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Sep. 29, 2022 Source: C.O.nxt The rising costs of food in the U.S., and around the globe, bring reverberating impacts throughout the ag and food system. Food prices at grocery store shelves rose 9.4 percent between April 2021 and April 20221 . And that number becomes even more staggering when we look at pre-pandemic levels. The FAO Food Price Index increased by 55.2 percent between May 2020 and February 2022. The FAO Food Price Index is at its highest level since the series started in 1990. The driver for these increases is well noted over the past several months with compounding effects of rising input costs (fuel, feed, fertilizer on the farms), supply chain challenges, animal health issues, the Russian invasion of Ukraine and many other factors. So what can be done to balance the rising cost of food and achieve our goal to eliminate hunger? At C.O.nxt, we work with companies to help create and evolve their sustainability platforms. Many of our partners use the UN Sustainable Development Goals as a foundation, particularly centering on hunger, because the food and ag business can have a direct impact in this area. But in the face of inflating food costs, can these goals still be met? Here are a few ways individuals and companies can stay on the path toward reducing hunger, even in these unprecedented times. Form Purposeful partnerships Innovation of how food is produced Provide farmers support Eliminate food waste For more details on each and to read the entire report click here. About C.O.nxt Insights Our team of subject matter experts focuses on food and agriculture-farm field to processing to entrée on a plate. We can help you build a new brand, protect an old one or target customers to foster sales. Let's talk when the time is right to handle your next strategic marketing and communications challenge: Marcy Tessmann, marcy@co-nxt.com. Tweet |
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