How Food Supply Chain Trends, Policy, and Innovation Will Shape A New Normal
Two esteemed food economists, Laurian Unnevehr, Ph.D. and Dawn Thilmany, Ph.D. draw from historical examples and economic frameworks to help food and beverage executives understand the most likely impact of COVID-19 on their companies.
The world is scrambling to make sense of COVID-19, affecting 188 countries and sending shock waves through the global economy in a manner unseen in modern times. The effects of this pandemic and our responses to it will have profound, long-term implications. Just as 9-11 commanded change and FSMA ushered in a new, positive era of food safety, the post-COVID-19 world will be very different than today.
The food production industry has no choice but to adapt. What will be the “new normal,” and how will we cope with production, labor, and demand fluctuations?
Economic frameworks can help food industry CEOs, CFOs, and department heads answer these questions and anticipate possible near-term and longer-term effects, but only by examining three major forces: Food Supply Chain Trends, Government Policy, and Innovation — all of which will affect the economy in unprecedented ways.
To present the facts, SafetyChain is bringing in two renowned food industry economists who will draw from relevant historical examples to discuss the likely impact of COVID-19 on F&B companies. Join Laurian Unnevehr, Ph.D., and Dawn Thilmany, Ph.D. as they equip food industry leaders with insight and research that can help them prepare for the “new normal” and best position themselves to succeed in uncharted waters.
There is no going back. We are moving into a new era for food production. Join this webinar to see how these changes will affect you.
In this webinar, you will learn:
- Valuable economic lessons food manufacturers gleaned from the Great Recession - and how they inform today's decisions
- Whether the economic stimulus and an expanded safety net will lessen challenges of the food sector
- How the rise in food insecurity, hoarding, and the shift to food consumed at home will affect demand for your company’s products
- Why you should anticipate Supply Chain risks including international sourcing, disruptions in H2A applications, border closings, and logistics bottlenecks
- How federal assistance programs including SNAP and stimulus checks are likely to affect your sector
- Examples of innovation that we already see from the crisis and ways food companies can leverage technology to make more, with less