FMCG companies that rely on a steady supply of input material are cutting back on production as strict curbs on consumer movement may impact demand for non-essential and discretionary products. (Bloomberg)
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. Updated: 24 Mar 2020, 11:52 PM IST
Unprecedented move to enforce lockdown across nation may lead to a shortage of discretionary goodsNestle, Godrej told exchanges they had trimmed or stopped operations at various locations
NEW DELHII :
The decision by fast-moving consumer goods (FMCG) companies to scale down operations at plants and warehouses, with the government announcing a further three-week lockdown, could lead to a temporary shortage of certain non-essential products of daily use.
In a filing to the stock exchanges on Tuesday, Mumbai-based Godrej Consumer Products Ltd and packaged food maker Nestle India Ltd said they have either scaled down or suspended operations at manufacturing and warehousing locations.