The Impact of the 2008-09 Recession on the CPG Industry
The impact of COVID-19 on the global CPG industry is unprecedented, and the recession it is causing will also be unlike anything we’ve seen. More than 40 million Americans may be furloughed or laid off. Restaurants, cultural institutions, sporting events and non-essential services have been shuttered. Social restrictions are widespread. Already, nearly $2.7 trillion in economic stimulus has been approved to support consumers and businesses
