COVID-19 has prompted panic-buying. The behaviour has led to a deep analysis of global food supply chains in a bid to reduce food waste & protect the vulnerable.
The virus poses several threats to the food supply, namely border closures, panic buying, labour shortage & price increases.
Adapting the supply chain
During extreme events such as this pandemic, strategic reserves are vital to guarantee availability of food & maintain price stability, protecting the vulnerable, & ensuring market stability.
Farrelly Mitchell continue to monitor the response to the virus and impact on supply chains.
Solutions for retailers include end-to-end supply chain visibility for effective planning for demand spikes, while transparency is key for governments in reassuring the public.
Food supply chains consulting
As is evident from the Covid-19 pandemic, any number of unforeseen disasters can cause widespread disruption to food production and food security. To mitigate the risks posed by such disasters, the agrifood industry must work toward building more resilient, sustainable, and reliable food systems.
At Farrelly Mitchell, our food systems specialists deliver strategic solutions aimed at enhancing food security, increasing food production, and reducing food loss & waste. Through our risk analysis & management services, we can identify potential disruptions and implement strategies to proactively address them and future-proof your business operations. To learn more, contact Farrelly Mitchell today.
