The company experienced challenges throughout the COVID-19 (coronavirus) pandemic
The company experienced some challenges during the volatile period surrounding the COVID-19 (coronavirus) pandemic. Worldwide, a variety of coronavirus-related restrictions were put into place, including the temporary closure of restaurants, bars and pubs. This, in turn, led to sharp declines in retail outlet consumer purchases and in purchases made of company-branded products in restaurants, bars and pubs. Moreover, these restrictions led more people to purchase beverages to consume at home which, in turn, led to an increase in online shopping for the company鈥檚 products. Furthermore, the company focused efforts toward protecting the health and safety of employees and communities external from the company. In fact, the company provided employees with the flexibility to take of family-related responsibilities as well as various benefits through its Employee Assistance Programme. Additionally, the company donated more than 10 million hand sanitizer bottles, in addition to countless masks and other hygiene products.
COVID|ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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