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3 May 2022

The rising risk of a global food crisis

Daniel Aminetzah and Nicolas Denis

The pandemic. Supply chain strains. Climatic events. Converging disruptions have sent food prices soaring—and Russia’s invasion of Ukraine, one of the world’s six breadbasket regions, risks tilting the food system into global crisis. In this episode of The McKinsey Podcast, Daniel Aminetzah, leader of McKinsey’s Chemicals and Agriculture Practices, and partner Nicolas Denis talk with global editorial director Lucia Rahilly about the vital roles that Ukraine and Russia play in the global food system, as well as what is at risk as the war continues. This conversation was recorded on April 4, 2022. The following transcript has been edited for clarity.

Lucia Rahilly: Let’s start with some context. Access to food is clearly of urgent concern for the millions of Ukrainians in the throes of this tragic invasion, so I first want to acknowledge that vital frontline priority. But the war in Ukraine also threatens to disrupt the food system globally, well beyond the conflict zone. Daniel, help us understand what that means.

Daniel Aminetzah: As you rightly recognized, our attention is primarily on the immediate conflict in Ukraine, including the food crisis. As we look at the broader global food supply chain, we clearly see this conflict shaking important pillars of this system in an already disturbed context.

The rising risk of a global food crisisApril 19, 2022 | Podcast




The rising risk of a global food crisis





The war in Ukraine poses a looming threat to the worldwide food supply. Here’s what’s at stake—and what might be done to help.

DOWNLOADS

The pandemic. Supply chain strains. Climatic events. Converging disruptions have sent food prices soaring—and Russia’s invasion of Ukraine, one of the world’s six breadbasket regions, risks tilting the food system into global crisis. In this episode of The McKinsey Podcast, Daniel Aminetzah, leader of McKinsey’s Chemicals and Agriculture Practices, and partner Nicolas Denis talk with global editorial director Lucia Rahilly about the vital roles that Ukraine and Russia play in the global food system, as well as what is at risk as the war continues. This conversation was recorded on April 4, 2022. The following transcript has been edited for clarity.

The McKinsey Podcast is cohosted by Roberta Fusaro and Lucia Rahilly.

The global food supply at risk


The rising risk of a global food crisisApril 19, 2022 | Podcast




The rising risk of a global food crisis





The war in Ukraine poses a looming threat to the worldwide food supply. Here’s what’s at stake—and what might be done to help.

DOWNLOADS

The pandemic. Supply chain strains. Climatic events. Converging disruptions have sent food prices soaring—and Russia’s invasion of Ukraine, one of the world’s six breadbasket regions, risks tilting the food system into global crisis. In this episode of The McKinsey Podcast, Daniel Aminetzah, leader of McKinsey’s Chemicals and Agriculture Practices, and partner Nicolas Denis talk with global editorial director Lucia Rahilly about the vital roles that Ukraine and Russia play in the global food system, as well as what is at risk as the war continues. This conversation was recorded on April 4, 2022. The following transcript has been edited for clarity.

The McKinsey Podcast is cohosted by Roberta Fusaro and Lucia Rahilly.

The global food supply at risk


Lucia Rahilly: Let’s start with some context. Access to food is clearly of urgent concern for the millions of Ukrainians in the throes of this tragic invasion, so I first want to acknowledge that vital frontline priority. But the war in Ukraine also threatens to disrupt the food system globally, well beyond the conflict zone. Daniel, help us understand what that means.

Daniel Aminetzah: As you rightly recognized, our attention is primarily on the immediate conflict in Ukraine, including the food crisis. As we look at the broader global food supply chain, we clearly see this conflict shaking important pillars of this system in an already disturbed context.Lucia Rahilly: Let’s start with some context. Access to food is clearly of urgent concern for the millions of Ukrainians in the throes of this tragic invasion, so I first want to acknowledge that vital frontline priority. But the war in Ukraine also threatens to disrupt the food system globally, well beyond the conflict zone. Daniel, help us understand what that means.

Daniel Aminetzah: As you rightly recognized, our attention is primarily on the immediate conflict in Ukraine, including the food crisis. As we look at the broader global food supply chain, we clearly see this conflict shaking important pillars of this system in an already disturbed context.

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