Reaction of FMCG companies in the times of Covid-19
Here, I have captured how various consumer products companies are reacting in this time that is saddled with the outbreak of pandemic caused by a novel Corona virus called Covid-19. It includes Indian companies as well as those located outside. 1. Marico: Product availability amidst lockdown is the biggest priority, not pricing. 2. ITC - ramping up production of sanitizer, handwash liquids and food items. 3. Amul - has increased its production by 20%. This increase in on account of two reasons : consumers are hoarding out of panic; secondly consumers are shifting to milk-based products because there is an advisory against egg and meat. 4. Godrej Consumer Products - was planning to increase the price of its soap due to a 30% increase in input costs but has now shelved its plan and has increased production to meet the increase in demand. It has also increased the production of handwash and sanitizers. 5. HUL - has reduced prices by 15% for Lifebuoy sanitizers, Lifebuoy liqu...