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The Economic Challenges Created By Covid-19

  • 15 days ago | Chemical and Materials

    COVID-19 Impact on Zoledronic Acid in Chemicals and Materials IndustryThe COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries along with the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown such as India, China, and other Asian countries to decrease its spread. According to the latest situation report by World Health Organization (WHO), 175 million cases of the corona have been reported globally and 4 million patients are dead due to the coronavirus. On a slightly positive note, a total of 158 million people have recovered and total of 2 million vaccine doses have been administered as well.Zoledronic acid is a bisphosphate drug that reduces bone loss and treats bone complications such as low bone density. The acid is majorly used for the treatment of hypercalcemia, prevention of bone fracture, and other bone-related indicationsThe major factors contributing for the growth of the market are rise in prevalence of cancer, trend of sedentary lifestyle, increase in obesity cases, and smoking leading to bone complications. However, owing to the current COVID-19, there has been disrupting and delaying of many patients with bone diseases.The pandemic have affected the Zoledronic acid market in three ways, that is, by directly affecting production and demand, by creating supply chain and market disruption and by its financial impact on firms and financial markets.For instance,In April, 2020 American Society for Bone and Mineral Research (ASBMR) set up a steering committee of bone specialist to manage the treatment of targeted bone disorders amid pandemic.  The pandemic has negatively impacted the Zoledronic acid market as pharmaceutical companies witnessed a setback in the supply chain management owing to imposition of lockdown by government. The lockdown has also impacted orthopedic appointments negatively as it is crucial to have a physician’s consultation for bone complications and other conditions.IMPACT ON DEMAND With the lockdown all orthopedic appointments were discontinued as they are medically unnecessary.Since the pandemic, lockdown situation the economic growth of country is declining. And the manufacturing units for various items that are considered non-essential are shut down due to the non-availability of manpower.The pandemic has caused major destruction in the delivery of the healthcare products across the world. It has posed limitations on many patients to access standard health services such as visits to healthcare professionals, medications and diagnosis. It has adversely impacted the ability of patients and practitioners to adhere to treatment guidelines. Moreover, the demand for Zoledronic acid and growing awareness about current and new products is also fueling the market.For instance,Dr. Reddy’s Laboratories Ltd, which is one of the key producer of Zoledronic acid and its financial performance for the twelve-month period ended 31 December, 2020 stated that they have experienced both negative and positive impacts of the pandemic but overall operations and product demand remained very stable and strong.However, the negative impact of the pandemic on Zoledronic acid market will be soon mitigated as different states/ countries allow medical clinics to reopen, services and once again being offered.IMPACT ON PRICE Due to the pandemic, the market is disturbed to a very big level. The several establishments has to remain shut while others to scale down or put on hold expansion plans as they tried to survive the unprecedented crisis.Due to the impact of the coronavirus, many large pharmaceutical companies have placed new trials on hold and numerous small, mid-size, and large enterprises have suspended ongoing ones, thereby demonstrating the magnitude of the disruption.There have been uncertain past months due to the emergence of COVID-19. The sale of some company’s products experienced a downfall while others managed to stay afloat.For instance,According to the annual report of Dr. Reddy’s Laboratories the sale of its products increased from USD 1,538.51 million in 2019 to USD 1,746 million in 2020.According to the annual report of Abbott Laboratories (2020), the sale of products saw increase in the sales. The revenue was USD 3791, 89 million in 2019 which increased to USD 4207, 53 million in 2020.                  NAME         REVENUE 2019 (USD Mn)      REVENUE 2020 (USD Mn) Dr. Reddy’s Laboratories         1,538.51         1,746Abbott Laboratories           3791,89        4207.53As this lockdown has put manufacturers and distributors in worry due to the hindered supply of the key materials for the product, especially the raw material, it will surely lead to change in prices up to an extent.IMPACT ON SUPPLY CHAIN As the world came to halt in the last few months due to the emergence of pandemic, the supply chain couldn’t escape the impact. The government throughout the globe imposed total lockdown which led to supply chain disruptions. Consequently, the supply chain came to standstill due to the closure of borders. Even though the demand for Zoledronic acid remained untouched up to an extent, the availability was affected due to disruption in supply chain, trade and travel restrictions. Supply of raw material, was also affected, due to which the production was