CRWCY - Cranswick Is Feeding The Food Demand Boom And Feeding Returns To Investors Too
At a time when UK supermarket shelves are empty thanks to coronavirus panic-buying, The Global Investor decided to look through the supply chain in search of a food producer opportunity.
Cranswick PLC (OTC:CRWCY) is a FTSE 250 supplier of fresh and value-added food to UK grocery retailers. Produce includes pork, poultry, convenience and gourmet products. Cranswick sits in the premium category, so it is vulnerable to downturns in consumer spending although with non-essential shops shut in the UK and food demand soaring, consumer spending has shifted in a big way to food buying