Food prices rise worldwide as economies struggle
In 2022, restaurants and markets may find it difficult to meet consumer demand in food prices due to a variety of factors, including the disruption of the global supply chain, soaring energy prices, and other underlying issues. As a result, prices could skyrocket. Markets blame disruptions on global supply chains, weather conditions, rising energy costs, and increased demand for food. Companies fear the combination of these factors are due to the rising price of food.
With the last quarter in the US reporting 140 percent increase in profits from price hikes alone.