In: Economics
The effects of covıd19 pandemia on Food and bavarage
sector.
How will the future of F&B sector shape?
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As the covid-19 pandemic spreading across the world it's devastating effects increasing in all sectors of economy and daily life. The negative consequences of economic lockdown and social distancing creates brake in supply chain. The food and beverages system of any economy is highly depend on supply chain from producer to middleman to end consumer.
Due to covid-19 the the demand in market decrease and supply chain also negatively impacted due to transportation issue and lockdown of most of the vehicle . Most of the market and retail shops are being closed worldwide, this results into decrease in supply. Due to all the situation the supply as well as demand of food and beverages is greatly impacted. According to reports of World Bank and world economic forum,clearly depicted this situation worldwide.
As this pandemic situation continuous, the food and beverages system changing its nature. Like restaurants are opening with only take away option. The online food delivery chain and platforms are increasing in the covid-19 situation. Individuals not going outside and ordering food from home. The chain of of food and beverages system are highly sanitized than previous. Proper daily temperature checking and update of delivery boys, and social distancing at retail food outlets.
Many agricultural farmer groups are providing direct vegetable supply to household. In this way the future of food and beverages supply chain and market is changing its nature to reach customers and to avoid this pandemic situation.