Worst of Iran war-related price hikes yet to hit, conference hears

The global food and beverage sector is entering a new phase of uncertainty as a result of rising costs, geopolitical disruption, changing diets and climate pressures. Industry participants at a major conference warned that the worst of Iran war-related price hikes have yet to materialize, despite recent easing of inflation. Underlying cost pressures remain intense across food production, supply chains, and distribution networks.