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This research aims to grasp the evolution of consumer demand and improve the resilience of the hotel industry under the public health crisis (COVID-19). Online reviews of 7,679 hotels in 10 cities were collected from Ctrip, China's major online hotel platform. Then, we applied opinion mining and time evolution to mine the change in consumer demand before, during, and after the COVID-19 pandemic. Findings show that some consumer demands (e.g. epidemic safety) will change during the outbreak period. However, during the nonoutbreak period, users were more concerned about their own check-in experience (e.g. hotel facilities, front desk services). This article provides new ideas for identifying the dynamic value of online reviews. We suggest that businesses focus on ensuring hotel safety during the crisis period. The results contribute essential theoretical and practical significance to the hotel industry's crisis management during public health crises.
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PurposeThe purpose of this paper was to determine the profile of dairy product consumers in the organic market.Design/methodology/approachThe study was based on a survey questionnaire developed by the author and administered to a total of 1,108 respondents. The statistical analysis (including descriptive statistics, the analysis of the discriminative function and the Chi2 test was performed with the use of Statistica 13.1 PL. The respondents' gender was the factor behind the differences in how they behaved.FindingsThe consumers indicated the channels they rely upon to find information on organic dairy products;in addition to trusting the opinions of their family members and experts, they also use web platforms. Further, they specified their preferred locations for buying favorite products during the pandemic: specialized organic food shops, large distribution chains and online stores.Practical implicationsThese outcomes will help in identifying target consumer segments and information channels for specific information and advertising messages. They also form an important resource for developing some potential strategies which the supply chain stakeholders could implement to promote organic consumption of dairy products.Originality/valueThis study identifies consumers' preferred dairy products;motives for purchasing organic dairy products;barriers that consumers believe exist in the market;sources of knowledge about products purchased by consumers;and consumers' preferred channels for purchasing organic dairy products. To the best of the author's knowledge, this is the first study of dairy product consumers in the organic market in Poland.
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Supply chain managers are forced to develop crisis-induced strategies due to the complexity of crises, as opposed to the more traditional strategies that prioritize competitive priorities. The increasing frequency and severity of recent crises, such as the coronavirus outbreaks, widespread product recalls, and financial crises, highlight the need for introspective and retrospective socio-economic insights on the contexts, priorities, and themes of supply chain management in times of crisis. This article's goal is to review the literature on supply chain management during times of crisis, organizing the relevant body of scholarly work in a systematic way, outlining current research methodologies, capturing strategic priorities and themes of complexity in research studies, and highlighting opportunities for additional research. Four factors for restorative priorities are identified by the review, which is based on a systematic analysis of 250 academic publications from 1996 to 2021 and reflects operations strategy in times of crisis: Critical supplies with important services, prompt action with restoration, safety with security, and traceability with transparency are just a few examples. The analysis also reveals that network configurations and business cycle complexity, optimal choices and provisioning system complexity, complicated learning processes and demand forecast are all sources of operational complexity during crises. The build-to-cycle, organic capabilities, and operational mindfulness framings for supply chain management in emergency situations are suggested with the use of review insights. The article ends with suggestions for future research on supply chain improvements, diagnosis, solidarity, mapping, temporariness, and thresholds, as well as optimal selection issues on connecting crisis network allocations with cross-functionalities and connecting crisis systems investments with liabilities.
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After the global tourism industry has experienced the impact of the pandemic, it is critical that people gain confidence in traveling and have the impression that staying in hotels is now safe, because only in this way tourism businesses such as hotels can be fully successful in recovering. For this reason, the researchers guided by a descriptive research design and quantitative research approach, aimed to determine what people think about staying in a hotel, particularly in terms of safety and security, price, location, and service quality, in the time of COVID-19 pandemic recovery stage, focused on the local community of Calamba City, Laguna, Philippines, being one of richest cities in the country and the place where the researchers reside. Moreover, a comparative analysis of the perspective of the respondents has been performed in terms of their age, sex, and educational attainment, identifying which age, sex and educational attainment groups have more positive or negative attitude, and a higher or lower level of hotel stay intention compared with other groups. Being the first study that has assessed the tourism market particularly in terms of their perspective on hotel stay as the hospitality industry attempts to recover from the impact of the pandemic, this is expected to provide a clear picture of the need for management of hotels to continuously work on marketing efforts highlighting the information that it is now safe to practice tourism and stay in their establishments, hence, serving as a guide in coming up with promotional strategies and an action plan, as well as a motivation for researchers who wish to determine the same in their locality or country.
