Tiger Brands braces for tough second half as Covid-19 disrupts supply chains

With depressed consumer spending it could cost food producer R500m in lost profit

Boxes of Jungle Oats, one of South Africa's Tiger Brands original products. Picture: REUTERS / MIKE HUTCHINGS

As existing stock is depleted the group expects its six months to September will be affected by a cost push due to rand weakness, global supply chain disruptions and additional costs incurred during the lockdown, the group said. “We anticipate that demand patterns will change and are preparing for significant changes in consumption and shopping behaviour as we move out of the acute phase of the national disaster period and into what is likely to be a deep and prolonged recession,” said CEO Noel Doyle.

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