How F&B Companies Can Mitigate Some of the Industry’s Biggest Risks

Already one of the largest sectors of the global economy, the food and beverage industry shows no signs of slowing down. In fact, according to the Business Research Company’s 2023 Food and Beverages Global Market Report, the global industry’s market size grew over 7.3 percent from $6,729.54 billion in 2022 to $7,221.73 billion in 2023 in one year alone. 

Given its expanding market share, it’s become increasingly critical for businesses to plan for and be aware of some of the industry’s greatest risks of disruption. With more potential challenges than ever to account for, leaders in the food and beverage space must approach challenges proactively to avoid adverse impacts to operations, reputation, and profitability. 

Below are effective ways that some of the most common industry risks can be mitigated. 

Implement a Thorough Quality Control ProcessIt’s absolutely necessary for companies to be rigorous about following strict quality control practices throughout the supply…