The Impact Of Economic Indicators On Food Supply Chain Of Palestine

Abstract

Food supply chain has become a crucial segment of every economy, especially after the COVID-19. Lockdown was imposed in Palestine which is why it was very hard to maintain the food supply chain from forms to end-users. Pandemic disturbs every economy but developing economies like Palestine were more vulnerable. Although, Palestine authorities did their best by adopting best economic practices still various indicators impact the food supply chain. The aim of this article is empirically finding out the impact of economic indicators on the food supply chain. This is a quantitative study and the questionnaire was adopted from well-reputed studies. The data was collected by convenience sampling and analyzed by structuring equation modeling through Smart PLS. The finding of this study revealed that the inflation rate is negatively affecting the performance of the food supply chain although economic indicators are not significantly impacting. This study has unique findings it has been found that HDI is positively and significantly affecting the food supply chain and HDI is also positively and significantly affecting the GDP but GDP is also positively impacting the food supply chain but not significantly. This may be because of the emerging countries that heavily rely on external support and has less industrialization. This study help managers to understand that inflation is very bad for the food supply chain so they must take care of the inflation rate while decision making. This study helps government to take necessary measures regarding interest rate and inflation rates.