Global food businesses will likely thrive in 2023 due to better risk management strategies


🍎 Global food businesses will likely thrive in 2023 due to better risk management strategies.

Input and product costs have increased after Russia’s war on Ukraine and strict Covid-19 policies, but the ongoing labor crisis has also played a role in the food industry’s new flexibility. Risk management strategies in the food industry are designed to identify and mitigate potential risks that could affect the safety, quality, and integrity of food products. These risks can include a variety of different factors, such as foodborne illnesses, contamination, spoilage, and supply chain disruptions.

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