COVID-19 Impact on Grupo Bimbo S.A.B de C.V., 2021 Update
"COVID-19 Impact on Grupo Bimbo S.A.B de C.V., 2021 Update" reports key findings as of 19th August, 2021 based on market analysis and brand diversification by industry and geography.
Food sectors have performed relatively better even during the COVID-19 pandemic, as consumers stockpiled essential items such as staple foods during the lockdowns. This helped Grupo Bimbo to record 44.2% growth in net income in 2020.1 As consumers across the globe are slowly relinquishing the stockpiling behavior and returning to buying what they consume immediately, the demand for food sectors is coming down from the peaks witnessed during the lockdowns. Grupo Bimbo reported a 2.9% decline in Q2 2021, compared to peak sales in the corresponding quarter in the previous year.2 Although the company is actively adopting organic and inorganic growth strategies to expand its operations in growing markets such as Asia, in order to reduce its overdependence on Americas, Grupo Bimbo should focus on expansion in Africa and Middle East regions as well, which will present ample growth opportunities.
Summary
"COVID-19 Impact on Grupo Bimbo S.A.B de C.V., 2021 Update" reports key findings as of 19th August, 2021 based on market analysis and brand diversification by industry and geography.
Food sectors have performed relatively better even during the COVID-19 pandemic, as consumers stockpiled essential items such as staple foods during the lockdowns. This helped Grupo Bimbo to record 44.2% growth in net income in 2020.1 As consumers across the globe are slowly relinquishing the stockpiling behavior and returning to buying what they consume immediately, the demand for food sectors is coming down from the peaks witnessed during the lockdowns. Grupo Bimbo reported a 2.9% decline in Q2 2021, compared to peak sales in the corresponding quarter in the previous year.2 Although the company is actively adopting organic and inorganic growth strategies to expand its operations in growing markets such as Asia, in order to reduce its overdependence on Americas, Grupo Bimbo should focus on expansion in Africa and Middle East regions as well, which will present ample growth opportunities.
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
- Africa, East Europe, and Middle East should present favorable market conditions for the food industry
- Grupo Bimbo operates in the food industry, offering well-known brands in bakery & cereal and snacks sectors
- The latest forecasts show all industries are expected to have a positive outlook during 2020-2025, and food and household products continue to grow strongly
- Asia will present ample opportunities for Grupo Bimbo’s overall growth, while Latin America business may pose challenges
Reasons to Buy
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- Access valuable strategic take-outs to help direct future decision-making and inform new product development.
Table of Contents
- COVID-19 impact analysis on Grupo Bimbo S.A.B de C.V.- key findings as of 19th August 2021
- Geographic spread analysis - Grupo Bimbo brand sales
- The impact of COVID-19 and economic recovery prospects
- The forecasts on Grupo Bimbo regional industries
- Company overview - Grupo Bimbo
- Consumer goods industry impact
- Grupo Bimbo’s brand sales by industry and region
- The impact of COVID-19 on Grupo Bimbo’s thematic scorecard
- Deep dive into Grupo Bimbo’s scorecard
- About the Publisher
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Grupo Bimbo S.A.B de C.V.
- Nestle
- Conagra
