FINAL TERM

The Impact of
CoronaVirus
Towards the
Economy of the
Food Industry,
Specifically the
Restaurant Business
ARABELO, DANO, DE PEDRO, ROMAN, VALERIO
Presentation
Outline

Key topics for discussion

Introduction
Body
- International and Local
- Global Impact of Coronavirus
- Coronavirus in Philippines
- Global Economy During the Pandemic
- Global Economical Crisis
- Food Industry
- Restaurant Suppliers
- Restaurants during this Pandemic
Conclusion
INTRODUCTION

The COVID-19 pandemic affects the global food

industry as governments close down restaurants and
bars to slow the spread of the virus. But what is
COVID-19? Why did it affect the food industry?
Coronavirus disease (COVID-19) is an infectious
disease caused by a newly discovered coronavirus.
Most people infected with the COVID-19 virus will
experience mild to moderate respiratory illness and
recover without requiring special treatment. Older
people and those with underlying medical problems
like cardiovascular disease, diabetes, chronic
respiratory disease, and cancer are more likely to
develop serious illnesses.
INTRODUCTION

The best way to prevent and slow down transmission

is to be well informed about the COVID-19 virus, the
disease it causes, and how it spreads. Protect
yourself and others from infection by washing your
hands or using an alcohol-based rub frequently and
not touching your face. The COVID-19 virus spreads
primarily through droplets of saliva or discharge from
the nose when an infected person coughs or sneezes,
so it’s important that you also practice respiratory
etiquette (for example, by coughing into a flexed
elbow).
INTRODUCTION

That is why governments were forced to shut down

most of the food industry. Across the world,
restaurants' daily traffic dropped precipitously
compared to the same period in 2019. Closures of
restaurants caused a ripple effect among related
industries such as food production, liquor, wine, and
beer production, food and beverage shipping, fishing,
and farming. The issues were particularly disruptive
in industrialized areas where large proportions of
entire categories of food are typically imported using
just-in-time logistics. In June 2020, the United Nations
warned that the world was facing the worst food crisis
in half a century due to the recession caused by the
pandemic.
INTRODUCTION

while the free-market, just-in-time logistical systems

common in industrialized areas are very good at
dealing with disruptions in one place or sudden
shortages of one commodity but are more vulnerable
to systemic shock because there is no slack in the
system and no supply reserves to fall back on. In
many places, there was panic buying with resulting
shortages. There were some supply chain disruptions
for some products; for instance, many hand pumps
for hand sanitizer bottles are imported into the US
from China and were in shorter supply.
INTRODUCTION

For most food products in the US normal resupply

happened, but panic buying causing empty shelves
contributed to consumers' impulse to stock up and
hoard. A US food retail trade group advised retailers
to accelerate ordering and consider rationing in order
to prevent empty shelves. Food retailers were "among
the most affected by the coronavirus, but one of the
few businesses that might actually benefit," at least in
the short term according to the television channel
Cheddar. Some areas saw price gouging.
BODY
contemporaryworld 2020.
INTERNATIONAL AND
LOCAL
CLOSURES OF THE THE SPREAD OF COVID - 19
RESTAURANTS IN MOST HAS CREATED A SUDDEN,
COUNTRIES TEMPORARY, SHARP
SHORTFALL IN REVENUE

3%OF THE RESTAURANT IN THE

UNITED STATES HAS PERMANENTLY
CLOSED BECAUSE OF COVID-19,
AND THE COUNTRY’S RESTAURANT
INDUSTRY HAS LIKELY LOST
ALMOST $120 BILLION SALES
DURING THE FIRST THREE MONTHS
OF THE PANDEMIC COVID 19
90%OF THE WORLD'S 7 OUT OF 10 OPERATORS HAD
POPULATION IS AFFECTED AND TO LESSEN THEIR EMPLOYEES
SAME AS THE DIFFERENT AND REDUCE THE NUMBER OF
INDUSTRIES AROUND THE HOURS WORKED TO SAVE AND
WORLD SURVIVE THE ESTABLISHMENT.

AN ESTIMATE OF OVER HALF A

MILLION EMPLOYEES IN THE F&B
SECTOR IS NOW GREATLY AFFECTED
AND RECEIVES NO INCOME.
 THE NEW NORMAL
TAKE OUT
DELIVERY
ALTERNATIVES THIRD PARTY DELIVERY
OR SOLUTION APP
SOCIAL DISTANCING
DIGITAL PAYMENT
GLOBAL IMPACT OF
CORONAVIRUS
GLOBAL NUMBER OF 10 COUNTRIES WITH MOST
CONFIRMED CASES COVID - 19 CASE
CORONAVIRUS IN
PHILIPPINES
 NUMBER OF COVID - 19
STATE OF CALAMITY CASE IN THE PH

START OF LOCK DOWN OR SHORTAGE OF

HOME QUARANTINE FACEMASKS

PH GOVERNMENT
CONTROLLING THE
SPREAD OF THE VIRUS
FIGURE 1
FIGURE 2
WHO OR WORLD
HEALTH
ORGANIZATION AND
THEIR ACTION TO THE
COVID – 19 PANDEMIC
GLOBAL ECONOMY
DURING PANDEMIC IN
FOOD INDUSTRY
GLOBAL ECONOMY
DURING PANDEMIC IN
FOOD INDUSTRY
FOOD INDUSTRY OR
THE STATES OF
RESTAURANTS DURING
PANDEMIC
THE
RESTAURANT
BUSINESS
 A BUSINESS
NEEDS TO
SURVIVE
FINANCIALLY
APPROACHES
TO MANAGING
A BUSINESS
WILL BE KEY
CONSUMERS
WILL NEED TO
BE
PERSUADED
FOOD
SUPPLIER
COVID - 19 has place Unprecedented Stress
on Food Supply Chains

FARM PRODUCTION PROCESSING HAS BEEN

FACES BOTTLENECKS DISRUPTED BY LABOR
FOR SOME INPUTS SHORTAGES AND
SHUTDOWN
SOME MODES OF
TRANSPORT HAVE BEEN CONSUMERS DEMAND
AFFECTED MORE THAN HAS SEEN RAPID AND
OTHERS UNPRECEDENTED SHIFTS
 COVID - 19 has place Unprecedented Stress
on Food Supply Chains

YET FOOD SUPPLY IMPLICATIONS

CHAINS IN THE POLICY
DEVELOPED WORLD LESSONS SO
HAVE LARGELY BEEN FAR
REMARKEBLE RESILIENT SOME BOTTLENECKS
TO DATE REMAIN AND REQUIRE
ATTENTION
FIGURE 1
FIGURE 2
 FINAL TERM PAPER

ARABELO, LANCE

DANO, DYLAN

DE PEDRO, LYCA

ROMAN, MELISSA

Thaan
nkk
VALERIO, MARK
Th
yo
youu!
!