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Raw materials such as No. 2 yellow corn...

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  • Apr 19, 2021

Raw materials such as No. 2 yellow corn or BSCB (boneless, skinless chicken breasts) are now handled like any other commodity : produced wherever costs are lowest, shipped to wherever demand is highest, and managed via the same contracts, futures, and other instruments used for timber, or tin, or iron ore. Food-processing companies employ the same technologies and business models of other high-volume manufacturers. The continuous advances in technology and the ever larger scales of production that drive down costs in cars and home electronics are now also standard in the food business, as is the relentless product innovation one finds in clothing and cosmetics.… To an important degree, the success of the modern food sector has been its ability to make food behave like any other consumer product.