Load shedding and threatening weather for winter crops may spell bad news for the food value chain.
South Africa’s food supply chain is under immense pressure largely due to load shedding, says financial services firm PwC.
Farmers are not the only ones feeling the pain of load shedding; retailers at the other end of the value chain are spending billions on diesel generators to keep fridges cool. retailers are not able to consistently source food supplies to supply communities at affordable prices“Not surprisingly, food and non-alcoholic beverage inflation surged to a 14-year high in March 2023. During the month, the Stats SA food basket was 14.0% y-o-y more expensive.”
PwC said that the outlook for winter is that crops are under pressure from El Niño, a phenomenon of rising air temperatures above the Pacific that affects weather patterns across the globe and contributes to higher temperatures in Southern Africa, as well as disruptions to irrigation.
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