How Is Coronavirus Impacting the Food Industry?

The Coronavirus (COVID19) is impacting globally every aspect of life, and the food industry is no exception. Some factories, mainly in China, have closed. Travel around the globe became much more challenging. Consumers in states impacted by COVID19 (Washington, California, and Colorado) are hoarding shelf-stable foods such as canned goods, dried beans and rice, cereals, and powdered milk. As a result, some food companies are increasing their production of such products. Only a small percentage of the food ingredients are sourced from China. However, companies are anticipating chain interruptions. The U.S. imports and exports billions of dollars worth of food to and from China every year, and the COVID-19 outbreak is having an impact. While the FDA claims that they are “not aware of any reports at this time of human illnesses that suggest COVID-19 can be transmitted by food or food packaging,” companies are sourcing more ingredients from domestic sources. Many companies are instituting international travel bans, and some have reduced their financial forecast.@ https://foodindustryexecutive.com/2020/03/how-is-coronavirus-impacting-the-food-industry/?utm_source=hs_email&utm_medium=email&utm_content=84326574&_hsenc=p2ANqtz--Xy1A_xd2cRZDpcXbVnNYilKug2bj_VU2KaShJ09oJF_myydlEr1HdtW2ruNRWpdOrxNlvSgO9mZijvvQhS7dSI6cH8w&_hsmi=84326574