Europe must build up reserves, from fertilizer to chips (hcss.nl)

• Iran war is the third major supply chain disruption in seven years.
• Brazilian sugar gets more expensive; butter chicken may vanish from Indian menus.
• Rob de Wijk advises Europe to build strategic reserves.

"In a column for Nieuwe Oogst, Rob de Wijk argues Europe needs to build strategic reserves amid increasing geopolitical shocks. The Iran war, COVID-19, and the Russia-Ukraine war have disrupted global supply chains three times in seven years. Rising prices for Brazilian sugar and Indian butter chicken, plus Venezuela's fertilizer exports, highlight vulnerabilities. Europe should learn and stockpile."