The food industry is facing a potential price crisis as the Iran War enters its third month. With the Strait of Hormuz remaining closed, the resulting disruptions are already driving up the cost of food globally.
According to a report from FoodNavigator Europe, the FAO has warned that a severe food price crisis could emerge within the next six to 12 months if the current situation is not resolved. The industry is now looking for ways to prepare for and mitigate the impact of these rising costs.
