“The food and agriculture industry is one of the most important sectors in Australia and contributes significantly to the country’s economic growth. It has an international reputation for producing safe, high-quality products and is a strong exporter of products across various categories to global markets. However, the industry is exposed to a widening range of disruptive forces, from droughts and natural disasters to trade disputes and regulatory changes, as well as perennial risks such as product recalls, factory, and warehouse fires,” he said. “Many of the challenges food and beverage firms face today are of a different order from those they have overcome before. Our findings reveal that escalating external threats are heightening instability risks across companies, spanning from political, climate, climatic, cyber, and workforce domains.”