effected.The outsourcing services which are providing warehousing, storage and other services face challenges too. They are totally dependent on the logistic and transportation of chemical compound raw material from the outsourced service to the researchers desk. However, the sudden shut down globally with ban in travel this process get disrupted. Still the companies managed to overcome the challenges and saw high growth.For instance,Abbott Laboratories continuously kept the close contact with suppliers and customers to mitigate any delays arising from stretched supply chain.They are in constant communication with their manufacturing supply chain to keep up the supply of products for their customers.However, the companies have been faced with substantial business and operational disruptions, which includes everything from mitigating the effects of reduced supply, to managing disruptions to logistics suppliers, and indeed hurdles in meeting their own contractual obligations to customers.The pandemic have forced the companies to rethink their supply chains and their stability and reliability for an uncertain future, including other externalities and government actions through the world, which begun impacting supply chains, such as issues of sustainability.STRATEGIC INITIATIVES BY KEY PLAYERS As the reality of COVID-19 dawned upon the world, manufacturing and production unit of companies involved Zoledronic acid key players formed strategies so as to mitigate with the limitations occurred due to the virus and keep their business runningAt the individual company level, companies are now more focused on operational resilience and accelerating initiatives that enable more agility, and transparency through greater deployment of analytical tools and automation. Companies are considering re-evaluating their strategies, risk tolerance and overall footprint.For instance,In September, 2020 a retrospective study was conducted by Journal on oncology in china to check the safety profile of Zoledronic acid. The study aimed to investigate whether the long-term ZA treatment had greater benefits than short-term in patients.However, to address the crisis all companies in this market are revisiting their financial trajectories and framing new strategies that will lead to bring out solutions in the market resulting in increased business efficiency.CONCLUSION COVID-19 has impacted each and every sector with global Zoledronic acid market being no exception as it has been affected the same. Different companies dealing in Zoledronic acid has been finding out their own way to deal with this pandemic situation. The government and companies around the globe are working together and have issued advice for those undergoing treatment for bone complications during these unprecedented times during COVID-19 lockdown around the world.However, in the crisis call pharmaceuticals, key players, government bodies and healthcare organizations are working closely with healthcare professionals, customers, and patients for betterment of public health. Thus, it is reasonable to assume that constraints on gathering and movement have disproportionally impacted people who use Zoledronic acid.Moreover, healthcare industries and government bodies are exclusively concentrating on how they can make effective and best contribution to control the spread of the virus and save lives. They are also ramping up production of essential medicines to new levels and ensure that the speed doesn’t affect or destroy the quality of products.

  • 15 days ago | Semiconductors and Electronics

    COVID-19 Impact on Homeland Security and Emergency Management in the Semiconductors and Electronics IndustryANALYSIS ON IMPACT OF COVID-19 on Homeland security and emergency management MarketThe COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries along with the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown such as India, China, and other Asian countries to decrease its spread. According to the latest situation report by World Health Organization (WHO) stated 175 million cases of the corona have been reported globally and 4 million patients are dead due to the coronavirus. On a slightly positive note, a total of 158 million people have recovered and total of 2 million vaccine doses have been administered as well.However, homeland security and emergency management solution companies have been noticing a continuous demand even in COVID-19 situation.Although this situation affected some segments of this market up to certain extent, but increased demand in surveillance as well as intelligence gathering systems has been observed during this pandemic. Many countries have allocated additional budget for department of homeland security and emergency management to overcome the pandemic situation with help of technologically and strategically advanced COVID-19 specific solutions. But the supply chain is witnessing huge impact which is resulting in delays in order completion.AFTERMATH OF GLOBAL HOMELAND SECURITY AND EMERGENCY MANAGEMENT MARKETCOVID-19 pandemic affected wide range of industries from small component manufacturers to large manufacturing companies. Initially it hampered worldwide supply chain of homeland security and emergency management market up to certain extent. But at later stages, increasing demand for technological advancement in surveillance and intelligence gathering systems