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Global Coronavirus Outbreak
The novel coronavirus epidemic has become a global pandemic. It greatly affects the market sales but also brings opportunities for some sectors like goods supplies, logistics/delivery and new retail.
The Impact of COVID-19 on the South Korean Food Sector
The catering sector has suffered a significant decline whilst e-commerce has benefited during the COVID19 pandemic. Online sales of food have grown by 92.5%. Demand for beverages, long shelf life food, and functional foods have grown. The "contactless" concept is now driving innovation throughout various links in the supply chain and includes contactless payment, delivery, etc. The government has introduced new preferential policies and regulatory exemptions to stimulate the importation of foods.
China’s Q1 2020 Consumption Data: The Rebound Effect
Affected by the COVID-19, in the first quarter, the main economic indicators fell noticeably, but in March, the main economic indicators rebounded.
Food Consumption Rebound in China’s Post-Covid Era
On Mar. 19, WeChat issued Work Resumption Alliance Report (微信复工者联盟).
Challenges and Opportunities for the Global Food Industry during the COVID-19 Crisis
As COVID-19 rages across the world, global food trade, especially grain and meat, has been greatly affected. Export restrictions in some countries or areas may severely impact food supplies.
Meat & Meat Products
Grain & grain products
Ensuring Stable Domestic Consumption in China during the COVID-19 Pandemic
China's heavy investment in digital infrastructures such as 5G, Internet of things, big data and AI, has laid a solid foundation for accelerated economic recovery.
Overseas Coronavirus Outbreak Affecting China’s Infant Formula Market
The increasingly difficult COVID-19 situation overseas is expected to bring some changes to China’s infant formula market.
China Bans Consumption of Wild Animals
All terrestrial wild animals cannot be consumed for food purposes. Only animal species included in the "Livestock and Poultry Genetic Resources Catalogue” can be consumed.
China Encourages the Consumption of Dairy Products
Four industry associations jointly issued the “Direction for Dairy Products Consumption in China”, which comprehensively introduces plans to increase national consumption of dairy products and details the nutritional benefits of dairy.
The Impact of COVID-19 on Food Regulation in China?
It is anticipated that the implementation of special food registration and other pending regulations will be postponed due to COVID-19.
Coronavirus Epidemic Significantly Impacting Dairy Supply Chain
The impact of the coronavirus on China’s supply chain is likely to accelerate the rate of SMEs exiting the market.
Food Supply Chain
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