Research on the Effect of Change in Consumption under COVID-19

DOI

10.2991/aebmr.k.220307.174How to use a DOI?

Keywords

COVID-19; mask consumption; food and drinking consumption; limitation restaurant; effect on hospitality

Abstract

The spread of coronavirus disease (COVID-19) in 2019 has led to a social crisis in the world. The virus’s restriction on social offline activities, as well as the virus’s psychological panic, changed human consumption behavior on products, negatively impacting the operations of businesses in a variety of industries. During the disease, the consumption of masks has increased at the highest level in recent years in some countries. While the people quantity demanded changed on food and drinking is different, some types of food needed more and others less. In fact, the data collected shows that the effect of the pandemic on global supply or macroeconomic area is serious and demand more than 6 years to recover. Meanwhile, a lot of industries closed entities caused by sale revenue decreased, even some businesses had fallen on net profit with 35% or higher. There are some figures that will be showed in this paper below which should describe the large difference before and after COVID-19. Thus, this paper is going to collect data from professional references to summarize the consumption pattern changed on the product, also to analyze how these changes influence the operation of industries and further consequences like on unemployment rate and degree of social welfare.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

Download article (PDF)

TY  - CONF
AU  - Wanhe Li
PY  - 2022
DA  - 2022/03/26
TI  - Research on the Effect of Change in Consumption under COVID-19
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1056
EP  - 1061
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.174
DO  - 10.2991/aebmr.k.220307.174
ID  - Li2022
ER  -