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Report
Use of weight loss drugs impacting food supply chains, clothes sales
ABC NEWS (Australia)
Follow
12/5/2024
New weight loss drugs are not only changing the way people shed kilos they are also starting to have an effect on the economy. The medical breakthrough is beginning a sizeable shift in the way entire industries are doing business.
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00:00
Just five months ago, Sandra Sen was struggling to keep up with her kids, but now every step
00:10
feels like a small victory.
00:12
For me it's been a complete 180, I'm playing with the kids all the time.
00:16
It's all thanks to the drug Wagovi, one of a growing number of GLP-1 medications designed
00:21
specifically for weight loss.
00:23
The popular brand Ozempic was originally developed for diabetes, but its off-label use as an
00:29
appetite suppressant has led to a flood of replicas hitting the weight loss market.
00:34
Now let's say 20% of Australians end up taking these drugs, total calorie consumption in
00:41
Australia will fall about 6%.
00:44
Health economist Adam Spielman says the food industry will be unevenly impacted, with fruit
00:49
and vegetable growers likely to benefit.
00:51
If you're somebody like McDonald's or Burger King, it's a very different story.
00:56
But it's been good news for this 3D body scanner, which monitors fat and muscle levels in the
01:02
body.
01:03
There has been a massive uplift with our business, I still believe they're a miracle drug.
01:07
Because weight loss medications are not listed on the pharmaceutical benefits scheme, it's
01:11
hard to determine how many Australians are using them, but country-wide shortages point
01:16
to fast-growing demand.
01:18
Slightly more than 30% of Australian adults were classed as obese in 2022, and while these
01:25
drugs are a powerful tool to counter that, they're not cheap.
01:29
With a month's supply of Wigovi costing $460, and for now, they have to be taken for life.
01:36
For Sandra though, the drugs are actually helping her make more money.
01:40
I make quicker decisions in my business, so we're able to have quicker turnarounds, bigger
01:44
growth.
01:45
Shedding kilos today could tip the scales of the economy tomorrow.
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