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RIS: It’s Not 1980: Retailers Are Following the Wrong Playbook


With the pandemic not yet in our rear-view mirrors, the worldwide community is being hit by another unfolding humanitarian disaster in Ukraine, which is further threatening the global economy and supply chain, including the supply of food itself. 

In the midst of widespread suffering, gas prices are soaring and food producers fear the impact war will have on food prices and food production. According to The Washington Post, “Russia’s invasion of Ukraine could push U.S. food prices even higher, as the region is one of the world’s largest producers of wheat and some vegetable oils.And the disruptions could drag on for months or even years, as crop production in the area could be halted and take a long time to restart.”

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