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Buyer's Brief: Reducing Risk And A Shift To Local Production

Published on Oct 19 2020 11:59 AM in Features tagged: Trending Posts / supply chains / Buyers Brief / Paywall / Nick Peksa

Buyer's Brief: Reducing Risk And A Shift To Local Production

Could COVID-19 act as a catalyst for fundamental changes to food supply chains? Nick Peksa investigates. This article first appeared in ESM Issue 5 2020.

Virtually all quotations for globally traded foodstuffs were in decline at the beginning of this year, and COVID-19 has since given further impetus to this downward trend. Europe has seen a sharp economic downturn, with GDP expected to fall by 6.9% across the region, on average.

Stretching the supply chain across the world has proven to be challenging during COVID-19, as disruptions in the supply of raw materials and finished products has led to availability issues.

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