as wells as emergency management solutions created an opportunity for this market in the COVID-19 situation. Companies developed different strategies and technologies specifically to monitor and tackle problems occurred because of COVID-19 pandemic.For instance,During this pandemic, Tetra Tech provided emergency management solutions which were specifically designed for COVID-19 response services. They introduced a solution named as COVID-19 Grant and Program Management for different governments who were managing, monitoring, and distributing billions of dollars in COVID-19 related grants. Tetra Tech used their uniquely positioned solutions to assist communities in their economic recovery as a result of the COVID-19 pandemic. Till now, Tetra Tech has assisted their clients in managing more than $1.7 billion in COVID-19 related funds.Vix Vizion introduced facial recognition technology specifically designed to monitor and tackle the spread of corona virus. They designed this solution named as Imagus to provide real time information, alerts and analytics to reduce the risk at business places. This solution was built to use with existing video management systems for crowd counting, contact tracing through face recognition and historical video analytics, face mask detection and face verification for contactless access.Likewise many companies have started introducing specific solutions for COVID-19 situation to keep up with the market demand. This strategy is helping the homeland security and emergency management market grow even in the pandemic situation.OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATIONMarket players have an opportunity to fulfil the growing demand for specialized video surveillance and analytical solutions, AI based information gathering systems, emergency management consultation and solutions during this pandemic period. In post lockdown situation, it’s essential for government bodies and businesses to monitor the public areas and avoid the corona virus spread. That’s why there is growing need for homeland security and emergency management solutions in the global market. Below mentioned factors drive the growth of the market.Rising demand for thermal scanners and surveillance dronesThe demand for homeland security technologies such as thermal scanners and drones has potential to see more growth during this pandemic period. A COVID-19 situation has triggered the demand for thermal scanners that can identify people with elevated skin temperature. This is causing makers of the thermal scanners to speed up their product manufacturing lines and supply chains to meet the increasing demand from different businesses. Law enforcement agencies are using more surveillance drones for monitoring the public areas resulting the growth of this segment.Growth of Artificial Intelligence (AI) base solutionsCOVID-19 patients need frequent monitoring of their lung infections using chest X-rays, but it is quiet time consuming. Qure.ai company designed a solutions called ‘qXR’ which can detect findings such as ground-glass opacities and consolidation abnormalities that are indicative of COVID-19. It can also localise lesions and quantify the volume of an infection. Demand for AI based virtual healthcare assistants used for answering questions related to COVID-19, is also expected to grow in the emergency management services segment.IMPACT ON SUPPLY AND DEMANDCOVID-19 has disrupted the supply chain on global scale. International trade restrictions and customs regulations resulted in longer wait times and lack of capacity for long-haul deliverables. During this pandemic, demand for technologically advanced homeland security solutions and strategically sound emergency management solutions has increased to the significant extent. But supply chain in other hand has suffered causing delays in order deliveries. Most of the companies faced challenges in managing on time project completion and order deliveries.But companies can use this opportunity to redesign their operation and logistic models with digital capabilities to increase operational efficiency and effectiveness. This will enable them to emerge stronger and with supply chains that are more resilient to future disruptions.CONCLUSIONPandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19.It still continues to inflict the world with appalling economic and social dilemmas, capable enough to leave severe backlash on the economy for the next several years. The first wave had already inflicted severe blows to the population as well as the economy. The currently experiencing second wave is expected to be more disastrous not only to the masses but also to consumer goods markets.Global homeland security and emergency management market suffered some loses during initial stage because of COVID-19’s negative impact on global supply chain. However, the demand for homeland security and emergency management solutions and services increased significantly during this pandemic. Relaxation in lockdown regulations after few months helped the market to come back on track. Companies started introducing new COVID-19 situation specific products and services to overcome the pandemic and keep growing in the market.This market is expected to grow at higher rate in near future as many public as well as private organizations are focusing on improving their security and emergency management systems.

