SMC’S food, beverage businesses recovering well as govt rebuilds better amid Covid-19

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Photo from: SMC Facebookpage

By: San Miguel

San Miguel Corporation’s (SMC) food and beverage businesses have started to recover due largely to government efforts to re-open and boost the economy.

“With the government’s easing of restrictions on transportation, the operation of business establishments, and consumption of alcoholic beverages, we’ve been recovering a lot of lost ground,” said SMC president and chief operating officer Ramon S. Ang. “Recovery started around second half of May to June, when government gradually restarted our economy and kept it going,” Ang added.

Ang credited moves by President Rodrigo Duterte and his economic team, led by Finance Secretary Carlos Dominguez III, to get businesses back up and running, even with limitations, saying that for San Miguel, this has had a “domino effect” on smaller businesses in its supply chain.

“With consumption up, many of our own employees and those of our partners, dealers, suppliers, contract growers, and service providers are working again. On top of that, nationwide, a lot of micro, small, to medium enterprises—from sari-sari stores, retailers, bottle collectors, haulers, and the like—are also able to resume their business and livelihood. This helps ensure that more Filipinos won’t go hungry and are more resilient to the impact of this crisis,” Ang said.

SMC’s food and beverage businesses under San Miguel Food and Beverage, Inc. (SMFB) has interests in beer and non-alcoholic beverages, food, and spirits.

San Miguel Brewery Inc. (SMB), the country’s top beer manufacturer, said it was looking at better business performance entering the second half of 2020.

Since the transition to lower quarantine levels, SMB has restarted operations at production facilities nationwide, as well as the transport and distribution of its products, while strictly observing modified liquor ban guidelines in specific cities and municipalities.

 

Read full story HERE.