The Impact of the Ukraine-Russia War on Food Security and Countries Exposed to Food Supply Shock

Ukraine and Russia together are called the “Breadbasket of Europe” and are the important producers of agricultural commodities. Russia’s invasion on Ukraine has affected the food supply chains and forced manufactures to reshape their supply chain strategies as consumer behavior not only in the specific region but also far away from the conflict zone has changed dramatically. This war has direct and indirect economic exposures globally, disruption of global supply chains, global growth prospects, pressure on exchange rates, spikes in food and fuel prices worldwide, security challenges and macroeconomic instability.