FAO Big Data tool on Covid-19 impact on food value chains
COVID-19 hit the centres of the global food value chains, causing highly impactful disruptions that determined ripple effects throughout all phases of the supply chain, from production to processing and distribution. The triggering factor of all such consequences were the containment measures adopted by national governments to limit the spread of the coronavirus, which caused drastic paradigm shifts.
The Data Lab developed and implemented a new set of tools in order to assist the FAO and all stakeholders in analysing how exactly COVID-19 is affecting food value chains and food security around the world. The tools use open-access resources, are updated daily and are complemented with useful visual representations. This way, raw data are enriched with additional value, consisting in the possibility of sorting information by relevance and carrying out semantic searches, according to the users’ needs.
More specifically, the tools are:
- Impact analyses: collection and organization of daily information relative to food value chain disruptions and trade-related measures, with the objective of highlighting new consequences of the coronavirus pandemic on the food supply chains;
- Daily food prices: monitor of the consumer prices of 14 food products in all countries, with updated percentage prices changes;
- Tweets search: collection of tweets related to the impact of the coronavirus pandemic on the food value chains, from more than 270 newspapers accounts worldwide;
- News search: collection of news related to the impact of the coronavirus pandemic on the food value chains;
- Daily news digest: collection and summary of the most relevant news on the impact of COVID-19 on the food value chains, complemented with the results of the COVID-19 impact, food prices and tweets analyses, and organized into four sections (food chain disruptions, impact on commodities and food prices, countries’ response, regional focus).
Except for the first tool, the other tools have become standalone products with a broader coverage (see the Products menu), now featuring Covid-19 as one of the topics among other topics of interest.
The maps below show some of the daily analyses that this tool carries out: geographic distribution of COVID-19 cases and food insecurity; countries focus on food chains issues based on a sentiment analysis of newspapers' tweets worldwide; food prices variations; and the trend in the economic and food dimensions of food chains in association to the COVID-19 found in the newspapers' tweets.
This tool was released for general use as early as possible to provide relevant and up-to-date information on the COVID-19 impact on supply chains and food security. The platform, its coverage, functions and analytics will keep evolving in the near future.
Food price increases (%) since 14 February 2020
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and about specific commodities (bubbles)
Click here for more on news coverage.
about Covid-19 and value chains.
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