Food Industry Bounces Back After Years of Disruptions
🍔 Resilience and Recovery: Food Industry Bounces Back After Years of Disruptions.
The food industry has experienced significant disruptions in recent years, including Brexit, COVID-19, conflicts, weather events, animal diseases, and inflation, leading to a global increase in food prices. In response, manufacturers, farmers, restaurants, and businesses are adapting and finding creative solutions to navigate the challenges caused by inflation. This includes minimizing wastage, utilizing substitutes, implementing dual-sourcing strategies, and collaborating with suppliers to optimize supply chains. While the industry still has a long way to go to reach pre-pandemic prices, there are positive signs of countries stepping up to fill supply gaps and businesses diversifying their supply bases.