Release date: 01-10-2020SKU: MSG-GL-COVID19-010
MSG explores the top risks and opportunities impacting the food & agriculture sector, owing to the prevalence of COVID-19.
The COVID-19 pandemic results in the global health crisis that is already having to disturb the global economy. There is already a supply of food with all required measures to prevent the spread of the coronavirus in many countries; this is expected to disrupt the supply of agro-food products to the end-use markets and consumers, both within and across borders. The food & agriculture sector is going through a substantial shift in the composition and the demand level for some commodities.
Following the measures and regulations to prevent or sluggish the spread of COVID-19 are primarily disrupting global food supply chains.
However, the impacts on labor are of particular concern in the current pandemic scenarios. The food & agriculture sector will be vulnerable to the workers' adverse effects from the spread of COVID-19 and will face additional manufacturing and distribution costs. These ground implementation of health and safety measures can prevent and minimize the speed of their workforce exposure. While the COVID-19 virus transmission mechanisms are not fully unstated but can be forward with two exact methods i.e.
• Workers working nearby
• Workers touching contaminated surfaces
Managing these risks and further identify the opportunities to implement immediate changes to the food supply, the chain can be efficiently processed and distributed globally. Many of these changes are already proceeding but may be challenging to implement in the short term due to challenges related to sourcing masks and protective equipment for workers.
To read more about how we believe the food & agriculture sector can manage the current pandemic scenarios, inqure about our report.
Key Issues Addressed
Considering the COVID-19 impact on the food & agriculture industry is carried out through various lenses, and many critical issues identified in the COVID-19 impact strategic insight report include:
• Specific key trends have begun to accelerate due to the crisis, reshaping both demand and supply across industries
• Other trends that probably decelerate or halt due to the COVID crisis
• Trends that are essential before the pandemic and post-pandemic directions to shape the industry
• Key uncertainties and challenges that should be considered in strategy and business planning
• Detailed consideration of scenarios that compare the reach of the pandemic versus the industry impact arising from changes in end-consumer behavior
• A set of both recovery and thrive oriented actions for market participants and players
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