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Academic Journal of Business & Management, 2021, 3(8); doi: 10.25236/AJBM.2021.030803.

Enlightenment from the performance of pork processing industry during the COVID-19 epidemic

Author(s)

Haoxuan Zhang1, Huaiyu Chen2, Zhentao Hong3, Zhiran Li4, Zhandong Xu5

Corresponding Author:
Haoxuan Zhang
Affiliation(s)

1Zhejiang University of Technology, Hangzhou City, Zhejiang Province, China

2Beijing NO.35 High School, Beijing City, China

3Tianjin University of Science & Technology, Tianjin City, China, 

4Xiamen University Tan Kah Kee College Xiamen, Zhangzhou City, Fujian Province, China

5New Chanel International Education Group Limited, Hangzhou City, Zhejiang province, China

These authors contributed equally to this work

Abstract

The outbreak of COVID-19 epidemic has a great impact on the global economic security and development. By analyzing the existing literature, the epidemic has a deep influence on the pork processing industry, resulting in a decline in the overall profits of the industry. However, through the financial statement analysis of typical enterprise, the profits during the epidemic in COVID-19 has increased, which is closely related to the opening of trade during the epidemic. It can be seen that trade offsets the impact of rising costs caused by the epidemic, so we should avoid the emergence and intensification of trade wars.Therefore, we should safeguard the world economic security together and recover the economies of various countries from the impact of the new epidemic gradually.

Keywords

COVID-19 Epidemic, Pork, Globalization

Cite This Paper

Haoxuan Zhang, Huaiyu Chen, Zhentao Hong, Zhiran Li, Zhandong Xu. Enlightenment from the performance of pork processing industry during the COVID-19 epidemic. Academic Journal of Business & Management (2021) Vol. 3, Issue 8: 10-16. https://doi.org/10.25236/AJBM.2021.030803.

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