Friday, November 15, 2024

Supply Lines: The diet dilemma

Poor diets are an entrenched health challenge facing the world, driving some $8 trillion in hidden costs each year.That's according to a rep

Poor diets are an entrenched health challenge facing the world, driving some $8 trillion in hidden costs each year.

That's according to a report from the United Nations' Food and Agriculture Organization, which weighed the consequences of bad diets against the environmental and social costs of food production.

Among the 13 dietary risk factors was an insufficient intake of fruit, vegetables and whole grains, as well as excessive consumption of sodium and red and processed meats. 

Unhealthy diets contribute to diabetes, strokes and a string of other non-communicable diseases. Obesity rates are surging, a trend especially worrying in developing markets that are still battling undernutrition Trillion Nutrition Fight">undernutrition. The Covid pandemic, food inflation and debt crises have further restricted access to nutritious food in recent years.

But the problem is made worse by the world's largest food and drink companies marketing so much unhealthy fare. Some two-thirds of products sold by 30 of the top firms don't meet "healthiness" criteria, according to the Access to Nutrition Initiative.

The nonprofit analyzed more than 50,000 products and found that, while there was an improvement since 2021, only 34% of sales were classified as "healthier."

Just 11 out of 30 companies set age thresholds for product marketing. Only nine had some form of an affordable-nutrition strategy. Overall, the share of "less healthy" products marketed by the industry was higher in lower and middle-income0 Billion Opening Is India's Next Health Crisis">middle-income countries. 

Food manufacturers must find ways to balance their business interests with public health at a time when governments — and, increasingly, consumers — want meals to be more nutritious and more sustainable, ATNi said last week. 

"The choice is clear: if these companies want to remain relevant in 2035, 2040, they have to figure this out," Executive Director Greg S. Garrett said in an interview. "Some of these companies are going to be challenged, especially if the majority of their foods are unhealthy. It's not easy, and that's why you need policy."

More food for thought

Read Dasha Afanasieva's profile of the new chief executive officer of Nestle, the world's biggest food company. Laurent Freixe, 62, will have to lean on his near four decades of experience to raise morale and revive the business.

Agnieszka de Sousa in London

Charted Territory

Rural bust | A boom in Brazil's agriculture sector has sparked a rush of investments, with the $7 billion market for agribusiness funds luring people from all walks of life in the past three years. But with bumper crops across the globe sending prices plunging and Brazilian farmers filing for bankruptcy at alarming rates, the retail investor is paying the price. Authorities are struggling to balance keeping credit accessible to farmers with protecting investments, as judges start shielding farmland from seizure (Read full story here).

Today's Must Reads

On the Bloomberg Terminal

  • More UK farms are likely to be offered for sale in the coming months after the new Labour government said it would extend inheritance tax on agricultural properties, BloombergNEF argues. 
  • As La Niña conditions take shape, less rain for US farms could restrain yields, which rose strongly this year for corn, soybeans and other row crops, according to Bloomberg Intelligence
  • Run SPLC after an equity ticker on Bloomberg to show critical data about a company's suppliers, customers and peers.
  • Use the AHOY function to track global commodities trade flows.
  • See DSET CHOKE for a dataset to monitor shipping chokepoints. 
  • For freight dashboards, see {BI RAIL}, {BI TRCK} and {BI SHIP} and {BI 3PLS}
  • Click HERE for automated stories about supply chains.
  • On the Bloomberg Terminal, type NH FWV for FreightWaves content.
  • See BNEF for BloombergNEF's analysis of clean energy, advanced transport, digital industry, innovative materials, and commodities.

Like Supply Lines?

Don't keep it to yourself. Colleagues and friends can sign up here. We also publish the Economics Daily, a briefing on the latest in global economics.

For even more: Follow @economics on Twitter and subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters.

How are we doing? We want to hear what you think about this newsletter. Let our trade tsar know.

No comments:

Post a Comment

Money Stuff: The Podcast: Generous Portion

This week's episode of the Money Stuff podcast is out now, in which Katie and I discuss merger arbitrage, reasonable best effort...