Home Breadcrumb caret News Breadcrumb caret Risk Risk Management (September 01, 2009) COMMODITY PRICING IS FOOD SYSTEM’S GREATEST RISK: AON REPORT Commodity price risk ranked Number 1 on a list of greatest risks faced by the food system, agribusiness and beverage industry, according to the 2009 U. S. Food System, Agribusiness and Beverage Industry Report. Issued by Aon Corporation, the report is based on data from Aon’s […] August 31, 2009 | Last updated on October 1, 2024 1 min read COMMODITY PRICING IS FOOD SYSTEM’S GREATEST RISK: AON REPORT Commodity price risk ranked Number 1 on a list of greatest risks faced by the food system, agribusiness and beverage industry, according to the 2009 U. S. Food System, Agribusiness and Beverage Industry Report. Issued by Aon Corporation, the report is based on data from Aon’s Global Risk Insight Platform, 2009 Global Risk Management Survey, and other proprietary databases. Price volatility is a tremendous concern and a sizeable risk for both sellers and buyers in food system, agribusiness and beverage companies, the report found. These respondents also reported the lowest state of preparedness in regulatory and legislative changes (55%), cash flow and liquidity (57%) and economic slowdown (57%). These areas are typically more complex, difficult to control, carry a degree of unpredictability and are enterprise- wide, according to survey respondents. The top two risks with related losses in the past 12 months were commodity price (67%) and economic slowdown (43%), according to the report. Save Stroke 1 Print Group 8 Share LI logo
