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Cargill CEO Says Global Food Prices to Stay High on Labor Crunch

  • Energy crisis and tight freight markets are adding to costs
  • Food versus fuel fight to become more intense, MacLennan says
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WATCH: Bloomberg NEF debate on how to feed the world.Source: Bloomberg
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Food prices will likely stay elevated in 2022 as disruptions to the global supply chain are set to persist, according to the head of Cargill Inc., who highlighted labor shortages as one of the biggest risks facing the industry.

Whether it’s meat processors, truckers, warehouse operators or port staff, the global food system is seeing more competition for workers.