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Mars: Coronavirus (COVID-19) Company Impact reports key findings as of April 15, 2020 based on market analysis and brand diversification by industry and geography.
Mars may witness a significant reduction in its overall sales; however, the product diversity of its brand may reduce the losses incurred due to COVID-19. Some staple categories could well benefit, but as these constitute a very small share in the company's revenue it may not have a huge impact. The company needs to update its strategies to minimize loss of brand sales. In addition, the company should launch various discount offers to attract consumers.
Scope
- Mars's strategy of strengthening its social and digital media presence is likely to reduce the impact of the COVID-19 outbreak on its sales.
- Mars's food business should focus on defensive strategies to mitigate losses.
- Mars's pet care business is likely to be impacted by the economic downturn caused by the disease outbreak.
Reasons to Buy
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Table of Contents
COVID-19 impact analysis on Mars - Key findings as of 15th April, 2020- Mars's strategy of strengthening its social and digital media presence is likely to reduce the impact of the COVID-19 outbreak on its sales
- Geographic spread analysis - COVID-19 vs Mars's brand sales
- Mars's diversification may offer some level of relative resilience against the pandemic's effects on brand sales
- The impact of COVID-19 on regional GDP per capita levels
- Global GDP is set to decline by 5% compared to 2019 as a result of the COVID-19 outbreak
- Mars's exposure: brand sales by region and sector vs regional impact levels
- The impact of COVID-19 on Mars's brand sales is likely to be significant for both food and pet care
- Food business exposure: brand sales by region and sector vs regional impact levels
- Mars's food business should focus on defensive strategies to mitigate losses
- Pet care exposure: brand sales by region and sector vs regional impact levels
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