An enhanced assessment of risks impacting the food and agriculture sector provides updated analysis on new risk dimensions impacting the food and agriculture sector and how companies can best manage these complex, inter-connected risks.
It presents perspectives founded on insight shared by 12 companies operating in the food and agriculture sector. The report builds on analysis from the 2020 publication to present further analysis from the application of an enhanced risk assessment technique – KPMG’s Dynamic Risk Assessment methodology – to the food and agriculture risk landscape.
The report outlines key clusters of risks associated with the food and agriculture sector, which enables companies to assess how the occurrence of one risk may change the likelihood of a connected risk being triggered. The report also highlights greater severity and speed of onset of risks when viewed as clusters. This enables food and agriculture companies to improve risk management practices by moving beyond traditional approaches that typically focus on impact and likelihood of individual risks.