Coca-Cola Amatil has joined the list of companies attributing a decline in sales to lockdown measures.
The company has revealed sales volume declined by about 33 per cent in April compared with a year earlier.
May has seen some revival, although sales during the first three weeks of the month are still down 26 per cent compared with a year prior.
“April was a challenging trading month for the group, with the full brunt of the COVID-19 restrictions felt across all of Amatil’s markets throughout the peak Easter and Ramadan trading periods,” group managing director Alison Watkins said in a statement.
The downturn means the company will be reevaluating its next steps forward, Watkins confirmed.
“In parallel with handling the (COVID-19) situation, we are very focused in each of our businesses on what we think the longer-term resourcing shifts and potential reductions that we might need to make in our businesses are. And I think those will be different in each business,” she said.
“If there is a recessionary environment, which seems likely, we will need to respond to that and make sure that we’ve got the right level of resourcing to serve our customers, to produce our product.”
Please login with linkedin to commentCoca Cola
From Friday, December 4, Snapchatters and Bitmoji users will be able to pair with their own Bitmoji avatars with Levi’s casualwear apparel. The Levi’s x Bitmoji designs will also appear across a variety of experiences on Snapchat including Chat and games, on the Snap Map and in Lenses. All products will be available for purchase […]
John Chaplin (pictured), former Chief Product Officer of Hogarth Australia and Co-founder of award winning digital agency Fusion, has launched a new digital product design company, Diagram. Based in Sydney, Diagram are a collective of creators and makers who partner with individuals, agencies, startups, business and industry to design and build considered, elegant digital products. […]
After announcing the mega acquisition of workplace chat company Slack yesterday, tech giant Salesforce has made a raft of announcements as part of this year’s annual Dreamforce event, which has been held virtually. Headlining the announcements was news of Salesforce Hyperforce, which comes as a reimagination of the company’s platform architecture built to securely and […]