The cost of food in the United States increased by 10.1% in May 2022, according to the U.S. Bureau of Labor Statistics. It is the first increase of 10% or more since March 1981. The key reasons for rising food prices are overall supply chain disruptions and high energy prices exacerbated by the ongoing Russia-Ukraine war.
As the shortage of food commodities is expected to persist, and demand continues to rise, the food distribution industry should keep growing. Moreover, technological advancements in food distribution should drive the industry’s long-term growth.
