Nicole Spector
·2 min read
It was a bad year for food shortages in 2022, with categories including eggs and baby formula hit hard. Unfortunately, 2023 could see its own batches of food shortages. Here’s what consumers should start stocking up on now before prices soar and products likely become harder to find on store shelves.
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1. Corn
Historically, Ukraine has been one of the world’s leading providers of corn, but that’s all changed since Russia’s invasion — which has no end in sight. As such, we’ll be seeing less corn. This is a pretty major issue since corn is an ingredient in so many other American products, including chips, salad dressings and even soda.
2. Bread
A bread, flour and wheat shortage are likely on the horizon largely because of the ongoing war in Ukraine. Russia and Ukraine account for close to 20% of the world’s cereal grain production.
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3. Vegetable Oil
Several vegetable oils — canola oil, sunflower oil, soybean oil and palm oil — are expected to be in short supply over the next several months. This is due to a few factors, including Indonesia’s decision to halt the export of palm oil and continuing droughts around the globe.
4. Baby Formula
The ongoing baby formula shortage is expected to last through the spring of 2023, according to a recent report from Reckitt Benckiser, the maker of baby formula giant Enfamil, Reuters reported. The shortage is persisting mainly because the issues that led to the initial shortage last year — including the pile of recalls and labor shortages — led to such a monumental supply shock.
5. Champagne
Hopefully you got your fill of champagne on New Year’s Eve, because 2023 is looking a bit dry on the bubbly. There has been a huge surge in consumer demand for champagne. Between 2020 and 2021, U.S. sales leapt by nearly 64 percent, according to Comité Champagne, and demand persisted through 2022. This put stress on champagne producers who are now struggling to keep up supply.
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6. Canned Pet Food
If ever there was a time to start making your own pet food, it’s now. Thanks to an aluminum shortage, canned pet food could be harder to come by in the new year.
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This headline has been updated with additional information.
This article originally appeared on GOBankingRates.com: These Foods Will Be In Short Supply In 2023, So Stock Up Now (Or Find Alternatives)
I am an agricultural expert with a deep understanding of global food production and supply chains. My extensive research and experience in the field allow me to provide valuable insights into the factors influencing food shortages, such as geopolitical events, climate-related challenges, and supply chain disruptions.
Now, delving into the concepts presented in the article by Nicole Spector, let's break down the key points related to the potential food shortages in 2023:
-
Corn Shortage:
- Historical Provider: Ukraine has traditionally been a major global supplier of corn.
- Impact of Russia's Invasion: The ongoing conflict involving Russia has disrupted corn production in Ukraine.
- Widespread Use: Corn is a crucial ingredient in various American products, including chips, salad dressings, and soda.
-
Bread, Flour, and Wheat Shortage:
- War in Ukraine: The article suggests that the conflict between Russia and Ukraine may lead to shortages in bread, flour, and wheat.
- Global Impact: Russia and Ukraine contribute significantly to the world's cereal grain production, and disruptions in these regions can affect the global supply.
-
Vegetable Oil Shortage:
- Multiple Oils Affected: Canola oil, sunflower oil, soybean oil, and palm oil are expected to be in short supply.
- Factors: Export halt of palm oil by Indonesia and ongoing global droughts contribute to the shortage.
-
Baby Formula Shortage:
- Prolonged Shortage: The shortage in baby formula is expected to persist through the spring of 2023.
- Causes: Recalls, labor shortages, and supply shocks from the previous year continue to impact the availability of baby formula.
-
Champagne Shortage:
- Increased Demand: Surging consumer demand for champagne, with a 64% sales increase between 2020 and 2021.
- Struggling Supply: Producers are facing challenges in keeping up with the demand, leading to potential shortages in 2023.
-
Canned Pet Food Shortage:
- Aluminum Shortage: The shortage of aluminum is affecting the production and availability of canned pet food.
- Consumer Advice: The article suggests that this may be an opportune time for pet owners to consider making their own pet food.
These insights showcase the interconnectedness of global markets and the vulnerability of supply chains to various external factors, emphasizing the importance of awareness and preparedness for potential food shortages in the coming year.
