Impact of the Lockdown on Food Imports? The impac...

Impact of the Lockdown on Food Imports? The impact has been detrimental and tremendous on food imports at various fronts: a. Containers have been stuck in limbo as delay at ports due to labour shortage, delivery order delay from shipping lines, testing delay from food safety accredited labs, unavailability of forklifts & transport facilities. b. HORECA represents 50% - 60% of the imports trade due to the ingredients being used by the hospitality industry. During Covid-19 sales have dropped down to zero with cash flow crunch from the players and dues over 90 days. Industry reportedly has not been paid for goods supplied since January 2020 and is stuck with a few hundred crores worth of stock lying at their warehouses, based on the forecast and contracts of the hospitality partners. c. Travel retail has been impacted severely with unpaid stock lying at various travel retail outlets across India but no travellers to purchase these goods. d. Traditional retail has been performing with great perseverance and paying on time but modern retail has been showing signs of weakness and payments delays have now been stretched to 120 - 150 days. The severe disruptive impact on demand caused by the pandemic has created large cash flow gaps for corporates. e. The top commodity, which has been impacted are almonds and apples approximately to the tune of Rs 1, 000 crore. f. International F& B industry is looking at a loss of Rs 15, 000 – 20, 000 crore in these three months of lockdown due to expiry of products lying at warehouse, sales loss, additional cost of compliance with Covid-19 and fixed expenditure. Purpose / Source: Awareness for all / FNBN Impact of the Lockdown on Food Imports|India Fights Corona|Practising Social Distancing in Indore |Global Standard News Indore|Keep Food Safety in Mind for Shopping Essential Items during COVID-19 in Indore|Stay Home in Indore|Stay Healthy in Indore|Stay Safe in Indore|Break the Chain of COVID-19| Practise Good Personal Hygiene|Kosher Certification Services in Indore|Food Safety Management System Consultancy in Indore|Kosher Certification Services in MP|Food Safety Management System Consultancy in MP|Kosher Certification in Indore|Kosher Certification in MP|Kosher Certification Consultancy in Indore|Kosher Certification Consultancy in MP|Leading Kosher Certification Agency in Indore|Leading Kosher Certification Agency in MP|Kosher Certification in MP|Kosher Certification in Indore|OK Kosher Certification Partner in India|OK Kosher Certification Partner in Indore|OK Kosher Certification Partner in MP| Kosher Certification Requirements Guidance in Indore|Kosher Certification Requirements Guidance in India|Kosher Certification Requirements Guidance in MP|Kosher Certification Fees|Kosher Certification Services in Indore|Kosher Certification Services in MP| ISO Certification Consultancy in Indore|ISO Certification Consultancy in MP|Kosher Certification Implementation|Food Safety Trainings in Indore|Food Safety Trainings in MP |GMP+ Certification in Indore|GMP+ Certification in India|FSSAI Compliances Experts in Indore|FSSAI Compliances Experts in Indore |GMP+ FSA Certification in Indore|GMP+ Standard Audit Consultants in Indore|GMP+ Trainings in Indore|GMP+ FRA Certification in Indore|GMP+ Scheme Guidance in Indore| GMP+ Fees|GMP+ Project 2020 in Indore|GMP+ Project 2020 in MP|GMP+ Documentation in Indore|GMP+ Documentation in MP|GMP+ B1 Consultants in Indore|GMP+ B2 Consultants in Indore|GMP+ B1 Consultants in MP|GMP+ B2 Consultants in MP|Lead Auditor Training in Indore|Food Safety Audit Consultants in Indore| Food Safety Management System Consultants in Indore|Food Safety Management System Consultants in MP|Ayush Certification Consultants in Indore| ISO Certification Consultants in Indore|Quality Management System Consultants in Indore| Quality Management System Consultants in MP| Shark Certification Indore|ISO Quality Certification Services in Indore|Sharkindia Indore|Ayush Standard Mark Certification in Indore| FBOs in Indore|Occupational Safety & Health Consultants in Indore|Quality Certification in Indore|GMP+ Certification Consultants in Bhopal |GMP+ Certification Consultants in Mumbai| GMP+ Certification Consultants in Pune |GMP+ Certification Consultants in Lucknow| GMP+ Certification Consultants in Kokan| Kosher Certification Consultants in Bhopal| Kosher Certification Consultants in Mumbai| Kosher Certification Consultants in Pune Kosher Certification Consultants in Lucknow |Kosher Certification Consultants in Kokan For more information please visit - http://www.sharkcertification.com/