A closed shipping route can sound like a distant problem – until it starts showing up in the cost of Vegemite, peanut butter, milk, cheese, yoghurt, packaging, freight, fertiliser, and food on Australian shelves.
Pete Findlay runs Bega, the company behind some of Australia’s best-known products. He says the closure of the Strait of Hormuz is already driving costs higher right through the supply chain.
So, from his vantage point, what does the ongoing global energy crisis mean for food prices, for inflation after another RBA warning, and for how long businesses can keep holding the line before consumers feel the full impact?
It’s also a conversation about what Australians eat, how the food industry is changing, and why protein, wellness, GLP-1 drugs, and productivity are becoming central to the future of Australian agriculture and manufacturing.
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