• The survey found that the pandemic is affecting packaging businesses in several ways.
    The survey found that the pandemic is affecting packaging businesses in several ways.
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Businesses around the world are gearing up to confront the period of uncertainty and difficulty that the coronavirus pandemic has brought.

In response to the pandemic, Pact Group has implemented screening protocols and questionnaires for all personnel and visitors entering company facilities. In a letter to customers, Pact Group managing director and group CEO Sanjay Dayal said the company would also introduce temperature testing of all personnel entering company facilities.

“We have been testing and revising all of our business contingency plans, by site and by product, to ensure that in the event there is a site closure, the disruption to any of our customers is minimised to the fullest extent possible,” Dayal wrote.

“As a supplier of essential goods and services for a number of critical industries, we are liaising with government to ensure that we remain fully operational during this difficult period.”

Dayal said the parts of the business involved in the supply of hygiene and cleaning products and goods and services to the grocery market had been responding to heightened demand.

“This has required us to divert some of our resources to these areas to ensure we are meeting the expectations of the community and the government,” he wrote.

As a result of this, Dayal wrote that there may be “impact to delivery times”.

The CEO’s letter noted that there had been no reported cases of Covid-19 at the company, as of 23 March.

Pact Group has also switched some of its production capacity to making hand sanitiser, in repsonse to an uptick in demand for the product.

Food & Drink Business

In a FY26 trading update, Bubs Australia forecasts revenue of $105–115 million but warns that reported EBITDA could land anywhere from –$2 million to +$2 million.

International Flavors & Fragrances Inc. (IFF) has entered into an agreement to sell its Food Ingredients business to funds advised by global private markets manager, CVC Capital Partners, in a transaction that values the business at approximately $6 billion (US$4.3 billion).

Australian Vintage has secured a $128 million debt refinancing through to March 2028, with an option to extend a further year to 2029, as the McGuigan wines owner reports a significant second-half cash turnaround and upgraded sales momentum heading into FY27.