Steps taken to mitigate situation in Russia and Ukraine: Food Empire

FOOD and beverage manufacturer Food Empire said on Monday (Apr 18) that given the conflict in Ukraine, it has made changes in inventory management practices and pricing policies and is exploring various alternatives to ensure business continuity under extremely challenging market conditions.

It said this in response to questions received prior to its FY2021 Annual General Meeting to be held on Apr 22.

As to whether relocation of factories into other countries will ameliorate problems, it said relocation is a major decision with strategic implications and complex commercial ramifications.