  • 15 days ago | Food & Beverage

    COVID-19 Impact on Elderberry Supplements in the Food and Beverage Industry The COVID-19 pandemic has significantly hit the nutritional progress of consumers across the world. The persistence of the COVID-19 for a more extended period has adversely affected the most vulnerable groups of the population, including the senior population, mothers and children. From a business perspective, COVID-19 is significantly decreasing commercial activity, particularly in the consumer sector. One category bucking this trend is dietary supplements. Consumer demand for various dietary supplements has increased as interest in overall health and wellness has grown.INCREASED DEMAND FOR ELDERBERRY SUPPLEMENTS DURING COVID-19 PERIOD Elderberry has traditionally been used to prevent and treat respiratory problems. However, during the COVID-19 pandemic, there has been an interest in elderberry supplements to treat or prevent illness and concern that elderberry might overstimulate the immune system and increase the ‘cytokine storm’ risk.Looking at the effect of elderberry on our physiology, many studies show that elderberry is antiviral and protective for the immune system.  So it is pretty much a mainstream recommendation by many to boost immunity and help protect against cold and flu. But in addition to being antiviral, elderberry also produces several inflammatory particles (cytokines).  One of the most prominent ingredient superstars coming out of the COVID-19 pandemic is elderberry, as consumers shopped for immune-support products wherever and whenever they could. According to SPINS (Chicago) data on the 52 weeks ending November 2020, elderberry experienced a whopping 168.9% sales increase to reach USD 265.80 million in the U.S. mainstream supplements channel and a 71.6% sales increase to reach USD 53.00 million in the U.S. natural supplements channel.Considering the growing demand for elderberry supplements due to the COVID-19 situation, the supplement manufacturers are introducing various elderberry supplements.For instance,In June 2021, MegaFood, a vitamin and supplement brand expertly pairing essential nutrients with real food, announced the launch of the newest addition to their Immune Health line of products: Elderberry Zinc Immune Support* Syrup. This delicious syrup uniquely pairs elderberry and zinc to support a healthy immune system for the whole family, ages four and up.In June 2021,Growve, a leading brand aggregator and operator of popular natural wellness & body care brands, celebrates the successful launch and omnichannel distribution of its award-winning Fruily Organic Real Fruit Gummies. In addition, the company announced that the innovative and nutritional product line for families already has a strong commitment of more than 15,000 retail stores in North America.In March 2020, INS Farms announced the launch of Eldermune in two grades, certified organic and conventional. Eldermune was developed by INS Farms and will be marketed/supplied exclusively by NutriScience.As a result of the rise in demand for elderberry supplements, the production and export of elderberry from the producing country have also increased during 2019-2020.TABLE 1   ELDERBERRY – PERCENT GROWTH IN EXPORT VALUE (2019-2020)EFFECT OF COVID-19 ON SUPPLY CHAIN OF ELDERBERRY SUPPLEMENTSThe impact of coronavirus on the demand, supply, export and import of elderberry supplements market is uncertain. However, the growing demand for elderberry supplements due to health aspects positively impacts the global elderberry supplements market. Amid COVID-19, consumers, suppliers and supply chains in the global food and dietary supplements industry will increase. According to trade organizations in the nutritional products industry, there is a significant impact on the worldwide supply chain for functional foods and dietary supplements, including elderberry supplements.For instance,According to SPINS (Chicago), during the 52 weeks ending October 2019, cross-channel sales growth of elderberry encompassing mainstream, natural and specialty gourmet channels was 83.4%, for total sales of USD 113.00 million. For brief insights on this cross-channel growth, Broken down by channel in terms of the 25 top-selling functional ingredients by dollar sales, elderberry ranked as the 10th bestselling ingredient in the natural channel and the 14th bestseller in the specialty gourmet channel, growing 32.6% and 57.8%, respectively.Given elderberry’s rising popularity and the subsequent threat of adulteration, Artemis takes similar measures to raise awareness and has given industry tools to authenticate their elderberry supply. Artemis organization is aware of the rise in popularity for elderberries and the impact of impurity on elderberries.For instance,RFI has contracted with elderberry growers to stay in stock for now, but he sees shortages coming across the industry in certain classes of certain ingredients. For instance, there’s plenty of conventional zinc, but there may not be enough organic-derived zinc, he explains. “They’re not going to be able to keep up with that production on organic”.GLOBAL ELDERBERRY SUPPLEMENTS MANUFACTURERS: PERSPECTIVE & INITIATIVES“Now, we ask the question: How do we retain these new consumers and how do we consolidate the growth and keep everyone who discovered the benefits of health and wellness, dietary supplements and herbal supplements, to keep them in their life and make them part of their lifestyle going forward?” Graham Rigby, Chief Innovation Officer for Direct-To-Consumer Supplements Company.“Many healthcare supplement producers want elderberry, even if they had never worked with it before.”Gyorgy Csizmadia, Director of the Elderberry Sales Co-operative The growth in herbal and botanical sales in 2020 was equally impressive, at 17.3%. Morton Reynolds noted that herbal supplement sales still grew, especially for immune-health botanicals as elderberry, mushrooms and Echinacea, even despite 6% declining sales of hemp cannabidiol (CBD) in 2019.CONCLUSIONPeople take precautions to fight the COVID-19 situation and maintain their immunity levels at higher rates by consuming healthy food containing nutrients such as a balanced diet and dietary supplements to immune themselves from such infectious diseases. During the COVID-19 pandemic, there has been an increase in elderberry supplements to treat or prevent illness and concern that elderberry might overstimulate the immune system and increase the risk of ‘cytokine storm’. Thus, the impact of COVID-19 on elderberry supplements is uncertain.

