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- Title
Global Animal Protein Trade Impacts of Largescale Human Health Events.
- Authors
Marks, Mary Lynn; Thompson, Jada M.; Upendram, Sreedhar; Yu, T. Edward
- Abstract
The emergence of largescale global human health events is expected to increase with evolving zoonotic and transboundary diseases, climate change, agricultural consolidation, increased globalization, and reliance on trade. The government and market response to a disease is dependent on the size of the outbreak, pathogenicity and virulence of the disease, and the perceived risks of its introduction and spread. The impact of largescale human disease events and their respective institutional response can lead to financial and market disruptions and effect nearly every industrial sector and market, including animal protein trade. The latest human disease event, the COVID-19 (SARS-CoV-2) pandemic, continues to be the largest, most expansive disease event in the last century. The COVID-19 pandemic has had sizeable implications domestically and internationally. Labor shortages and supply chain disruptions coupled with demand changes and disease eradication policies substantially impacted global markets. Despite the emergent literature on COVID-19, little has been done to collectively identify and analyze the effects of largescale human health events on animal protein trade. Using export trade data from 2010-2020 for animal protein exporters, this analysis estimates the effects human health events (i.e., MERS-Cov, COVID-19, Ebola, and Zika virus) on global animal protein trade for 23 individual commodities (6-digit HS level). Results show heterogeneity between diseases, products, and exporters. This heterogeneity indicates differences in response between events, dependent on event size, scope, and impacts. The study results can help improve preemptive business continuity planning and deepen the understanding of the implications of future emerging largescale health events on the meat industry.
- Subjects
MEAT industry; COVID-19 pandemic; BUSINESS planning; LABOR supply; GLOBALIZATION
- Publication
Western Economics Forum, 2022, Vol 20, Issue 2, p36
- ISSN
1550-4980
- Publication type
Article