Since the start of the Covid-19 pandemic, the global economy has taken a beating in terms of supply chain disruptions and staffing shortages.
Interlaced with the problems of moving goods from one location to another, heat, drought, superstorms, wildfires, intense flooding, and unexpected cold snaps are wreaking havoc on food production world-wide. The end result is that grocery store shelves may be empty while food sits at farms or in warehouses unable to reach the markets. Food supply chain disruptions will continue to affect us all in 2022.
The combined supply chain disruptions and climate change impacts are hitting you straight in the pocket book when it comes to accessing affordable food.
Last year saw the price of food in Canada climb by 5% on average. The estimated cost of feeding a family of 4 (consisting of two adults and two children)
in 2021 was $13,800. This cost is expected to climb by 5 to 7% again in 2022. That will bring costs up by $966 to an estimated $14,766 to feed a family of four.
I don’t know about you, but finding an extra $1000 for food this year seems daunting. Because along with escalating food costs, come increases in transportation, health care, home insurance, home heating and cooling, and so on. . . . income doesn't seem to be keeping up.
So what can you do to help make ends meet?