Unpicked fruit, disrupted supply chains hit T&G earnings

Thu, 05 Aug 2021

Covid-19 impacts on the seasonal fruit picking workforce and international supply chains, both to and from New Zealand, hit revenues and earnings for fresh produce firm T&G Global in the six months to June 30.Total revenue for the half-year at $652.1 million was down 2.9%, with net profit falling 64% to $3.4m from $9.5m in the same half the previous year, of which only three months were severely affected by the start of the global pandemic.With international supply chain disruption having more impact than was experienced last year, T&G...

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