COVID-19 Impact on Unilever Plc, 2021 Update

COVID-19 Impact on Unilever Plc, 2021 Update, reports key findings as of 18th November, 2021 based on market analysis and brand diversification by industry and geography.

Unilever benefited from its presence in the household products and food industries in 2020, which helped it in negotiating the difficult period without much damage to its operations and growth. The wide geographical presence and diversified product portfolio of popular brands is expected to support its growth over the forecast period. Unilever’s investments in new technologies and strategies to ride the ecommerce wave will provide a much-needed impetus for growth in future.

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
• Household care to lead the recovery of consumer industries in post-COVID new normal, followed by food, and non-alcoholic beverage industries
• Unilever operates in six 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
• Unilever must focus on Asia, the Middle East, and Africa to exploit the growth potential and reap the benefits of favorable market conditions

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