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Article

Impact of the COVID-19 Pandemic on Agri-Food Companies in the Region of Extremadura (Spain)

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Department of Economy, Faculty of Economics and Business, University of Extremadura, 06006 Badajoz, Spain
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Department of Business Management and Sociology, Faculty of Economics and Business, University of Extremadura, 06006 Badajoz, Spain
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Author to whom correspondence should be addressed.
Academic Editor: Gabrijel Ondrasek
Agronomy 2021, 11(5), 971; https://doi.org/10.3390/agronomy11050971
Received: 30 March 2021 / Revised: 10 May 2021 / Accepted: 11 May 2021 / Published: 13 May 2021
(This article belongs to the Special Issue COVID-19 Crises & Implications to Agri-Food Sector)
The coronavirus pandemic is having an economic impact, previously non-existent, on the world economy. The objective of this study is to analyze the impact of COVID-19 on agri-food companies in the region of Extremadura (Spain). A multiple-case study based on in-depth interviews was carried out in the period February 2020–January 2021. The results reveal the existence of negative and positive impacts, both financial (decrease in turnover; decrease/displacement in the demand for products; budget reduction in R&D projects; increase in certain product sales) and operational (difficulty in marketing activities, lack of staff, stoppage in company activity, and supply problems), depending, principally, on the nature of the products, the changes generated in consumer behavior, and mobility problems. Likewise, changes were observed in processes (search of clients in other markets, increased use of technology in communication and marketing activities, and development of new products) and procedures (reorganization of personnel activities, implementation of new health protocols) in companies to overcome the obstacles imposed by the new situation. In conclusion, the change in surrounding conditions, and the characteristics of the spread of the pandemic, have impacted on the strategies, behavior, processes, dynamics and results of organizations regardless of their size and the nature of their work product or service. View Full-Text
Keywords: agri-food companies; COVID-19; multiple-case study; impact; actions agri-food companies; COVID-19; multiple-case study; impact; actions
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MDPI and ACS Style

Corchuelo Martínez-Azúa, B.; López-Salazar, P.E.; Sama-Berrocal, C. Impact of the COVID-19 Pandemic on Agri-Food Companies in the Region of Extremadura (Spain). Agronomy 2021, 11, 971. https://doi.org/10.3390/agronomy11050971

AMA Style

Corchuelo Martínez-Azúa B, López-Salazar PE, Sama-Berrocal C. Impact of the COVID-19 Pandemic on Agri-Food Companies in the Region of Extremadura (Spain). Agronomy. 2021; 11(5):971. https://doi.org/10.3390/agronomy11050971

Chicago/Turabian Style

Corchuelo Martínez-Azúa, Beatriz, Pedro E. López-Salazar, and Celia Sama-Berrocal. 2021. "Impact of the COVID-19 Pandemic on Agri-Food Companies in the Region of Extremadura (Spain)" Agronomy 11, no. 5: 971. https://doi.org/10.3390/agronomy11050971

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