Enlightenment from the performance of pork processing industry during the COVID-19 epidemic

Abstract

The outbreak of COVID-19 epidemic has a great impact on the global economic security and development. By analyzing the existing literature, the epidemic has a deep influence on the pork processing industry, resulting in a decline in the overall profits of the industry. However, through the financial statement analysis of typical enterprise, the profits during the epidemic in COVID-19 has increased, which is closely related to the opening of trade during the epidemic. It can be seen that trade offsets the impact of rising costs caused by the epidemic, so we should avoid the emergence and intensification of trade wars.Therefore, we should safeguard the world economic security together and recover the economies of various countries from the impact of the new epidemic gradually.