Supply chain disruptions ranging from diseases to war are bombarding Asia’s animal protein industry. These are already displaying short-term and long-term impacts, the most obvious being rising production costs.
Feed and animal protein producers around the region are scrambling to address these challenges: asking the government for support and subsidies, turning to alternative ingredients, and boosting local production of raw materials are just some of their efforts.
In the meantime, production costs and, subsequently, retail prices are still rising, with worrying consequences including industry contractions and reduced consumption.
How the industry will fare this year is still up in the air, but saving graces include integration for better efficiencies and value-addition and automation to address volatilities.