Consumer companies worried as 2nd wave of Covid-19 makes buyers cautious

Consumer product makers and retailers have flagged downtrading — or shoppers switching from regular brands to lower priced alternatives and smaller packs — as a key risk that could impact their profitability and volumes this quarter. Executives of retailers and makers of packaged foods, personal care products and alcobev attributed the trend to a sharp decline in consumer sentiment, increasing spending on medical devices and healthcare