Your grocery bill might be higher the next time you shop. According to supply chain expert Oisin Hanrahan, CEO and founder of Keychain, rising fuel costs due to the Iran conflict are beginning to put pressure on food production and transportation.
Shoppers likely won’t see an immediate impact, however. Hanrahan said many retailers have current inventory that was shipped before the war began. But as supplies run out and shelves need to be restocked, the increased costs typically begin to appear on grocery store shelves roughly 60 to 90 days later. Many Americans are already living on tight budgets and even a modest price increase can cause a financial strain.
According to Hanrahan, these five foods are especially vulnerable to rising fuel and shipping costs.
