Germany's Metro Cash & Carry on Tuesday said the lockdown will have financial impact on its Indian operations, but its focus will be to ensure there is no shortage of food and grocery supplies to kirana stores.
Hailing the government''s decision to extend the lockdown till May 3, Metro Cash & Carry India MD and CEO Arvind Mediratta told PTI in an e-mailed interview that social distancing is the most essential thing to follow in the current situation and the company will continue abiding by all advisories.
"The lockdown has impacted the economy adversely and that is a fact, and like every sector this crisis will impact the company financially. However, we are focusing all our efforts in serving the nation by ensuring Kiranas who provide 90 per cent of our daily essentials have access to all necessary products," he said.
Mediratta was responding to a query on the financial impact of the lockdown on the company.
"We are prioritising on maintaining a seamless supply chain system so that there is no shortage of food and grocery. At this point of time, as a wholesaler, adequate supply of essentials coupled with safety and hygiene of customers and employees is of utmost importance for us," he added.
Commenting on the plans charted by the company for the extended period of the lockdown, Mediratta said,"In terms of preparing further ahead- we are ensuring three important aspects of our business are being taken care of -- employees, customers and store supplies."
Disclaimer: No Business Standard Journalist was involved in creation of this content