Sheng Siong says virus posed minimal disruption to supplies
Annabeth Leow
Singapore
POPULAR brands of household essentials have seen a price increase during the coronavirus pandemic, even as the supplies of most items remained unaffected, mainboard-listed supermarket chain Sheng Siong Group told shareholders on Friday.
It also expects variable costs such as inventory, headcount and utilities to increase with the elevated demand from shoppers, although the board said that "we have not made major changes to the operational structure".
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next