Strait of Hormuz crisis threatens global food systems, economists warn
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Summary
The article warns that the world is entering an era of interconnected shocks, with the latest being the Strait of Hormuz crisis disrupting global agrifood systems. Drawing on the Chief Economists' Outlook, it highlights how geopolitical instability in the region threatens food production by disrupting energy, fertilizer, and food supply chains. The piece argues that as systemic crises become the norm, countries must shift from reactive responses to building long-term resilience in global food systems.
Key quotes
· 3 pulledThe world is entering an age of shocks, where crises are no longer isolated events but interconnected disruptions with global consequences.
What began as a regional geopolitical crisis is turning into a systemic shock to global agrifood systems.
As shocks become the norm, countries must build resilience rather than respond to each crisis in isolation.
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