ABSTRACT
This chapter covers a variety of practices that food industry companies can—and do—use to manage their risk. Food industry companies face an array of different risks. The prices of inputs can rise. The prices of their products can fall. Production equipment can break down. Deliveries can be delayed by transportation bottlenecks or road closures. Ingredients could become unavailable owing to market shortages caused by either weather conditions in growing regions or imbalances between supply and demand.
