The Great Battery Bake Off and the Shift Upstream

Securing battery raw materials and supply chains is the unsexy yet critical challenge for EV makers in the coming decades

Imagine for a moment that the world collectively agreed that eating a slice of toast every day was an essential part of a healthy lifestyle. Then imagine that in actioning that plan we discover that over 90% of the world’s bread industry — from growing the wheat, making yeast, making flour, manufacturing ovens to bake the bread, baking the bread and shipping it, was concentrated in China. Suddenly a single market could control the global price and supply of bread whilst also leaving a gaping hole of dough related skills elsewhere in the world.

One of two scenarios might unfold.

Supermarkets and restaurants outside of China spot the opportunity. To hedge their bets, they start securing supply at source, or partner with farmers to make their own local wheat farms. After much campaigning from new bread makers and suppliers, as well as from consumers who want a healthy lifestyle enabled by bread (we can dream), governments respond with funding and policies to support bakeries, farms, and associated skills development.