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COVID-19 Impact on Molson Coors Brewing Company, H2 2020 Update

COVID-19 Impact on Molson Coors Brewing Company, H2 2020 Update

Summary

COVID-19 Impact on Molson Coors Brewing Company, H2 2020 Update reports key findings as of 8th September, 2020 based on market analysis and brand diversification by industry and geography.

Dependency on beer and cider will cost the company significantly. In particular, volume sales in beer in North America have been sluggish, and the pandemic will cause further slowdowns in sales. However, Molson Coors's rapid adoption to alternative measures like developing its digital presence and expanding its operations in the areas where COVID recovery is progressing well will help the company to ride out the crisis.

Scope

- The rising number of COVID-19 cases in the US is expected to affect the company's business significantly.
- Molson Coors will see the impact of COVID-19 on its sales across all regions, especially in North America and Eastern Europe.
- Molson Coors's business follow its peers in losing business due to COVID-19.
- After an ongoing fall in previous quarters, Molson Coors's sentiment score records a modest rise in Q2 2020
- Molson Coors is modifying its operations to cater the changing consumer needs during the pandemic

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COVID-19 Impact on Molson Coors Brewing Company, H2 2020 Update
Published By :GlobalData
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