Food, Agribusiness and Beverage

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:

  • 01

    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.

  • 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. But the risk landscape is now more interconnected than ever before.

  • 04

    Cyber Attack or Data Breach

    Cyber attacks are, and will remain, a top risk across all geographies and industry sectors. All leaders need a cyber game plan.

  • 05

    Climate Change

    Climate change brings a multitude of challenges to organizations, ranging from expanded ESG commitments to reputational risks to weather-related disruption.

Article

Climate Change Challenges for the Food, Agribusiness and Beverage Industry

Across the food, agribusiness and beverage industry, companies are examining sustainable solutions and environmentally friendly practices to ensure a resilient future.

Learn More

Aon's Better Being Podcast

Our Better Being podcast series, hosted by Aon Chief Wellbeing Officer Rachel Fellowes, explores wellbeing strategies and resilience. This season we cover human sustainability, kindness in the workplace, how to measure wellbeing, managing grief and more.

Cyber Labs

Stay in the loop on today's most pressing cyber security matters.

Cyber Resilience

Our Cyber Resilience collection gives you access to Aon’s latest insights on the evolving landscape of cyber threats and risk mitigation measures. Reach out to our experts to discuss how to make the right decisions to strengthen your organization’s cyber resilience.

Employee Wellbeing

Our Employee Wellbeing collection gives you access to the latest insights from Aon's human capital team. You can also reach out to the team at any time for assistance with your employee wellbeing needs.

Environmental, Social and Governance Insights

Explore Aon's latest environmental social and governance (ESG) insights.

Q4 2023 Global Insurance Market Insights

Our Global Insurance Market Insights highlight insurance market trends across pricing, capacity, underwriting, limits, deductibles and coverages.

Regional Results

How do the top risks on business leaders’ minds differ by region and how can these risks be mitigated? Explore the regional results to learn more.

Human Capital Analytics

Our Human Capital Analytics collection gives you access to the latest insights from Aon's human capital team. Contact us to learn how Aon’s analytics capabilities helps organizations make better workforce decisions.

Insights for HR

Explore our hand-picked insights for human resources professionals.

Workforce

Our Workforce Collection provides access to the latest insights from Aon’s Human Capital team on topics ranging from health and benefits, retirement and talent practices. You can reach out to our team at any time to learn how we can help address emerging workforce challenges.

Mergers and Acquisitions

Our Mergers and Acquisitions (M&A) collection gives you access to the latest insights from Aon's thought leaders to help dealmakers make better decisions. Explore our latest insights and reach out to the team at any time for assistance with transaction challenges and opportunities.

Navigating Volatility

How do businesses navigate their way through new forms of volatility and make decisions that protect and grow their organizations?

Parametric Insurance

Our Parametric Insurance Collection provides ways your organization can benefit from this simple, straightforward and fast-paying risk transfer solution. Reach out to learn how we can help you make better decisions to manage your catastrophe exposures and near-term volatility.

Property Risk Management

Our Property Risk Management collection gives you access to the latest insights from Aon's thought leaders to help organizations make better decisions. Explore our latest insights to learn how your organization can benefit from property risk management.

Technology

Our Technology Collection provides access to the latest insights from Aon's thought leaders on navigating the evolving risks and opportunities of technology. Reach out to the team to learn how we can help you use technology to make better decisions for the future.

Top 10 Global Risks

Trade, technology, weather and workforce stability are the central forces in today’s risk landscape.

Trade

Our Trade Collection gives you access to the latest insights from Aon's thought leaders on navigating the evolving risks and opportunities for international business. Reach out to our team to understand how to make better decisions around macro trends and why they matter to businesses.

Weather

With a changing climate, organizations in all sectors will need to protect their people and physical assets, reduce their carbon footprint, and invest in new solutions to thrive. Our Weather Collection provides you with critical insights to be prepared.

Workforce Resilience

Our Workforce Resilience collection gives you access to the latest insights from Aon's Human Capital team. You can reach out to the team at any time for questions about how we can assess gaps and help build a more resilience workforce.

More Insights

View All Insights
View All Insights
How Aon Can Help
View All Capabilities
Subscribe CTA Banner