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Commodity Price Risk / Scarcity of MaterialsThe global commodity market continues to suffer from wild mood swings following the pandemic.
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 Future Risks
Looking ahead to 2024, predicted risks for the food, agribusiness and beverage industry include:
Report
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