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Localised lockdowns make demand recovery uncertain despite growing sales: Consumer CEOs
Synopsis
India implemented the world’s biggest lockdown starting March 25 to curb the spread of Covid-19 and nationwide curbs were eased in phases from May onwards. However, states have been implementing intermittent lockdowns over the past few weeks that are disrupting supply chains and business cycles.
NEW DELHI | MUMBAI: Chief executives of leading global and local consumer goods companies such as Unilever, Coca-Cola, United Spirits, Parle Products and Asian Paints said India’s recent localised lockdowns have made demand recovery uncertain, despite sales performance improving sequentially.“Two steps forward, one step back — we had all our factories running and suddenly, many factories closed in Karnataka and Assam because there were local
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