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Broiler chicken eggs are one of the main and strategic foods for the people of Indonesia and contribute to regional and national inflation. Broiler egg production in Indonesia differs between regions. Areas with a surplus of eggs tend to have lower prices than areas with a deficit. This research is to measure the transmission of broiler egg prices between markets in surplus and deficit areas, using weekly price time series data for the period January 2018-December 2021. Areas of surplus broiler eggs, East Java Province (the highest broiler egg production in Indonesia) which become one of the main suppliers to the Province of East Nusa Tenggara as a deficit area. Using the Johannsen cointegration test it is found that there is no cointegration or there is no relationship between the surplus and deficit regions in the long term but not in the short term. Factors of marketing infrastructure, market information systems, and geographical conditions can be obstacles to the absence of cointegration. The VAR (Vector Auto-Regressive) Vector Error Correction model (VECM) test, found that price transmission occurred between surplus and deficit areas, meaning that between the two regions, there was market integration prior to Covid. The transmission has weakened, and due to the Covid situation, there have been restrictions on the movement of people and goods. The government and other market players need to study the response of the broiler egg market, in the short and long term so that market players can make the right policies.
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With the United States presidential election merely days away (set to take place on 3 Nov. 2020), the world's gaze has shifted to the race for the White House and whether there will be a Republican or Democrat taking office. [...]if this circumstance were to change, there would be potential consequences for European pharma companies that have a presence in or deal with the US. If the Democrats win the presidency and have control over Congress, it is expected that foreign and generic-drug manufacturers would benefit as a result of lower market entrance barriers.
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[...]just after the autumn equinox, Europe is still a long way from finding vaccines to fight back-as a hearing in the European Parliament on Sept. 23 confirmed. Members of European Parliament (MEPs) wanted to make sure that drug firms were not being given a blank check from public funds, while charging what they wanted for their products and dodging responsibility for any side effects. [...]she said, there are issues of competition that must be respected until all the contracts are complete. Since the European Commission has already indicated that prices will be in the range of €5 to €15 (about $6 to $18 USD) a dose, that is sufficient for the moment, she added, and "it is right" that the exact prices are not yet available.
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PurposeThis study aims to investigate the relationships between loan growth, loan losses and net income after the 2008 global financial crisis. This study further conducts a comparative analysis by considering the period of COVID-19. Design/methodology/approachThis study uses panel data models such as one-step system GMM, random effects, fixed effects and OLS, with a data set of 131 Chinese commercial banks from 2009 to 2020. FindingsThe study finds no significant relationship between loan growth and future loan losses. However, after adjusting loan loss by net interest income (NII-adjusted loan loss), the study reveals that loan growth in the subsequent year decreases if NII-adjusted loan loss increases. The study also demonstrates the positive effect of loan growth on net income as newly expanded loans are funded at similar costs but offered at a lower rate compared with existing loans. During COVID-19, loan growth and net income were higher than in previous years. Originality/valueThe findings suggest that Chinese banks can increase lending to support the economy without sacrificing loan quality, emphasizing the importance of maintaining and enhancing credit policies and practices. Chinese banks should also continue to refine their pricing strategies for loans and deposits. The findings also imply that China's policy responses to the impact of COVID-19 could serve as lessons for future policy decisions.
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This research determines the impacts of COVID-19 US on crawfish production and consumption for 2020 and 2021 using an Equilibrium Displacement Model. In the US, crawfish is one of the seafood commodities where most production is consumed by domestic consumers (7% of domestic consumption is from imports). Crawfish and rice are complementary. Therefore, the impacts of COVID-19 on crawfish consumption simultaneously influence rice production and crawfish producers and consumers. In the first year of COVID-19 (2020), the reduction in crawfish retail demand caused negative effects on final consumers and producers. However, crawfish consumption recovered significantly in the second year (2021), which could compensate for the loss in 2020. Overall, consumer and producer gains ranged from $549 to $626 million if the COVID-19 pandemic only impacted retail consumption. However, in 2021, the increase in production costs due to higher oil/diesel prices and other input prices caused the farm supply to decrease. As a result, total welfare gains ranged from $200 to $228 million. If the demand in 2021 did not increase, but the crawfish farm supply decreased, consumer and producer losses ranged from $929 to $1045 million. Overall, the total effects of COVID-19 on consumers and producers for 2020 and 2021 depend on its effects in 2021. If the demand in 2021 increased following the decrease in farm supply, consumers and producers would benefit from the shocks of COVID-19 due to higher post-COVID-19 demand.
