COVID-19 Impact on Chocoladefabriken Lindt and Sprüngli AG, 2021 Update
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"COVID-19 Impact on Chocoladefabriken Lindt and Sprüngli AG, 2021 Update", reports key findings as of 10th October, 2021 based on market analysis and brand diversification by industry and geography.
The confectionery sector witnessed mixed results during the pandemic hit 2020, while the recovery in 2021 was impacted by the spread of new variants and local restrictions to some extent. However, Lindt’s geographically diversified sales operations and strong brand portfolio are expected to assist the company in recovering from the lows of 2020. The company is actively investing in plant expansion along with launching new products and expanding its online sales capabilities in line with changing consumer behavior, which is expected to drive growth in the coming years.
Scope
– Countries in Asia-Pacific are expected to recover well, but the prospects show a mixed picture on a country-by-country basis rather than the global region
– Africa, the Middle East, and Asia will present favorable market conditions for food industry
– Lindt operates in food, and non-alcoholic beverages, offering well-known brands
– The latest forecasts show all industries are expected to have a positive outlook during 2020-2025, and alcoholic drinks will grow the fastest, backed by premiumization in selected sectors
– Lindt can focus on expanding its business in the fast-growing Africa, Middle East, and Asia regions
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– Access valuable strategic take-outs to help direct future decision-making and inform new product development.
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