JBS faces a package of problems and opportunities from coronavirus — Panjiva
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JBS faces a package of problems and opportunities from coronavirus

Ags - Meat/Dairy 268 Brazil 416 China 3050 Consumer Staples 806 Coronavirus 511

The food industry faces disruptions from the spread of coronavirus with export restrictions being introduced by some countries. Food manufacturers such as JBS may need to retool their supply chains to serve retail rather than food service channels. JBS has also “made provisions of discounts” to support customers in Brazil according to CEO Gilberto Tomazoni. JBS had already seen a 24.1% drop in exports from Brazil in January compared to a year earlier, including a 36.0% slide in shipments of beef. There was an 11.1% decline in shipments to China and a 12.9% drop to Hong Kon...

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