Supplies of products used to make canned food are severely affected due to the Covid-19 pandemic. Due to the novel coronavirus, many people have fell sick which leads to a decrease in workers being available for work. Therefore, some factories have to be shut down as workers have gotten sick and some have died. For example, Tyson Foods, the United States’ largest meat processor have warned the people that there will be limited supply of their products available in grocery stores until they are able to reopen their facilities that are currently closed. With less workers processing meat, there would be lesser supply for canned food. More people have been staying home due to the pandemic, and cooking more while eating out less. Many people have been stacking up on groceries especially meat. This leads to people panic buying as they are worried that they do not have enough food and end up buying more groceries than they actually needed. This results in excess food bought by consumers which means there would be lesser supply of food used to make canned food.

4. Changes in taste and preferences for canned products

:seen in source 4
- more consumers prefer fresh food instead of canned food as it is a healthier choice and it can helps to boost their immune system during this pandemic

: seen in source1 

- Approximately 

eight  from  ten  Romanians  consume  homemade 

canned  and  preserved  fruits  and vegetables. 

:seen in source 4
-Change in perception of canned food which results in a decrease in demand for canned food.
-Chinese people do not like canned food. Preserved products used to be the centrepiece of Chinese dinner tables, elevated to status symbol. Now they feel that "eating canned food was like eating Chinese food that was meant for foreigners".

Q5. Do continue to find out further ways/strategies that the producers of such canned products adopt in response to the mentioned change in taste and preferences of their consumers. Again, this should be in the context of your chosen country.
 : debuted its Well Yes! Brand of soup in 2016, which the company toits as offering “clean, simple and nutritious ingredients.” They burnished its credentials by reformulating its existing product line and spending hundreds of millions of dollars to acquire companies to help position it as a go-to marketplace for consumers interested in knowing more about their food and where it comes from (Bolthouse Farms, a maker of carrots, smoothies, juices and dressings was acquired for 1.55billion in 2012, Plum organics in 2013, a children’s food and snack company. Garden Fresh Gourmet was purchased for 231 million, bringing refrigerated salsa, hummus and dips into Campbell’s portfolio. Spent 700 million to purchase natural and organic brand Pacific Foods of Oregon)

As a guide, you might want to use the attached slide from “Non-competitive markets”

Please refer to my specific feedback for your prelim analysis under the respective points (highlighted). Please continue to work on your points further, either finding more evidence to support it or new points to be added into your report. 

Just a heads up, in Stage 2, you will move on to look at how the canned food industry impacts the chosen country's economy and how the country help this industry to grow. 

- In addition to paying more metal, mandarin oranges’ cost has also climbed because of the tariffs. This force companies to increase the price of canned food. As seen in the article, Del Monte Foods has no choice but to pass a 10% hike to customers.
- Economists currently project gains in inflation of between 0.1 to 0.3 percentage point amid the Chinese tariffs and counter-levies by 2020

Since there is a sustained and continuous increase in the general (average) level of prices of canned foods in the U.S. economy, there is an inflation of canned food prices.

ECONOMIC BENEFITS: 
Canned food industry provide job opportunities in the United States and generate sizeable tax revenues for the State and federal government 
as seen in source 1, 
- canned food industry creates a total of 579,607 jobs in the states 
- in 2011 it was responsible for as much as $137.13 billion in total economic activity in the country 
- it also generates sizeable tax revenues of $11.57 billion

In your report, would be good to continue this style of covering the general economic outlook first before zooming into the canned food industry. 

What caused the downturn in the economy? Find out more. How did this impact the specific industry team is looking at (if possible). Is this industry exporting their goods to other countries? What’s the impact due to government policies?

Cover the unemployment situation in US as a whole before going into the canned food industry. Team would need to bring in support about tech replacing workers. What type of unemployment is this? 

Similar to unemployment comment, what’s the general price level situation in USA.

Cost-push or demand-pull or both? Going up or down?