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LONDON/TOKYO - From beef bowls in Tokyo to fried chicken in London, consumers are beginning to feel the pinch from the surge in costs washing over the global economy.The rebound in economic activity as coronavirus restrictions are eased has exposed shortages across supply chains, with companies scrambling to find workers, ships and even fuel to power.
LONDON/TOKYO (Reuters) — From beef bowls in Tokyo to fried chicken in London, consumers are starting to feel the pinch from the surge in costs coursing through the global economy.
London – Britain’s 20-year binge on cheap food is coming to an end and food price inflation could hit double digits due to a tidal wave of soaring costs that are crashing through the supply chain, Britain’s biggest chicken producer said. As it emerges from the twin crises of Brexit and COVID, the world’s fifth largest economy is facing an acute shortage of truckers, butchers and warehouse workers that exacerbated …