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Covid-19: Potential impact on the Russian petfood market

  • 27 Apr 10:07

Russian customers will have to cut down almost all expenses because of Covid-19 to a greater extent than customers in any other emerging markets of the world. Petfood segment is not an exception, a research conducted by the Boston Consulting Group showed. The anticipated economy turmoil in Russia caused by the nationwide holiday, introduced to slow down the spread of Covid-19 and the fall of the global oil price, makes the list of markets where turnover is expected to grow really short. In the foreseeable future, Russians will pay more only on their utility bills, for Internet and communications, over-the-counter medicines and fresh food, the research showed. In. Read more...