  • 15 days ago | Healthcare

    COVID-19 Impact on Clinical Microscopes in Healthcare Industry The COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries along with the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown such as India, China, and other Asian countries to decrease its spread. According to the situation report of 7th June, 2021 by WHO stated 174 million cases of the corona have been reported globally and 3.7 million patients are dead due to the coronavirus. On a slightly positive note, a total of 157 million people have recovered and total of 1.9 million vaccine doses have been administered as well.The COVID-19 pandemic has significantly driven the market for healthcare and diagnostics across the world. The persistence of the COVID-19 for a prolonged period has driven the demand for specific medical devices such as PPE kits and clinical microscopes. Globally, the COVID-19 pandemic has led to unprecedented shifts in healthcare resources with more resources being shifted to research of coronavirus and testing of COVID-19 patients.COVID-19 has impacted the global clinical microscopes market in a positive way due to innovations that have been made in the fields such as electron microscopes.Entire clinical microscope industry has seen a major improvement despite everything being locked down. Several innovations also been carried out during the pandemic. However, about the microscope industry, it is expected to boost in upcoming years due to upcoming innovations in healthcare industry.IMPACT ON DEMAND OF CLINICAL MICROSCOPESClinical electron microscopes application has been confirmed as influential to recent research of coronavirus. From identifying vaccine candidates to analyzing the SARS-CoV-2 spike, research labs and academic institutions around the world have been working closely with operators of clinical microscope to study viruses, cells, and proteins at the molecular level.Apart from the conventional strategies, other diagnostic methods are under development and validation or are currently finding application in research contexts. Among these methods, electron microscopes-based is one of the methods to represent the armamentarium to effectively diagnose COVID-19 infection and to effectively assess the epidemiological spreading of the pandemic.For instance, samples of coronavirus infected human lung cells were shared by Germany based Department of Infectious Diseases at Heidelberg University with specialist clinical microscopists’ at core Facility of The European Molecular Biology Laboratory Electron Microscopes. Furthermore demand for X-ray microscopes increased significantly during COVID-19 crisis.Thus, demand for clinical microscopes has increased due to research and developments made during the outbreak of COVID-19 and rise in demand due to increase in need for diagnosis and detection of disease. IMPACT ON SUPPLY CHAIN OF CLINICAL MICROSCOPESThe restriction imposed such as the lockdown guidelines disrupted the supply of medical devices such as clinical microscope. Furthermore, owing to the onset of COVID-19 pandemic, the companies are now facing increasing regulatory pressure to handle their equipment with utmost care and have to meet stringent guidelines from the regulators. Few companies have also developed their own e-commerce and digital analytics platforms that has benefitted their supply chain, which has overall optimized the supply chain issue of clinical microscopes.For instance,Top Companies such as Olympus life sciences have optimized the digital marketing strategies on basis of making investments. Also companies have adopted various analytics to forecast the demand with more accuracy.IMPACT ON PRICE OF CLINICAL MICROSCOPESCOVID-19 pandemic has continued to drive the rates higher due to capacity constraints across all regions in the world. Greater visibility, transportation management optimization and planning have helped in reducing the costs while providing predictability in delivering materials and products to their desired destination.There is currently a shift toward value-based healthcare market which has impacted the clinical microscopes segment in which price and purchase decisions are based on outcomes. This has resulted in increased inspection of the technology of devices. In consequence, the degree of competition has increased. Thus, the clinical microscopes market is expected to have tremendous growth potential in upcoming years.STRATEGIC DECISIONS BY MANUFACTURERS OF CLINICAL MICROSCOPESVarious strategies are being implemented by the manufacturers such as reach physicians use the strategy as they search with search engine optimization (SEO). Also, pay-per-click or PPC advertising is a cost-effective online advertising strategy that has given the companies an extra edge it needs to show up at the top of search results.One of the oldest forms of digital marketing in terms of clinical microscopes is email as it is still one of the most effective digital marketing strategies, especially when it comes to medical equipment marketing including clinical microscopes.CONCLUSION Pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19.COVID- 19 has impacted the market positively there is increase in demand of clinical microscopes and medical devices. Research labs and academic institutions around the world have been working closely with operators of clinical microscope to study viruses, cells, and proteins at the molecular level which has resulted in surge for the demand of clinical microscopes.Growing demand of clinical microscopes has witnessed increase for laboratory tests related to COVID-19 diagnostics and management. The global pandemic has created increasing awareness among people about health and early testing. This is likely to benefit the clinical microscope market in a positive way.Thus, the aforementioned trends have impacted clinical microscopes testing positively and have altered the needs for laboratory personnel, analyzers, and reagents. Thus, the global population will have to be more focused on treatment and diagnostics for COVID-19.

