Worldwide activities of Aryzta see an increase in revenues.
Switzerland’s Schlieren – Since the coronavirus (COVID-19) pandemic-related lockdowns and limitations have loosened in several regions of the world, revenues continue to rise across the majority of Aryzta’s international businesses. However, the Swiss-based corporation stated in a post on August 11 that worries about a second round of restrictions could present difficulties going forward.
Although sales in North America increased in July, Aryzta stated that volatility is still there as several states and significant cities reimpose prohibitions. In particular, the business stated that while foodservice is still affected by COVID-19-related regulations, quick-service restaurants and retail are still comparatively strong.
According to Aryzta, most economies in Europe are coming out of lockdown, but some are worried about a new round of restrictions. In Europe, QSR and retail are steadily getting better but the foodservice sector is still stagnant.
In other news, Aryzta reported that although its performance in Brazil is improving, it is still difficult, and worries about the effects of a second wave of illnesses in Australia and Japan are intensifying.
“Since the effects of COVID-19 became apparent in mid-March, management has acted decisively to safeguard and optimise liquidity,” Aryzta added. This included furloughing employees, taking use of government assistance programmes, stopping capital expenditures, stopping bakeries’ output to lower capacity in step with demand, and minimising discretionary costs.
Although limitations are easing in Using modified shift patterns, Aryzta has increased production in response to emerging markets and additional regional regulations. Many lines are still running at reduced capacity, though.
Aryzta stated that it has started to modify output in response to some markets relaxing limitations. Out of the 70 lines operated by the corporation, 63 are operating, and as of April 30, just one baking facility in North America remains completely paused. This is in comparison to five other paused facilities. In Europe, out of 83 production lines, 69 are operating, and there is only one entirely paused baking facility, compared to three on April 30.
Additionally, Aryzta has reduced the amount of workers on furlough. Approximately 14% of Aryzta’s employees were on furlough as of July 31, down from 30% as of April 30.