As Supply Chains Get Disrupted, Diesel Fuel Costs Rise, and Wheat-producing Countries Feel the Sting of Lost Grain Crops Due to War, Conflict, Heat, and Export Restrictions– “It’s Not That Hard to See “The S**t Hit the Fan”
As supply chains get disrupted, diesel fuel costs rise, and wheat-producing countries feel the sting of lost grain crops due to war, conflict, heat, and export restrictions– it’s not that hard to see the writing on the wall. Countries dependent on grain imports from Russia and Ukraine might be the first to feel the effects of food insecurity caused by shortages. However, there is some good news: the US is number four in the world in wheat production behind China, Russia, and India. So we shouldn’t be that worried, right? Well, not exactly. As a significant player in the world market, the bulk of that wheat gets shipped to other places worldwide. While North Americans probably won’t starve because of this shortage, they will likely see a very steep price increase and fewer baking goods or wheat-based foods in their grocery stores. Still, since wheat and bread are so fundamentally important to humans, this could cause panic. Additionally, it’s not just wheat that’s at stake here. M...