Many underlying health conditions (such as diabetes, asthma, and cardiovascular disease) are comorbidities of obesity, which has been connected to more severe symptoms of COVID-19 during the pandemic. This highlights the continued responsibility of retailers and food manufacturers in ensuring healthy and nutritious food is available, affordable, and accessible to all.
Furthermore, we expect governments to take the public health crisis of obesity much more seriously in the coming years. More than forty countries already have some form of sugar tax, and as governments explore how they can make their populations more resilient to future pandemics, we believe that it is highly likely that additional food-related regulation will be used as a mechanism to achieve this.
Rebecca White, responsible investment analyst, Newton Investment Management.
Doc ID: 1069001