COVID-19 Impact on Molson Coors, 2021 Update
"COVID-19 Impact on Molson Coors, 2021 Update" reports key findings as of 3rd May, 2021 based on market analysis and brand diversification by industry and geography.
Alcoholic beverages companies faced hardships in 2020, as major nations worldwide implemented lockdowns and restricted travel impacting on-trade and off-trade channels. In addition, the dampened tourism industry also affected beer & cider sales. The ongoing second wave of COVID-19 is hampering the economic revival of various countries, and the beer & cider sector is projected to register muted growth in the company's major markets-North America and East Europe. However, Molson Coors' focus on innovations and expansion plans for businesses other than beer, including hard seltzers, nootropic drinks, and non-alcoholic beverages, is expected to drive the company's revival plans during the forecast period.
Summary
"COVID-19 Impact on Molson Coors, 2021 Update" reports key findings as of 3rd May, 2021 based on market analysis and brand diversification by industry and geography.
Alcoholic beverages companies faced hardships in 2020, as major nations worldwide implemented lockdowns and restricted travel impacting on-trade and off-trade channels. In addition, the dampened tourism industry also affected beer & cider sales. The ongoing second wave of COVID-19 is hampering the economic revival of various countries, and the beer & cider sector is projected to register muted growth in the company's major markets-North America and East Europe. However, Molson Coors' focus on innovations and expansion plans for businesses other than beer, including hard seltzers, nootropic drinks, and non-alcoholic beverages, is expected to drive the company's revival plans during the forecast period.
Scope
- Countries in Asia-Pacific are expected to recover well, but the prospects show a mixed picture on a country-by-country basis rather than the global region
- Favorable market conditions for beer & cider in most of the regions should boost Molson Coors' recovery prospects
- Molson Coors has its presence in alcoholic and non-alcoholic beverages industries, owning a variety of popular brands
- The COVID-19 pandemic has had significant impact in particular industries, such as alcoholic drinks and some categories under cosmetics and toiletries. However, all industries show a positive outlook during 2020-2025, and severely impacted categories are expected to see some bounce back
- Molson Coors needs to focus on strengthening its business in fast-growing Middle East and Africa, as North America and East Europe will witness muted growth over the forecast period
Reasons to Buy
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Table of Contents
- COVID-19 impact analysis on Molson Coors - key findings as of 3rd May 2021
- Geographic spread analysis - Molson Coors brand sales
- The impact of COVID-19 and economic recovery prospects
- The forecasts on Molson Coors' regional sectors
- Company overview - Molson Coors
- Consumer goods industry impact
- Molson Coors' brand sales by sector and region
- The impact of COVID-19 on Molson Coors's thematic scorecard
- About the Publisher
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Molson Coors
- Suntory
- Carlsberg
