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Five ways COVID-19 is impacting the food industry

The COVID-19 pandemic is a significant human tragedy with over 2.5 million lives lost so far. In addition, and very much secondary to that immense loss, the economic costs continue to mount. The IMF estimates that global GDP contracted by – 3.5% (-4.9% in advanced economies) in 2020. Last January 2020 global GDP was forecast […]

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Is Covid-19 accelerating ESG investment in food and agribusiness?

The impact of Covid-19 is feeding a growing momentum towards the building of more resilient food supply chains, and specifically more sustainability in how the system works. With a drive towards ethical investment, fund managers and venture funds are mindful of ESG in how they invest their money. Evidence of this is widespread. Take for […]

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Covid-19 presents chance to build a more resilient food supply chain

Global agri-food supply chains have so far been resilient in responding to the difficulties posed by the coronavirus, although certain logistical challenges persist. Improving the system at a local level seems an appropriate measure, but not at the expense of international trade. Research from the UN Food and Agriculture Organization (FAO) indicates that one out […]

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Ghana during COVID-19 – facing up to food supply chain problems

Ghana’s growing reputation as a west African powerhouse has been hard-won but the COVID-19 global pandemic is a big test of the country’s agribusiness and food supply resilience. Stephen Awuah, Senior Manager, Sub-Saharan Africa for Farrelly & Mitchell examines its response in this update on the coronavirus and highlight food supply chain problems in Ghana […]

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What is driving the latest commodity price surge?

Much of the world’s diet is made up of a handful of commodities and in the past year they have risen dramatically in price. In May, wheat, corn and soybeans were 59%, 112% and 79% respectively higher than the previous year’s price. The FAO Food Price Index had its 12th consecutive monthly increase in May […]

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The role of smarter food supply chains in curbing food waste

Food waste is a significant environmental problem. An Intergovernmental Panel on Climate Change (IPCC) report stated that during 2010-2016, food waste contributed 8-10% of total man-made greenhouse gas (GHG) emissions and the impacts also include lost incomes for producers and higher prices for consumers. Wasted food means wasted resources as scarce water, fertiliser and energy […]

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Five ways COVID:19 is improving our food supply chains

COVID:19 has brought food security to the fore in the policy agenda in many countries, but agrifood experts have been calling for reforms since long before the pandemic. Food supply disruptions and panic buying during the early stages of the pandemic in Spring 2020 served to increase attention on food supply chains and issues relating […]

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Why ESG will continue to influence food industry trends

Consumers have a major role in influencing the sustainability agenda within the food and agribusiness sector, arguably the most important. Through their purchasing patterns they have a major impact on which foods are being produced and how they are being produced. In recent years, consumer attitudes in developed countries towards sustainability has changed significantly. Sustainability and environmental concerns are […]

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