely positive after overcoming the worst of the pandemic.

SUB-SECTOR IMPACT

Alcoholic beverages


Alcohol brand owners will be optimistic about the combination of an easing of lockdown measures and the approaching festive period. However, consumers are likely to remain cautious with both their social interactions and their spend. 2022 is expected to provide a more solid landscape in which the recovery can be more sustainable.


Non-alcoholic beverages


Energy drinks, sports drinks and iced/RTD coffee drinks are best-placed to have grown in 2021, as innovation in these segments has aligned with the consumer’s health-consciousness. Meanwhile, a more indoor, sedentary lifestyle among consumers has emerged as a result of the last 18 months.

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