Future mergers and acquisitions shaped by pandemic buying
Mergers and acquisitions in the pet food industry will continue during and after the pandemic, but their character may change as buyers look for brands that can tap into the new normal of e-commerce, remote work and social distancing.
Dog, cat and other pet owners shifted buying channels rapidly as the current COVID-19 pandemic limited brick-and-mortar buying options to local pet food retailers. Business movements in the pet food industry likewise may follow the restrictions in people’s ability to move about.
“People used to buy their pet food along…