Atlanta Journal-Constitution (April 22)
“The coronavirus has pulverized the balance sheets of many restaurants. But anyone with a drive-thru had a potential advantage as Americans shifted their eating habits and seating positions.” Atlanta-based Chick-fil-A is in that enviable position. Though “the vast majority” of the firm’s 2,000 dining rooms were closed due to the pandemic and remain that way, “sales and profits have soared over the last year.”
Tags: Advantage, Balance sheets, Chick-fil-A, Closed, Coronavirus, Dining rooms, Drive-thru, Eating habits, Pandemic, Profits, Pulverized, Restaurants, Sales, U.S.
Bloomberg (July 3)
“Much more than survive the pandemic lockdown, the largest American companies are seeing their advantage widen drastically as a result of it, with investors flocking to anything with size and stability.”
The Economist (July 9)
“Smaller rivals are assaulting the world’s biggest brands” causing some to wonder if billion dollar brands remain a viable strategy. Though “they make some of the world’s best-loved products,” large consumer packaged goods (CPG) companies are under assault. “For a time, size gave CPG companies a staggering advantage,” but their advantages are weakening and in some cases becoming Achilles heels. “The lumbering giants are finding it hard to keep up with fast-changing consumer markets.”
Tags: Advantage, Brands, Consumer markets, Consumer packaged goods, Fast changing, Lumbering, Rivals, Size, Strategy, Weakening
