WTW Food and Drink Practice Research 2022
This report combines global survey findings and in-depth interviews with senior GB food and drink executives to reveal the practical ways businesses can respond to volatility, uncertainty and complexity.
45% of respondents said business adaptions was among their biggest opportunities
Approaching half (45%) of survey respondents said continuing with business adaptations made in response to the pandemic were among their biggest opportunities over the next two years. Meanwhile, despite ongoing headwinds, 70% of organisations surveyed were optimistic the sector will be more profitable over the next two years.
Maintaining Resilience and Growth in Volatility provides action points on the opportunities, as well as practical insight on maintaining resilience and the value creation stance that characterises the food and drink sector today.
We have identified five critical areas for food and drink organisations in maintaining their resilience and growth:
01
How can your business leverage wellbeing in the battle for labour and talent?
02
How food and drink manufacturers can innovate and pursue “brilliance” to create more resilient supply chains.
03
Against the many challenges presented by rapidly developing technology and cyber threats, what opportunities did respondents identify?
04
When your clients want transparency on your organisations’ environmental impact, what are the emerging perspectives to address climate risk and sustainability?
05
In the battle to counteract inflationary pressures, how can food and drink manufacturers optimise risk and insurance to help control this element of cost?
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