Covid19 fact: Tourism may have disappeared, but demand for New Zealand food is stronger than ever
Today, tourism, historically a tiny industry, is among the most significant drivers of the global economy. It has grown to be a giant over the last few decades, accounting for 10% of global GDP and 320 million jobs. Countries all over the world imposed travel restrictions in order to restrict the spread of the coronavirus. Airport closures are among the steps that countries are taking to contain the virus outbreak, which began at various airports and airlines across the world and has recently been expanded to all travel locations.
This statistic seems likely to be close to the actual figure, at least by the end of 2020, as 93% of the global population is estimated to be in countries that have confirmed cases of the coronavirus's spread. Three billion people have been trapped inside countries that enforce severe travel restrictions due to the outbreak. However, amid global economic uncertainty, a new study indicates that New Zealand's land-based industry exports are humming – with a sizable portion going to the world's most populous nation.
Amidst of this global pandemic has brought to light the fundamental disparities that exist within capitalist food systems. Meanwhile, New Zealand's response to the pandemic has been widely lauded. Food availability was never an issue; the pandemic's victim, one specific characteristic of the pandemic, still has maintained that the country is constantly experiencing chronic food insecurity.
What's the growth behind it?
COVID-19 pandemic is a global health crisis that has a devastating effect on the global economy – both directly and indirectly through the requisite containment steps. The food and agriculture sectors are also feeling the impact of these changes. Although food supplies have remained stable thus far, in many countries, actions taken to combat the virus are beginning to disrupt the supply of agro-food products to markets and customers, both within and across borders. Additionally, the sector is undergoing a significant change in its composition and – for certain commodities – in its level of demand.
The issue of doubt and fear in purity spreads widely overseas and considerably. It seems that New Zealand’s reputation has weakened because overseas customers are unsure of the quality of the goods they are having. However, In an NZIER (New Zealand Institute of Economic Research) survey, lead economist and author Chris Nixon have attributed part of the agricultural export sector's success to the country's resilience in producing high-quality, clean goods, trustworthy items, and innovative organizations.
Main Exports and Trading Allies
New Zealand's export portfolio is diverse. In 2016, New Zealand listed their top ten trading partners, including the largest and most progressive countries globally, such as the United States of America and China. New Zealand exports a diverse range of goods, but similar production items continue to be their primary export revenue score. This sector includes shipping ready-to-eat meals, easy-to-cook foods, and beverages. Although the country already secured notable trading allies, they still seek to expand their exports to other developing countries worldwide.
Manufactures & Exports Products
New Zealand has a long-established and successful tradition of manufacturing and exporting food and beverages. The New Zealand market consists of some big export categories, including dairy, beef, apples, and kiwifruit, while a few years ago was defined by its abundance of these products. A billion-dollar business for the wine industry can have arisen in the last two decades and has also seen substantial sales gains over the previous two decades. Growth has come about as a lot more due to the expansion of the value, but much more so due to the volume's development.
Popular New Zealand Food
The country's residents are obsessed with ice cream. New Zealanders, likewise, adore Pavlova. For something a little more nutritious, there's no substitute for the delicious kiwifruit – On the inside, it's thin, fuzzy, and green and is best eaten by scooping out the smooth, juicy flesh from the middle.
New Zealand is famous for housing some of the world's most spectacular seafood. Besides Japan, New Zealand is among the countries offering the freshest and tastiest seafood globally because of their extensive shorelines. The country is known to produce high-quality fishes and seashells, which are exported to various nations.
Fish and Chips
Fish and chips are generally famous in different parts of the world, including New Zealand. Who wouldn't like crispy chips partnered with juicy and battered soft fish, right? Hence, the country continues to supply exceptional fish and chips that can be at par with other competitive countries out there.
Roasted Lamb is another popular dish in New Zealand, not only for locals but also for tourists. New Zealand is regarded as a country with great pastures leading to healthy livestock. Thus, countries that import lamb meat from New Zealand is guaranteed fresh and high-quality products. You can eat a top-notch roasted lamb straight from New Zealand at your home's comfort.
Food inspections on a scheduled basis
Food verification facilities are critical to the success of companies. Food verification services must continue during the COVID-19 response to ensure proper food safety management. Before the installation of remote checks can resume, New Zealand businesses will use an on-site check system built under the Food Act 2014 known as the Remote Check Systems, which allow on-site expansion, scheduled verification methods of food safety-professionals. This permits professionals who have finished their remote training to use the phone, Skype, or the internet to schedule their verifications of business suppliers to perform food safety checks on them remotely.
Efficiency in the stock market
Since 2000, New Zealand's economy is stable and gradually increasing until today. Every country in the world is facing various issues, including decreasing finances. However, New Zealand begs to differ as their food sector continues to drive earnings as they export different products to numerous countries amidst the pandemic. Thanks to their export activities and flourishing food businesses, New Zealand awaits attractive returns.
Nonetheless, in light of known significant risks, it is likely to be a sound long-term investment. Though New Zealand's response to the pandemic has been successful, the government should have done more in anticipatory policy development. However, for many other nations, Covid19 has been a governance failure with immense human costs. This pandemic serves as a vast, global wake-up call for governments and voters alike, who will undoubtedly face more difficult transnational crises in the future.