COVID-19 Impact on Asahi Group Holdings
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COVID-19 Impact on Asahi Group Holdings July 20th, 2020 based on market analysis and brand diversification by industry and geography
Sales losses by COVID-19 impact will be inevitable for many of companies that operate alcoholic beverage businesses, including Asahi Group Holdings. However, the company will have some resilience, particularly against its competitors as the disease in Asahi’s key markets are relatively under control, shifting to the recovery process. Additionally, alcoholic beverage operator that also owns food brands is relatively unique, and which may work as the company’s strength.
Scope
– Asahi Group Holdings will see an adverse impact of the pandemic on its sales, but it may have an advantage due to its geographic presence
– COVID-19 has impacted sales of the company’s alcoholic and non-alcoholic beverages categories, globally
– Alcoholic drinks, which make up the core of Asahi Group Holdings' business, will underperform across regions
– Alcoholic beverage sales are expected to be impacted in the Eastern European and Asian regions in 2020
– The impact of COVID-19 on the baby care industry in Asia will affect the company's sales
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