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The study aims to determine the influencing factors and their impact levels on residential land prices. The research investigated 241 officials, real estate investors, appraisers, and real estate brokers on factors affecting residential land prices. Research results have shown 13 groups with 45 factors affecting the price of residential land. The impact rates of the factor groups range from 1.43% to 23.65%. The COVID-19 pandemic factor group has the strongest impact on land prices, followed by other factor groups, including upgrading administrative units;formulation and implementation of the planning;the real estate market;financial – economics;credit;real estate brokerage;infrastructure;location of the land parcel;particular factors;juridical factors;environment and social security. To harmonize the interests of the State, investors, and land users when valuing land, it is necessary to pay attention to the factors that strongly impact land prices first, and then the smaller ones. [ FROM AUTHOR] Copyright of Real Estate Management & Valuation is the property of Sciendo and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)
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Over the years, the gold prices have been increasing rapidly. Covid-19 and its impact leads to rise in the prices of Gold in the year 2020. So many variables are mindful for increasing the gold cost in India and it leads to investment decisions of individuals and enterprises. Autoregressive Integrated Moving Average (ARIMA) is useful method to gauge time series data. In the paper we mainly focus on daily costs of Gold from the year 2018 to 2020 to determine and forecast the daily gold prices in 2021. Also estimate the error (%) between the observed and estimated values through ARIMA model. This study will provide the estimates of suitable ARIMA model (0,1,2) along with Autocorrelation function (ACF) & Partial autocorrelation function (PACF) from the selected data, The auxiliary source information shows the positive patterns for getting effectiveness, For quantitative examination and speculation selections of financial backers. © 2023 Author(s).
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Philippines is one of the highest electricity prices in the ASEAN where harnessing renewable energy using wasted human effort is necessary. The global pandemic COVID-19 is spreading and because of this, establishments have required sanitation. The study's main objective is to Develop a Rotational Electromagnetic Induction Flywheel using Foot Pedal as Actuation to Harvest Renewable Energy. T-test was used to validate the results using the battery percentage of a power bank as the parameter, where there is a significant difference between single and multiple actuations with an attached mechanical dispenser and without. The system was able to harness an average of 0.30992 Watt-hour and 6.11476 Watt-hour in 5 daily trials for single and multiple controlled set-ups without mechanical dispenser respectively. An average of 0.2441 Watt-hour and 5.0027 Watt-hour for single and multiple controlled set-ups with mechanical dispenser correspondingly. Lastly, an average of 3.2924 Watt-hour in 5 daily trials for uncontrolled set-up. © 2023 IEEE.
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India's capital markets are witnessing intense uncertainty due to global market failures. Since the outbreak of COVID-19, risk asset prices have plummeted sharply. Risk assets declined half or more compared to the losses in 2008 and 2009. The high volatility is likely to continue in the short term;as a result, the Indian markets have declined sharply. In this paper, we have used different algorithms such as Gated Recurrent Unit, Long Short-Term Memory, Support Vector Regressor, Decision Tree, Random Forest, Lasso Regression, Ridge Regression, Bayesian Ridge Regression, Gradient Boost, and Stochastic Gradient Descent Algorithm to predict financial markets based on historical data available along with economic and financial features during this pandemic. According to our findings, deep learning models can accurately estimate financial indexes by utilizing non-linear transaction data. We found that the Gated Recurrent Unit performs better than the existing model. © 2023 IEEE.
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Irrigation is increasingly being called upon to help stabilize and grow food and water security in the face of multiple crises;these crises include climate change, but also recent global food and energy price crises, including the 2007/08 food and energy price crises, and the more recent crises triggered by the COVID-19 pandemic and the war on Ukraine. While irrigation development used to focus on public, large-scale, surface- and reservoir-fed systems, over the last several decades, private small-scale investments in groundwater irrigation have grown in importance and are expected to see rapid future growth, particularly in connection with solar-powered pumping systems. But is irrigation 'fit-for-purpose' to support population growth, economic development, and multiple food, energy and climate crises? This paper reviews how fit-for-purpose irrigation is with a focus on economies of scale of surface and groundwater systems, and a particular examination of systems in Sub-Saharan Africa where the need for expansion is largest. The review finds challenges for both larger surface and smaller groundwater systems in the face of growing demand for irrigated agriculture and dwindling and less reliable water supplies. To support resilience of the sector, we propose both a holistic design and management improvement agenda for larger surface systems, and a series of suggestions to improve sustainability concerns of groundwater systems.
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This paper begins with a survey of recent commodity price developments that highlights the magnitude of this price surge and identifies the rapid rise in wheat prices as a key element. The analysis in this paper focuses on the extent to which domestic markets are insulated from these changes and on the resulting impacts on world prices. An econometric analysis using Error Correction Models finds stable long-term relationships between world wheat prices and most domestic prices of wheat and wheat products, but with considerable variation across countries in the rate of price transmission. A case study of the price shocks during the Covid pandemic and the Ukraine food price crisis finds that price insulation roughly doubled the overall increase in world wheat prices and raised their volatility both during periods of price increase and price decline.