  • 15 days ago | Food & Beverage

    COVID-19 Impact on Food Certification in Food and Beverage Industry The COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries along with the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown such as India, China, and other Asian countries to decrease its spread. According to the situation report of 7th June, 2021 by WHO stated 174 million cases of the corona have been reported globally and 3.7 million patients are dead due to the coronavirus. On a slightly positive note, a total of 157 million people have recovered and total of 1.9 million vaccine doses have been administered as wellThe COVID-19 pandemic has impacted the food and beverages industry due to the surged demand and consumption for food and beverages. Though, some of the sectors in the food & beverages industry have been impacted either positively or negatively due to the COVID-19. The food certification market can have the positive impacts of the COVID-19 outbreak. The COVID-19 pandemic was initially introduced in the humans due to the consumption of contaminated food so this can be termed as a foodborne illness as well.Factors such as the growing awareness of the environments of food processing facilities as well as building environments that is used in food production and distribution, such as spaces for handling retail food are leading to growth of the food certification market.The demand is increased for the food certification as many governments of various countries are taking precautionary measures on the food safety and its quality.With the increase in the global food trade and the expansion of manufacturing units for processed food products, the growers are focusing on ensuring the safety and quality of their food products. However, food operations are affected around the globe due to COVID-19 pandemic.Impact on Demand of Food Certification MarketAlthough the tension of COVID-19 has clearly been notices in the sector, there were a couple of points that acted as a light at the end of the tunnel.  Post COVID -19’s first wave, global food certification market is growing as people are getting more aware regarding the food safety. People these days highly prefer certified and premium products in order to lead a healthy lifestyle. Food certification is the way and confirmation to the efficient production of safe, quality products. The food industry increasingly subject to scrutiny, testing to ensure compliance with food safety regulations and to protect public health, is a must. Even before COVID-19 the importance of food certification was preferably there but during the pandemic as the awareness of food safety and hygiene has been increased, not only in urban but in rural areas as well. Consumers have started looked after the safety and well-being of their family, which includes adjusting the way they shop for groceries and the types of food products they are purchasing. Thus, consumers prefer laboratory tested and certified food products as it gives quality and safetyIn this COVID-19 situation considering the rapidly changing market landscape, companies are changing their perspectives on expanding beyond traditional markets. In addition to focusing on widening applications, introducing new product portfolios, most of the food and beverage companies are planning to capture domestic and international markets, which will directly increase the growth of the food certification market.For Instance,In October 2020, GFSI issued an updated position on mitigating the impact of the COVID-19 pandemic on GFSI-recognised audits and certification. This new position was designed to provide clarity on the options available to certified organisations and those seeking certification for the first time, when full onsite audits may not be possible.Thus, the growing demand of certified food products is expected to surge the demand of food certification market.Impact on Supply of Food Certification MarketThe lockdown restrictions implemented by government across the globe in 2020 and even the continuing restrictions in 2021 has been disrupting the supply chain. This is expected to pose huge challenges for food product manufactures and could negatively impact the growth of food certification market.However, the complex supply chains increase the chances of food contamination due to improper handling. Therefore, there is increased demand for food certifications among retailers, manufacturers and growers which offers benefits to the food supply chain, such as it manages safety risks, offers preventive and corrective measures to food safety management, and reduces or eliminates the risk of food recalls.The global food