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European Food Production Rises 19% As Second Wave Bites

Source: https://huq.io/indicators/european-food-production-rises-19-as-second-wave-bites/

Food producers in Europe are scaling up their staffing levels as the second wave of Covid-19 bites across the region. Huq’s European Industrial ‘Big-6’ Indicator shows a growth of 19% in the 4 weeks to date from August 31st. This contrasts with just a 10% rise in worker presence between February 20th and March 5th, it’s pre-lockdown high.

This relative increase of 9% suggests that food producers have taken stock of their first-wave experiences, and are taking steps to prepare this time round. Reports that producers around the world have been “doubling down on inventory” and have informed facilities “to continue to stock up on all the materials and supplies” supports this observation.

The efforts of European food producers will comfort those who faced supermarket aisles of empty shelves back in March as countries approached lockdown this year, and offer insights as to the health of the food supply chain as populations enter another difficult period.

To learn more about the data behind this article and what Huq has to offer, visit https://huq.io/.

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Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

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