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Insights on the indirect effects of the COVID-19 pandemic are critical for designing and implementing policies to alleviate the food security burden it may have caused, and for bolstering rural communities against similar macroeconomic shocks in the future. Yet estimating the causal effects of the pandemic is difficult due to its ubiquitous nature and entanglement with other shocks. In this descriptive study, we combine high-resolution satellite imagery to control for plot-level rainfall with household socio-economic panel data from 2014, 2016, 2019 and 2020, to differentiate the effect of the pandemic from climatic shocks on food security in Morogoro, Tanzania. We find evidence of decreased incomes, increased prices of staple foods, and increased food insecurity in 2020 relative to previous years, and link these changes to the pandemic by asking households about their perceptions of COVID-19. Respondents overwhelmingly attribute economic hardships to the pandemic, with perceived impacts differing by asset level.
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The paper presents the reaction of the Romanian cereal market to the disruption of trade flows caused by certain shocks, such as the COVID-19 pandemic, which lead to changes with high impact on the functioning of this market, representing an important test for the resilience of the sector. Due to trade liberalization in global markets, including agri-food markets, the competitiveness of exports has become increasingly important, contributing to the creation of the country's competitive advantage. Any restrictions to trade in agri-food products can distort trade flows, and this disruption will have an impact on supply and prices. Maintaining a balance between imports and exports is essential to ensure domestic market stability. International trade in agri-food products plays an important role in global food security. The results show that Romania mainly exports unprocessed agricultural products, with cereals having the largest share in the export structure, cereal supply is dependent on climate change, yet it is one of the products with the lowest volatility. The cereal market shows a more elastic reaction to price responses, even though demand for staple foods is generally inelastic.
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The major goal of this study is to trace the emergence of SFC-related research across time, using a thematic map and a list of corresponding publications. In addition, this study aims to determine the author who has made the most significant contribution to this particular field. This study provides a comprehensive bibliometric analysis of the historical development and current trends in sustainable food consumption research, examining 2265 articles published between 1990 and 2023. Using the bibliometrics package of R Studio software version 4.2.1 and its Biblioshiny package, articles from the Scopus and Web of Science databases are examined. In the field of sustainable food consumption, we identify five distinct research phases: initial stagnation, infant growth, post-economic crisis, expanding phase and COVID-19 and post-pandemic. While research on broader sustainability topics can be traced back to the early 20th century, a very limited number of articles on sustainable food consumption was published in the 1990s. However, the number of publications increased incrementally over time, with a notable uptick in interest around 2015, and the subject was still being discussed in 2022. The emergence of the COVID-19 pandemic marked the beginning of the most recent phase of research, which analyzed the consumption patterns of consumers before and after the pandemic. Our study highlights key authors, documents and sources related to sustainable food consumption. The United States, Italy and the United Kingdom emerged as the most active contributors to the research on sustainable food consumption and were additionally the countries with the largest global market shares for organic products. Major sub-themes including organic food, food waste, sustainable development and food security, together with consumer behavior and organic products appeared as being the most researched sub-themes of recent times. The results of this study suggest that more research is related to sustainable food consumption in countries with a low organic food market share. In addition, the investigation of actual data on food waste, carbon footprints and greenhouse gas emissions resulting from food production and consumption is essential to gain holistic insights.
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This article analyzes the impact of the following major factors influencing the Russian ruble exchange rate: oil prices, inflation, the balance of payments flows, and volatility, which are all considered against the background of the COVID-19 pandemic. The analysis reveals that all these factors continued to play a role in 2020, though the shock of the pandemic exhibited certain specific features.
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Energy poverty is a multifaceted phenomenon that affects many Europeans. Alleviating energy poverty is high in the EU, national, and local policy agendas. Despite the attention the phenomenon has been gaining from a policy perspective, especially after the current energy crisis, there are still some gaps due to the complexity of the issue and its vastly different manifestations across Europe. This manuscript presents the policy implications stemming from the implementation of the POWEPROOR approach in alleviating energy poverty in eight European countries, as co-created with relevant stakeholders in each country. The knowledge gained from empowering energy-poor citizens by promoting behavioural changes and small-scale energy efficiency interventions, as well as by encouraging the uptake of renewable energy sources in the form of collective energy initiatives while leveraging innovative financing schemes, resulted in policy recommendations for national and sub-national governments and lessons for civil society and the private sector.