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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The coronavirus crisis has left many industries in shambles with little signs of recovery in short run. The food sector has also faced the brunt, however, food is eventually an essential which can't be eliminated from human consumption. Thus, food sector has seen downtrend and uptrend simultaneously and to contain the effects, it has had to evolve in a very short time frame. It has gone through many challenges in the recent times.
The future of the industry will be impacted by this crisis. Commercial outlets will start catering to the amplified hygienic needs. Many non vegetarian products may go off shelves. The food sector may expedite insurance of their businesses to face such unforeseen circumstances. It is important for food and beverage companies to take additional steps now in order to mitigate their risk of suffering negative impacts from the coronavirus.
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