The Future of Food Chains

CUSHMAN & WAKEFIELD

T H E G ROW I N G I S S U E O F FOOD S EC U R I T Y

THE UK RANKS 9TH GLOBALLY IN TERMS OF OVERALL SCORE, BUT HAS SCORED RELATIVELY LOW FOR AVAILABILITY, QUALITY AND SAFETY WHEN COMPARED TO OTHER ADVANCED WESTERN ECONOMIES. 9 TH

The Global Food Security Index is an international benchmark for food security, that looks at the global food environment and its position in safe-guarding food supply. The most recent edition, published during 2022 found that Food security has continued to deteriorate for a third consecutive year. The UK ranks 9 th globally in terms of overall score, but has scored relatively low for availability, quality and safety when compared to other advanced Western Economies.

The report states that those countries dependent on imports tend to be characterised by less choice and higher prices. This focus on domestic security suggests that growth and innovation within the domestic production markets is critical in maximising choice, health, and pricing, and will allow for gains in food security and consumer welfare. Furthermore, the inflationary environment, as well as climate events that have created food shortages, have put the issue of food security at the top of the public agenda.

In 2022 the Government Food Strategy report produced by DEFRA outlined the challenges in balancing availability, price, security, and health.

THE INDEX IS COMPRISED OF FOUR COMPONENT PARTS Real estate plays a critical role in facilitating food security

FOOD SECURITY ELEMENT

REAL ESTATE IMPACT

AFFORDABILITY

Facilitate operational efficiency through specification, configuration, and pricing.

AVAILABILITY

Facilitate supply chain agility, ensure inventory security

QUALITY AND SAFETY

Fit out and specification must be compliant with food handling regulations and reduce spoil risk

SUSTAINABILITY & ADAPTION

ESG compliant and net zero buildings critical in reduction of overall supply chain impact for food chains

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FUTURE OF FOOD CHAIN | F TURE OF FOOD CHAIN |