Covid-19 lockdown: Mondelez, other FMCG giants indicate dent in business

In an investor call, Dirk Van de Put, Mondelez's global chairman and CEO said the firm went "absolutely blank" in the first phase of the lockdown, which began on March 25

Confectionary major Mondelez, owner of the Cadbury brand, on Wednesday said the nationwide lockdown has taken a toll on the firm, the country’s largest chocolate maker. Mondelez joins a slew of global firms that have indicated a dent in their business due to the curbs.
 

In an investor call, Dirk Van de Put, Mondelez’s global chairman and chief executive officer (CEO) said the firm went “absolutely blank” in the first phase of the lockdown, which began on March 25, with close to “zero sales” during the period.

“When the original lockdown was announced, it was impossible to get people