Investors Urge Food Firms to Boost Plant Proteins
A group of investors managing $11.5 trillion in assets is calling on major food companies and retailers to diversify into more plant-based protein sources.
This move aims to enhance supply chain resiliency and mitigate food security risks, as reported by Reuters. The investors warn of risks in animal supply chains due to factors such as higher feed costs and unpredictable bird flu outbreaks.
- Global interest rates and prolonged higher temperatures are lifting feed costs.
- Prices for products like eggs are susceptible to unpredictable bird flu outbreaks.
The investors are calling on manufacturers and retailers to seize the "growth and health" opportunities alternative protein sources present.
A report by the Farm Animal Investment Risk and Return Initiative (FAIRR) investor network, set for publication, highlights the need for food companies to diversify their protein sources to avoid investor divestment.
Author's summary: Investors urge food firms to adopt plant-based proteins.
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