A recent report by the World Economic Forum concluded that the global food system no longer meets the health needs of the planet and offers rationale for the claim.
"The world’s food needs are changing. After the Second World War, the global food system was focused on providing cheap, high-calorie food to feed a growing population. But, today, conditions related to excess body weight kill more people in the Western world than hunger."
They estimate that the cost of poor nutrition is more than double the cost of of cost of food.
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