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What food retailers should do during the coronavirus crisis

What food retailers should do during the coronavirus crisis

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Here are six actions food retailers should take to help their communities, their employees, and their business.

SUMMARY

This reports takes a look at the key actions food retailers should take to help their communities, their employees, and their business during the conoraviris crisis.

The protection of staff during the Covid-19 is paramount. It is key to create an environment that encourages and enables social distancing or isolation to protect vulnerable people's health. Securing business continuity in the food retail sector is also essential, the research adds. Food stores and distribution centers have to stay open, staff must continue to work, home deliveries must be made, and customers need to be served, during the Corona outbreak.

The paper suggests food retailers to take a granular view of their local markets. Companies need to stay abreast of the situation at a detailed, local level that will enable them to respond correctly and quickly.

Companies in the food retaiol business have also to manage consumer demand in a proactive manner, the document explains, while transforming their business model to ensure that it is tech enabled.

Like other crisis period, the coronavirus threat can trigger new paths for growth and M&A. Companies in the food retail sector have the chance to explore new ways to serve customers, employees, and your stakeholders better for the longer term, the paper concludes.

OUTLINE

Employees' protection

Secure business continuity

Local reality

Management of demand and supply

Tech enabled and future proof business model

Reshape your ecosystem

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
What food retailers should do during the coronavirus crisis
Sub-Title
Here are six actions food retailers should take to help their communities, their employees, and their business.
Region
Global
Published
March 15, 2020
Publisher
McKinsey & Company
Author(s)
Bill Aull, Dymfke Kuijpers, Alex Sawaya, and Rickard Vallöf
Price
FREE
Language
ENGLISH

Content

Number of Pages
0
Number of Tables
5
Number of Exhibits
1
Topics
business-and-corona
Tags
corona, coronavirus, Covid-19, food commerce, food delivery, food ecommerce, food retailers, global, McKinsey, retail, supply chain, supply chain management
Author(s)
Bill Aull, Dymfke Kuijpers, Alex Sawaya, and Rickard Vallöf
Methodology
Not available.

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