As consumers become more health, social, and environmentally conscious, food and beverage companies around the world are evolving their business models to meet these needs. Companies are increasing their adoption of technology and expanding supply chain structures to maintain market share, while facing challenges from severe weather events, increasing regulations, and cyberattacks.
The COVID-19 pandemic accentuated and exacerbated many of these risks as some supply chains failed or were severely curtailed. While these evolving trends carry significant risks, they also create new opportunities. Choosing cost-effective risk financing alternatives and implementing risk management practices that exceed industry standards is critical for many food and beverage businesses, especially while capital is tight as they emerge from the lowest points of the pandemic and seek to capitalize on new commercial possibilities.
BSEEbix helps food and beverage companies – from manufacturers and processors to distributors, wholesalers, and restaurants – anticipate the risks they face, understand their impacts, and implement comprehensive plans to mitigate them. Whether fine dining, grabbing a quick bite, or selecting quality ingredients to cook at home, Indian consumers have broad and varied tastes. Beyond quality and flavor, food and beverage companies must also keep pace with evolving health and environmental demands such as allergy-conscious menu options and socially-responsible manufacturing and distribution. Cultural sensitivity and inclusivity are also crucial to companies’ brand strategies and policies. Over the past year, civil unrest, severe weather events, and the COVID-19 pandemic further tested their supply chains and highlighted the need to embrace resilience in their enterprise risk management strategies.
BSEEbix's food and beverage specialists help companies identify, prioritize, and manage the various risks they encounter. From product contamination to employment practices liability, slips and falls to cybersecurity threats, we can help you implement strategies and solutions to protect your physical and people assets, and your customers, with a focus on sustainability and resilience.