Italy Food & Drink Q4 2020
As an essential spend segment, we believe that consumer spending on food will be shielded from the negative impacton overall consumer spending as a result of the Covid-19 pandemic in Italy. It is a similar story for non-alcoholic beverages, thoughalcoholic drinks will see a slight drop off in consumption as consumers stay away from restaurants, bars and other leisure venues. Asconsumers become more accustomed to online purchasing, we expected online grocery retail to continue accelerating as retailerslook to scale up services to meet the increased demand.
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