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Commodity Price Risk or Scarcity of Materials
The global commodity market continues to suffer from wild mood swings, often due to geopolitical volatility or extreme weather events.
Industry Overview
Food, Agribusiness and Beverage
The Race is On to Address Rising Risks and Capture New Opportunities
From rising prices to climate change to shifting geopolitics and consumer habits, organizations in the food, agribusiness and beverage sector operate in an increasingly complex and challenging world.
Simply put, meeting food security needs for a growing global population is getting harder, meaning businesses must set new standards in agility and innovation to capitalize on opportunities in a turbulent era of volatility.
Rapidly re-evaluating operations and strategies around established and clearly-defined risks — as well as newer 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:
Report
Better Decisions on Risk Capital and Human Capital for FAB Organizations
From rising commodity prices and temperatures to shifting geopolitics and consumer habits, the Food, Agribusiness and Beverage (FAB) sector is at the front line of a series of interconnected trends that are continually challenging businesses.
More Insights
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Article 12 mins
Why Pay Equity Should Be Every Food, Agribusiness and Beverage Leader’s Priority
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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Article 8 mins
Mitigating Volatility and Maximizing Profits: A Guide to Risk Capital in the Food, Agribusiness and Beverage Industry
In an industry with tight operating margins, FAB organizations face significant challenges in managing spend and protecting their financial health — requiring industry leaders to adopt a sophisticated approach to risk capital optimization.
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Article 11 mins
Strengthening Human Capital Strategies to Attract Talent in the Food, Agribusiness and Beverage Industry
Learn how strong human capital strategies can help recruit, retain and motivate vital talent in a competitive and evolving job market.
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Article 7 mins
Connected Perspectives: Better Decisions on Interconnected Risks for FAB Organizations
As the scale and speed of interconnected risks escalate, innovative risk management strategies help FAB businesses build the resilience and agility needed to thrive.
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Article 3 mins
Better Decisions in Trade, Technology, Weather and Workforce
From global supply chain risks to climate insecurity, organizations face challenges and complexities on a scale rarely seen before.
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Article 3 mins
Risk Capital and Human Capital Perspectives
Risk Capital CEO Andy Marcell and Human Capital CEO Lambros Lambrou discuss how innovations in Risk Capital and Human Capital can help organizations boost resilience and navigate volatility.
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Article 13 mins
Creating Operational Resilience Amid Growing Risks in the Food, Agribusiness and Beverage Industry
To feed a growing global population, FAB organizations must build operational resilience to overcome supply chain, cyber, geopolitical and climate risks.
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Article 13 mins
Top Risks Facing Food, Agribusiness and Beverage Organizations
Food, agribusiness and beverage industry respondents to our Global Risk Management Survey (GRMS) ranked commodity price risk or scarcity of materials and supply chain or distribution failure as their two most critical risks.
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Article 7 mins
The Future of Food: Balancing Risk and Opportunity
Alternative proteins and farming methods may be the future of food, but stakeholders must be aware of the risks that come with these opportunities.
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Article 14 mins
Building a Resilient Workforce That Steers Organizational Success | An Outlook Across Industries
Protecting and sustaining businesses in food, agribusiness and beverage, financial institutions, life sciences and renewables require a resilient workforce. Organizations must consider the skills, capabilities, agility and wellbeing of their people to achieve a productive and healthy workforce.
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Article 6 mins
Protect and Grow: An Integrated Approach to Tackling Global Volatility
In today’s increasingly volatile global economy, business leaders are focusing on two key areas of decision-making: Risk Capital and Human Capital.
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Article 7 mins
COVID-19 has Permanently Changed the Way We Think About Wellbeing
Aon’s 2022–2023 Global Wellbeing Survey explores what employers around the world are doing to support the needs of today’s workforce.
