The Effect of Covid-19 on the Food and Beverage Industry in Nigeria by LIMULT
The Food and Beverage Industry consists of all the organizations involved in transforming raw agricultural products into consumer food.
The overall industry supply chain includes food processing, packaging, and distribution. It does not cover raw food production.
This industry includes fresh food, packaged food, and beverages (both alcoholic and non-alcoholic).
From food sold at the grocery store to cooked meals served at restaurants, institutions, and events, this industry serves a huge variety of retail outlets.
The Effects Of COVID-19 To The Industry
The major challenges almost all businesses are facing has been from the effects of the pandemic. Some businesses flourished overnight, while others struggled to adapt.
Managing supply chain disruption is not new to manufacturers and industrial companies. Still, the effects of the COVID-19 pandemic made it more paramount for processes and operations to change.
In the past few months, countless pictures of empty grocery store shelves were shared verifying that grocery store supply chains were not prepared for the spike in demand.
It’s important for manufacturers to understand the consumer’s mindset and apply innovations to minimize further disruption in the supply chain.
As a result of the change in consumer demands, larger companies have been acquiring smaller companies to tap into their resources that appeal more to the market.
Big companies seek smaller companies for many factors like innovation, sustainability, corporate social responsibility, and sometimes for simple healthy ingredients.
Role of LIMULT Group in the Construction of Food and Drink Industry
From process and packaging to food safety, automation and more, our solutions help customers increase production, solve labor shortages, mitigate costs, and ensure FSMA compliance.
Whether you need everything or just one thing, we can design, build, or optimize a turnkey solution.
Contact us at +2347052446249 for more information on our redefining industry development services or visit our store at www.limult.com/shop to see more products that we make available for you.
