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In: Economics

The effects of covıd19 pandemia on Food and bavarage sector. How will the future of F&B...

The effects of covıd19 pandemia on Food and bavarage sector.
How will the future of F&B sector shape?
Write an article about the topics above.
Use clear format in Word file use 12 font size.

The article should be only two pages

Solutions

Expert Solution

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.

  • Mobility has been impacted because of lockdown and containment measures taken by countries world over. Quick mobility is key to the food sector as perishables need to reach destinations before the supply becomes stale. With hampered transportation, long distance food transportation has been hit.
  • The businesses relying on food services such as restaurants and eateries have seen drastic fall in consumers as well as supply. At the same time, raw food sales have seen a growth as people are stocking and eating at home.
  • Hygiene has become of utmost importance to the food sector. Ever since the advent of the crisis, hygiene has been a major point of concern which has to be catered to.
  • Food choices: People all across are well aware that coronavirus has it's origin in the highly carnivorous habits of some countries like China. Taking a lesson, people are swearing to go vegetarian or even vegan. This is putting the meat industry at heavy losses. Simultaneously, artificial meat industry is seeing growth.

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.

Thanks!


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