Spurt in food demand and sales during the lockdown keeps the ticker up for food retailers and brands
Progressive Grocer|April 2020
At a time when there are very few fundamental growth acceleration stories in any industry other than the fast-gaining-notice bankruptcy industry, the food sector has been the one to buck this downward slide and has in fact seen the demand for many food categories shoot up in the wake of the Covid crisis.
Sanjay Kumar
Spurt in food demand and sales during the lockdown keeps the ticker up for food retailers and brands

They say that gold is the only commodity whose value is burnished by grim news. That’s because in response to any generalised fears of socio-economic turmoil, people always prefer to have a claim on gold in a vault to one on cash in the bank. Which, of course, adds to the allure and appeal of gold and makes it ever more valuable as an alternative store of wealth. No wonder that the value of gold has been steadily ratcheting up to climb the rarefied stratospheric airs over the past few days as news of the coronavirus-covid-19 rampage turned more apocalyptic.

Along with gold, one more commodity to have succeeded in adding more lustre to its sheen since the virus contagion began rippling dangerously across the world, has been our everyday food staples. At a time when there are very few fundamental growth acceleration stories in any industry other than the fast-gaining-notice bankruptcy industry, the food sector has been the one to buck this downward slide and has in fact seen demand for many food categories shoot up in the wake of the Covid crisis.

This story is from the April 2020 edition of Progressive Grocer.

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This story is from the April 2020 edition of Progressive Grocer.

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