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Research Outline
Prepared for Mark S. | Delivered April 10, 2020
Response to COVID-19
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Goals
To find case studies in agriculture, energy, higher education and manufacturing of how companies are responding to the COVID-19 pandemic.
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Early Findings
Agriculture
Farmers will have already made
production decisions
for the year, so despite possible interruptions to the food supply chain, things will have to proceed as 'normal' to an extent.
Smaller farmers who depend on
direct sales
will be significantly impacted.
Some other
impacts
will be a shortage in labor for in-person operations and a drop in commodity pricing.
Smithfield Foods
, a major food (meat) processor, has issued its response to the pandemic. For its in-person operations, the company has introduced deeper and more frequent cleaning protocols, paid 14-day quarantines for workers who are exposed, increased social distancing, temperature checks and new plexiglass barriers.
The company also issued a
$500 bonus
to its team members to thank them for their hard work.
Smithfield is also donating
$3 million
in cash and products to Feeding America and other local food banks.
The CEO also issued a
pledge
to "sustain the food system", maintaining its upstream and downstream supply chain relationships.
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