We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » Report: Food industry seeks to mitigate supply risks

Report: Food industry seeks to mitigate supply risks

Industry execs say supply chain bottlenecks are top of mind in 2022, and list shipping and container costs, unexpected port fees as top concerns, study finds.

Screen Shot 2022-03-21 at 12.43.15 PM.png
March 21, 2022
DC Velocity Staff
No Comments

Leaders in the food and beverage industry are stepping up their efforts to mitigate supply chain risks following two years of delays and disruptions to business operations, according to a report from New York-based advisory firm Mazars.

Supply chain issues rose to the top of industry leaders’ concerns in the firm’s Annual Food & Beverage Industry Outlook for the United States, with 54% of survey respondents saying their top industry concerns in 2022 are shipping costs, container costs, and/or other unexpected fees at ports. Other concerns include rising commodity costs (39%), the need for supply chain improvements (39%), delays due to shipping congestion (38%), and truck/driver availability (33%).

To combat the unpredictability and better manage risks and costs, 41% of respondents said they are making strategic investments in supply chain diversification, and 45% reported plans to increase their number of suppliers this year. Survey respondents also said they plan to source more domestically and seek alternative products (30%, respectively) to address supply chain snags and bottlenecks.

When asked how they will prioritize supply chain improvements, respondents said they will focus on cost of goods (22%), followed by product delivery time (18%), knowledge and information sharing (16%), and food safety (14%).

“The food and beverage industry continues to show resilience in the face of many obstacles,” according to Kristen Walters, Mazars Food & Beverage practice leader. “Business leaders are overcoming supply chain issues and inflation woes by making innovative decisions that are resulting in new products and purchasing channels for consumers.”

Mazars polled 60 food and beverage industry executives for the annual report.

Screen Shot 2022-03-21 at 12.42.57 PM.png/

Consulting & Professional Services Supply Chain Strategy
KEYWORDS Mazars
  • Related Articles

    Sourcing internationally: Six risks, and how to mitigate them

    Everstream Analytics Annual Risk Report Reveals the Top 5 Supply Chain Risks for 2022

    Elemica Partners with DHL Resilience360 to Better Mitigate Supply Chain Risk

Recent Articles by DC Velocity Staff

E-commerce delivery startup ShipX acquires east coast trucking fleet

Research finds more women in supply chain leadership roles

Motive will develop more fleet management tech following $150 million round

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Now's the time to be a logistics professional

  • Autonomous trucking firms launch partnerships with freight transportation providers

  • Demand for piece-picking robots gains steam

  • Report: Delivery expectations intensify

  • Empty shipping containers stack up at U.S. port depots

Now Playing on DCV-TV

4fbb31a9 f7bf 4e1f b64f f0a3e195ef0f

Cubework alleviates e-commerce logistics challenges w/ flexible warehouse options

DCV-TV 4: Viewer Contributed
E-commerce firms, small and medium enterprises (SME), and e-tailers of all sizes have been hit hard by pandemic-driven supply chain and logistics issues. Online shopping demand is at an all-time high, and never before have last-mile logistics and warehousing been more important. But actually securing affordable and...

FEATURED WHITE PAPERS

  • Guide to Proven Warehouse Solutions

  • Five common misconceptions about running a private fleet

  • Optimize AS/RS With Advanced Warehouse Execution Software

  • The Value of Genuine Parts and Service

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing