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Food Industry bracing the impact of COVID19

The outbreak of corona virus has had significant impact not only on public health worldwide, but also on all stages of the supply chain and value chain of various industries. The food & beverage is one such industry that is currently experiencing impacts due to this global pandemic. China, the COVID-19 pandemic’s first epicenter is home to the largest number of corona virus cases i.e. 82,830, and deaths, 4633, in 2020 to date. The very fact that China is amongst the largest markets for food & beverage business for many countries places the global food industry in a vulnerable situation. The differential impact of this rapid spreading COVID-19 on Global food & beverage industry & each stage of its value chain can be well calibrated on the lines of the affected workforce at industrial level, staple food supply (agricultural produce, food ingredients, intermediate food products), trade & logistics, demand-supply volatility and variable consumer demand at foodservic...