Food waste is a problem, yes. Animal protein is not a problem. There is plenty of land in the US only suitable for grazing. Much better than that synthetic soup of Impossible Meat.
Food system has largely run on the JIT systems for decades that crunched the chip industry. We haven't had a serious shock I'd argue and I don't think this is one either. People recognize the JIT-ness and fragility of the system though and are (slowly) trying to backstop it. Will take a combination of distributed controlled environments for high value fruits and vegetables, _proper_ land use (high value crop land for crops; high value grazing land for grazing). This, currently, is dictated by the incentive structures in place with subsidies--which can be changed in theory.