certification market is quickly reaching back to its pre-COVID-19 levels and a healthy growth rate is expected over the forecast period.Strategic Initiatives Taken by Manufacturers COVID-19 outbreak has affected every sector in the market which also includes food certification market. The industry has been severely affected due to the disrupted supply and demand in some cases. Many companies are losing their key revenue sources as food services outlets are closed or have been noticing reduced sales. Some companies have closed their production facilities to mitigate potential risks from COVID-19. Many food certification companies are taking initiatives during COVID-19.For instance,“Global standard for food safety has been developed to specify the food safety, quality, and operational criteria required to be in place within a food manufacturing organization to fulfill obligations about legal compliance and protection of the consumer. Food businesses that are certified to the standard must have a full understanding of the products it produces, manufactures and distributes, and have systems in place to identify and control significant product safety hazards. The standard has two key components; senior management commitment and a hazard analysis critical control point (HACCP) based system, which provides a step-by-step approach to managing food safety risks. With all this in mind, businesses that are used to the standard are well positioned to identify, assess and act on the new risks associated with COVID-19”-Jessica Burke, GFSI    Eurofins is offering testing for detection of SARS-CoV-2 in a growing number of countries around the world. Global capacity is increasing daily as Eurofins teams are working round the clock to deliver results in very short turnaround times and often within 12 to 24 hours. In each geographical region, Eurofins laboratories are working closely with public health authorities and following their priorities to support hospitals and medical professionals fighting this unprecedented health crisisGilles Martin, CEO, Eurofins ScientificALS provides routine analysis services to test critical environmental surfaces for the presence and persistence of SARS-CoV-2, the virus that causes COVID-19. Test results are intended to help monitor and strengthen the effectiveness of disinfection and sanitation measures, particularly after outbreaks or positive tests in a business, care home, or public facilityALS LimitedThese initiatives could help restore the food certification market. Pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19.COVID-19 outbreak has affected every sector in the market which includes food certification market. Some companies have closed their production facilities to mitigate potential risks from COVID-19 which has hampered the global food certification market. However, the increasing demand for certified food products is expected to boost the global food certification market in forecasted period.In the current scenario, it has become important to boost the immunity to fight coronavirus, along with maintaining hygiene and following all medical advisories that have been laid down. Even the guidelines provided by World Health Organization (WHO) in its COVID-19 analysis, suggests that the world population should consume immunity-boosting foods.Increasing awareness among consumer regarding healthy diet to maintain strong immune system is projected to boost the growth of global food certification market for long period due to changes in the consumer buying behavior and changes in the dietary habits. Hence, the global food certification market is growing as; people are more inclined to buy certified food products. Thus, the impact of COVID-19 is positive for the food certification market across many nations, and hence the growth is increasing for the industry during coming years, with many opportunities are coming for the food certification.ConclusionPandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19.COVID-19 outbreak has affected every sector in the market which includes food certification market. Some companies have closed their production facilities to mitigate potential risks from COVID-19 which has hampered the global food certification market. However, the increasing demand for certified food products is expected to boost the global food certification market in forecasted period.In the current scenario, it has become important to boost the immunity to fight coronavirus, along with maintaining hygiene and following all medical advisories that have been laid down. Even the guidelines provided by World Health Organization (WHO) in its COVID-19 analysis, suggests that the world population should consume immunity-boosting foods.Increasing awareness among consumer regarding healthy diet to maintain strong immune system is projected to boost the growth of global food certification market for long period due to changes in the consumer buying behavior and changes in the dietary habits. Hence, the global food certification market is growing as; people are more inclined to buy certified food products. Thus, the impact of COVID-19 is positive for the food certification market across many nations, and hence the growth is increasing for the industry during coming years, with many opportunities are coming for the food certification.

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