The company participates in the seasonal Ice Cream Production industry
As part of the ice cream industry, the company’s products offerings are known to be seasonal. Therefore, the company and other contenders in the ice cream market often experience sales fluctuations throughout the year. Particularly, throughout seasons during which weather is warmer, ice cream sales are high. In some regions of the world, including South American and Australia, seasonality does not come into play and, therefore, ice cream is typically demanded all-year-long.
COVID|Competition|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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