The conflict in Ukraine poses a looming danger to the global meals provide. Right here’s what’s at stake—and what may well be finished to assist.
The pandemic. Provide chain lines. Climatic occasions. Converging disruptions have despatched meals costs hovering—and Russia’s invasion of Ukraine, probably the most global’s six breadbasket areas, dangers tilting the meals gadget into world disaster. On this episode of The McKinsey Podcast, Daniel Aminetzah, chief of McKinsey’s Chemical compounds and Agriculture Practices, and spouse Nicolas Denis communicate with world editorial director Lucia Rahilly in regards to the important roles that Ukraine and Russia play within the world meals gadget, in addition to what’s in peril because the conflict continues. This dialog used to be recorded on April 4, 2022. The next transcript has been edited for readability.
The worldwide meals provide in peril
Lucia Rahilly: Let’s get started with some context. Get admission to to meals is obviously of pressing fear for the hundreds of thousands of Ukrainians within the throes of this tragic invasion, so I first wish to recognize that important frontline precedence. However the conflict in Ukraine additionally threatens to disrupt the meals gadget globally, well past the war zone. Daniel, assist us perceive what that implies.