Like most industries, the food supply chain today is complex, regularly disrupted, often opaque and increasingly regulated. Coupled with the megatrends of rapid urbanisation, resource scarcity and the breathtaking pace of technology proliferation, supply chains continue to rapidly evolve and transform.
The more complex it gets, the less predictable the likelihood and the impact of disruption. In other words, the exposure to risk is potentially higher. Yet in the face of these challenges, the majority of food companies do not regularly assess the resilience of their supply chains.
Conducted in conjunction with MIT, our recent research revealed that more than 60% of the companies surveyed said that their performance indicators had dropped by 3% or more as a result of supply chain disruption.
Leading food companies recognise that a resilient supply chain is a competitive advantage; by allowing them to cohesively react to adverse events faster than their competition to take market share and outperform. A resilient supply chain also reduces customer perception of assumed risks and moves companies from simple risk management to risk resilient growth.
If your business suffered a significant disruption today, how confident are you in the resilience of your food supply chain operations? Considering the following questions will help you start to understand where to focus your attention.
 PwC and the MIT Forum for Supply Chain Innovation, Making the right risk decisions to strengthen operations performance, 2013.
Partner, Southeast Asia Food Trust Leader, PwC Singapore
Tel: +65 9756 2123