German confectioners fear complete shutdown of production due to events in Ukraine

Published 2022년 4월 5일

Tridge summary

The German confectionery industry, represented by the Federal Association of the German Confectionery Industry (BDSI), is facing a potential production halt due to the impact of the Ukraine conflict on gas supplies. This situation, coupled with soaring prices of essential ingredients and logistics services during the COVID-19 pandemic, threatens the existence of confectionery companies. BDSI's chairman, Bastian Fassin, is calling for political and trade interventions to ensure production continuation and to prevent empty supermarket shelves. The German government has lowered its GDP growth forecast for 2022 from 4.6% to 1.8% due to high energy prices, with inflation expected to reach 6.1%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Federal Association of the German Confectionery Industry (BDSI) has expressed concern about a possible stoppage of production, entailing the complete disappearance of chocolate and other confectionery products from the shelves of German stores. This was reported on Monday by the publication "Der Spiegel". According to him, the German confectionery industry sees a threat to its existence due to interruptions in gas supplies due to the events in Ukraine. “Even in the context of the coronavirus pandemic, energy resources, agricultural raw materials, packaging, as well as logistics services have become extremely expensive,” the BDSI noted. Current events in Ukraine, the association added, have led to a sharp deterioration in the economic situation "to such an extent that it poses a threat to the existence of the entire industry." According to Spiegel, difficulties in gas supplies could lead to a complete halt in production in the industry. BDSI explained that for most ...
Source: Milknews

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.