UNIDO - Germany presents study on the impact of COVID-19 on agribusiness and the food industry in African and Asian markets

11 August 2020 |

As the COVID-19 pandemic has unfolded, concerns over ensuring food security have been voiced in many countries around the world. While the crisis has immediate effects on food and agricultural supply chains, the negative impact of the COVID-19 pandemic is not limited to short-term disruptions in supply and demand. Considering that the food and agricultural sector accounts for ten percent of global GDP and employs an estimated 1.5 billion people worldwide, the outbreak of COVID-19 will likely have far-reaching and noticeable social and economic consequences for the sector.

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