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In January 2022, food prices were already higher than normal. Pandemic-driven supply chain and labor complications combined with intensifying climate hazards had negatively affected global food availability. Then Russia invaded Ukraine, which has drastically reduced grain exports from Europe’s breadbasket, compounding the situation. Among other devastating humanitarian consequences, Russia’s invasion of Ukraine has led to higher global food prices, escalating shipping costs, decreased agricultural output, and limited fertilizer availability, increasing the number of people facing acute food insecurity from 276 million to 323 million.
Further exacerbating the crisis is a global trade system built to deliver products on an ‘as needed’ basis. Food is moved just as previous stock runs out, which means if one or two deliveries are interrupted, there is no buffer for countries without long-term food stockpiles. This global food crisis highlights the impact converging risks will have on brittle global systems, and should have the same effect as a yellow card in soccer—warning the global community that care should be taken to prevent further harm.(more…)