Potential macroeconomic impact of the <scp>Covid</scp>‐19 pandemic on food demand

Gay, Stephan Hubertus; Adenäuer, Marcel; Frezal, Clara

doi:10.1111/1746-692x.12271

Cited by 3 publications

(3 citation statements)

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“…As far as various types of meat tend to be consumed away from—instead of at—home, there are likely to be differential demand effects by type or cut of meat (Weersink et al., 2020). As well, consumers are responding to changes in income due to macroeconomic effects of the pandemic (Gay et al., 2020). Given the length of the pandemic, it remains to be seen whether consumers will revert back to previous consumption habits or if COVID‐19 has resulted in a permanent change in food and meat consumption behavior.…”

Section: Introductionmentioning

confidence: 99%

Impacts of COVID‐19 and Price Transmission in U.S. Meat Markets

Ramsey

Goodwin

Hahn

et al. 2021

Agricultural Economics

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Coronavirus 2019 (COVID‐19) has caused ongoing disruptions to U.S. meat markets via demand and supply‐side shocks. Abnormally high prices have been reported at retail outlets and meat packers have been accused of unfair business practices because of widening price spreads. Processing facilities have experienced COVID‐19 outbreaks resulting in shutdowns. Using weekly data on wholesale and retail prices of beef, pork, and poultry, we characterize the time series behavior and dynamic linkages of U.S. meat prices before the COVID‐19 pandemic. We model vertical price transmission using both linear and threshold autoregressive (AR) models and vector error correction (VEC) models. With the estimated models, we then compare price movements under COVID‐19 to model predictions. All three meat markets are well‐integrated and we observe unexpected, large price movements in April and May of 2020. Early COVID‐19 related shocks appear to be transitory with prices returning to expected levels at a pace consistent with the speed of transmission prior to the pandemic. This well‐functioning market process suggests a degree of resilience in U.S. meat supply chains.

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Section: Introductionmentioning

confidence: 99%

Impacts of COVID‐19 and Price Transmission in U.S. Meat Markets

Ramsey

Goodwin

Hahn

et al. 2021

Agricultural Economics

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“…Due to COVID-19, according to Stephan [22], a recession likelihood in global GDP growth or has likely already begun. However, there is a wide range of economic impact timelines and various estimates about the recovery from V to U to other potential shapes over different time horizons.…”

Section: Macroeconomic Impactsmentioning

confidence: 99%

Physical Internet: A solution for the Supply Chain disruptions during the COVID-19 pandemic

Safwen

Németh

2021

Acta Tech. Jaurinensis

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Supply chain disruption is characterized by a significant decrease in the production or delivery of a supply chain, including events like fire, system downsizing, natural disasters and quality issues, unexpected surge incapacity, and pandemic disease COVID-19. This will lead to lower productivity, higher prices, increased consumer frustration, etc. Logistics activities are suspended due to COVID-19 by closing the borders between countries. For that reason, we will specify our research on the impact of this disease on the Supply Chain Management and to show up the important issues and how the digital solution like the Physical Internet could solve these disruptions. The Physical Internet is still an emerging phenomenon in which it is intended to replace the current logistics model by encompassing new technologies such as Artificial Intelligence, Big Data, the Internet of things, and others. This article aims to compose conceptual research to describe Supply Chain Management problems during the COVID-19 pandemic and to represent the physical internet as a solution for this disruption based on various journal articles, papers, websites, and managers' experiences. Further, this study helps to increase the understanding of scholars and practitioners on how the novel PI paradigm can be a solution to COVID-19-induced supply chain disruptions. Furthermore, the physical internet and other modern technologies in the business world are absolutely necessary and recommended, as these current issues now require quick decisions and up-to-date knowledge.

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“…As people were forced to stay at home and limit their trips to grocery stores, the demand for non-perishable food items began to increase (Cranfield, 2020). Many consumers were forced to lower their budgets, a decrease in demand for higher commodity food items, i.e., animal products, was observed as consumers viewed them as less essential than low commodity food items such as rice (Gay et al, 2020). However not all high commodity products experienced a decrease in demand.…”

Section: Consumer Dietary Behavior After the Pandemicmentioning

confidence: 99%

The Prevalence of Food Insecurity Among Graduate Students During the COVID-19 Pandemic

Bhaskar

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Potential macroeconomic impact of the Covid‐19 pandemic on food demand

Cited by 3 publications

References 0 publications

Impacts of COVID‐19 and Price Transmission in U.S. Meat Markets

Impacts of COVID‐19 and Price Transmission in U.S. Meat Markets

Physical Internet: A solution for the Supply Chain disruptions during the COVID-19 pandemic

The Prevalence of Food Insecurity Among Graduate Students During the COVID-19 Pandemic

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