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POTENTIAL SCENARIOS FOR OVERCOMING THE COVID-19 CRISIS IN FOOD SUPPLY CHAINS IN LATVIA
Abstract
The Covid-19 pandemic has produced another era on the planet while we sort out the outcomes in various parts of our everyday life. The food sector and food supply chain do not incorporate an exception. In Latvia, the agricultural and food sector is important for the national economy; therefore, it is important that production, processing, logistics, supply and trade disruptions are successfully overcome during the pandemic and the food sector develops rapidly after the crisis and is more resilient in the future. Therefore, the aim of the present research is to examine potential scenarios for overcoming the crisis in food supply chains with the aim of promoting sectoral development and resilience after Covid-19 crisis in Latvia. The research identified two key drivers of food supply chains during the crisis and post-crisis period: 1) market demand for a particular product; 2) capability to ensure the production process is uninterrupted, with the availability and sufficiency of individuals/employees at all stages of the food supply chain. Any case of Covid-19 in a company could lead to production interruptions, thereby causing losses to the company and affecting the market situation. The research developed four scenarios for food supply chains for the crisis and post-crisis period, gave descriptions of the scenarios for key food sector segments and found that the scenarios and the resilience of the food sector during the post-crisis period were determined by the duration of the crisis.
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