About the eBrief
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.
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: The Markets, Government Policy, and Innovation — all of which will affect the economy in unprecedented ways.
To present the facts, SafetyChain interviewed two renowned food industry economists who present relevant historical examples to discuss the likely impact of COVID-19 on F&B companies. Laurian Unnevehr, Ph.D., and Dawn Thilmany, Ph.D. offer insights to food industry leaders 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.
This paper will explain:
- 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
Gain Insights From:
Laurian Unnevehr, Ph.D.
Professor Emerita from the University of Illinois Department of Agricultural & Consumer Economics
Extensive knowledge in the economics of food demand, food safety, HACCP, SPS in international trade, food markets, and biofortification. Laurian is a former USDA-ERS Food Economics Director and is currently an independent consultant in food policy economics.
Received a Ph.D. at Stanford’s Food Research Institute and a Bachelor of Arts in Economics from UC Davis. Read about Dr. Unnevehr's work here: https://scholar.google.com/citations?user=09c75BAAAAAJ&hl=en
Dawn Thilmany, Ph.D.
Associate Director, Community and Economic Development and a Professor in the Dept. of Agriculture and Resource Economics at Colorado State University
- Specializes in food system economics, consumer behavior, and supply chain innovations
- President-elect of the Ag and Applied Economics Association, a Member and past Chair of the Colorado Food Systems Advisory Council and a past representative for the USDA’s National Research Extension of the Education and Economics Advisory Board
- Received Masters and Ph.D. in Agricultural Economics from UC Davis. Read about her publications here: https://scholar.google.com/citations?user=6eMunYkAAAAJ&hl=en