Food and Agribusiness

SMEs fight for their lives in face of coronavirus: ‘It is a nerve-wracking time’

Small and medium sized food brands who have benefited from the diversification of the grocery aisle in recent years are now feeling the squeeze as the unprecedented coronavirus crisis sweeps Europe – and the world. The average projected loss in revenue in 2020 plans, for those that felt capable to estimate at this stage, stood at 33%. Ahead of the coronavirus crisis, around 40% of food was eaten out of home in the UK.

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