Food, Agribusiness and Beverage

Industry Overview

Food, Agribusiness and Beverage

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The Race is On to Address Rising Risks and Capture New Opportunities

From rising prices to climate change to shifting geopolitics and consumer habits, organisations in the food, agribusiness and beverage sector operate in an increasingly complex and challenging world.

Simply put, maintaining food security for a growing global population is getting harder, meaning businesses must set new standards in agility and innovation to capitalise on opportunities in a turbulent era of volatility.

Rapidly re-evaluating operations and strategies around established and clearly-defined risks — as well as evolving and emerging risks — will enable the industry to sustain the lives of people across the world.

Businesses also have an opportunity to protect access to human and financial capital with better, long-term thinking and decisions around environmental and social factors. Ethical collaboration, seeking diverse ideas to drive innovation, while increasing workforce and cyber resilience will strengthen businesses to grow — making sustainable change across the industry possible.

Top 5 Current Risks

According to our latest Global Risk Management Survey, the biggest risks facing the Food, Agribusiness and Beverage industry include:

  • 01

    Commodity Price Risk or Scarcity of Materials

    The global commodity market continues to suffer from unpredictable price changes and shortages, often due to geopolitical volatility or extreme weather events.

  • 02

    Supply Chain or Distribution Failure

    Supply chain risk is broadening and becoming more complex, extending well beyond keeping shipping vessels moving or suppliers’ manufacturing facilities intact.

  • 03

    Business Interruption

    Previously, companies planned for isolated events, resulting from damage to property. But the risk landscape is now more interconnected than ever before, with a wider range of issues that can cause a shutdown.

  • 04

    Cyber Attack or Data Breach

    Cyber attacks are, and will remain, a top risk across all geographies and industry sectors. Leaders in the Food & Drink industry need a game plan for a diverse range of cyber threats.

  • 05

    Climate Change

    Climate change and the move towards more sustainable production methods  brings a multitude of challenges to organisations, ranging from expanded ESG expectations to reputational risks to weather-related disruption.

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Pay Transparency and Pay Equity in the Food & Drink Industry

With growing global regulations and rising stakeholder and talent expectations, pay equity has shifted from a mere HR initiative to a top C-suite priority that goes beyond compliance.

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Better Decisions on Risk Capital and Human Capital for FAB Organizations

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Mitigating Volatility and Maximising Profits: A Guide to Risk Capital in the Food, Agribusiness and Beverage Industry

In an industry with tight operating margins, FAB organisations face significant challenges in managing spend and protecting their financial health — requiring industry leaders to adopt a sophisticated approach to risk capital optimisation.

 

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