Analysis of the Development of the Dairy Industry During COVID-19

Abstract

The outbreak of COVID-19 at the end of 2019 has brought a huge impact on the development of the world economy, and this paper reviews and summarizes the existing research results from three aspects: producers, manufacturers, and retailers, respectively, focusing on the impact of the epidemic on the dairy industry. The results show that the epidemic has an impact on farm costs by affecting the three aspects of producers, labor and livestock. At the same time, through the analysis of dairy production companies, it is found that the government’s protection policies for the dairy industry are still not in place. Retail Businesses tend to keep the price of dairy products stable, but they will be affected by consumer behavior and the supply chain. This research has important reference value for policy makers and market practitioners who are concerned about the impact of COVID-19 on the dairy industry.