COVID-19 Impact on J.M. Smucker, 2021 Update, reports key findings as of 26th November, 2021 based on market analysis and brand diversification by industry and geography.
Smucker's primary business is food and pet care, which benefited from the impact of the COVID-19 pandemic in 2020. The company has a limited geographic presence, concentrated primarily in the North American market, yet the region's outlook is relatively favorable for the company. Its strategic restructuring plans such as divesting the Crisco business, expansion of production for Uncrustables snacks, and reinforced focus on its pet care business are expected to provide an impetus for its future growth. However, further challenges will remain, such as uncertainty caused by new variants of COVID-19, cost inflation, and supply chain disruption. Smucker will need to continue reacting to the market changes and consumers' behavior changes in the coming years to keep up its growth.
Smucker's primary business is food and pet care, which benefited from the impact of the COVID-19 pandemic in 2020. The company has a limited geographic presence, concentrated primarily in the North American market, yet the region's outlook is relatively favorable for the company. Its strategic restructuring plans such as divesting the Crisco business, expansion of production for Uncrustables snacks, and reinforced focus on its pet care business are expected to provide an impetus for its future growth. However, further challenges will remain, such as uncertainty caused by new variants of COVID-19, cost inflation, and supply chain disruption. Smucker will need to continue reacting to the market changes and consumers' behavior changes in the coming years to keep up its growth.
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
- Food, pet care, and non-alcoholic beverages industries are expected to register a growth during 2020-25
- The J.M. Smucker Company operates in three industries, offering products under well known brands across the globe
- The latest forecasts show all industries are expected to have a positive outlook during 2020-2025, and alcoholic drinks will grow the fastest, backed by premiumization in selected sectors
- Favorable market conditions are Asia is expected to present ample opportunities for the growth of Smucker
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Table of Contents
- Covid-19 Impact Analysis on the J.M. Smucker Company Key Findings as of November 26, 2021
- Geographic Spread Analysis - the J.M. Smucker Company Brand Sales
- The Impact of Covid-19 and Economic Recovery Prospects
- The Forecasts on the J.M. Smucker Company Regional Industries
- Company Overview - the J.M. Smucker Company
- Consumer Goods Industry Impact
- About the Publisher
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The J.M. Smucker Company
