The Impact of Coronavirus on Indian FMCG Industries
Market Reports on India Provides the Trending Market Research Report ‘The Impact of Coronavirus on Indian FMCG Industries”under Business Services Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Impact of Coronavirus on Indian FMCG Industries COVID-19-led stringent lockdown has restricted economic activity across the country and has impacted the economy’s growth even further. The lockdown which began 24 March has restricted manufacturing activities and disrupted the supply chain across industries bringing the economy to a standstill, with the recovery post-lockdown likely to be slow. Request a free sample copy of India Passenger Car Market Report Request a free sample copy of Impact of Coronavirus on Indian FMCG Market Report http://www.marketreportsonindia.com/marketreports/sample/reports/2086160 WHY BUY THIS REPORT? Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions. HOME SECLUSION DRIVES DEMAND FOR ESSENTIAL PRODUCTS With people restricted to their homes coupled with limited access to foodservice, consumers are cooking more at home which has increased the demand for packaged food and home care products. Concern about infection will keep consumers under home seclusion post-lockdown as well and contribute to demand for these products remaining stable. Consumers to spend more cautiously on non-essential items Discretionary categories to see biggest impact during and post the lockdown. Furthermore, the economic impact leading to salary cuts and increased unemployment levels will make consumers more cautious about their spending on discretionary categories at least in 2020.