Soaring logistics costs set to push food prices up before Christmas, industry leaders warn

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A survey of supply chain leaders for CIPS’ Q3 Global Pulse survey found that 22.9% expected food prices to climb by 10% or more by the end of the year

Higher freight and logistics costs driven by ongoing instability along key global trade routes could push global food and drink prices up by at least 10% by Christmas, new research by the Chartered Institute of Procurement & Supply has warned.

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