The outbreak of the Covid-19 pandemic has spelt doom for alcohol and tobacco-related businesses given that health concerns have intensified across the globe.
Outlets such as bars, night clubs and the common social spots remain under lock and key as governments grapple to save millions from the contagious disease.
In some extreme cases, the sale of alcoholic products has been banned while some have restricted the trade of beer to certain days of the week. The year 2020 is set to witnesses a marked drop in sales volumes within the alcoholic beverages and tobacco industries.
By their very nature, tobacco and alcoholic beverage companies are subject to a number of regulatory controls given the adverse health and social consequences related to excessive alcohol and tobacco consu
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.