It is one of the most important sectors of the global economy
It encompasses both agricultural and livestock production, as well as the food industry that processes these products to make them suitable for human consumption.
This sector is made up of several stages
- Primary production: Includes agriculture, livestock, fishing, and forestry, which are the foundations for obtaining raw food materials.
- Food industry: Refers to factories and companies that process, transform, and preserve agricultural and livestock products to produce processed foods. This includes the production of packaged goods, preserves, dairy products, bakery items, among others.
- Distribution and marketing: This stage covers from wholesalers and distributors who transport food products to the points of sale, such as supermarkets, grocery stores, and markets.
- Retail: These are the stores that sell products directly to consumers, such as supermarkets, specialty stores, and online sales.
The food sector is highly competitive and subject to changes in consumer demand, health regulations, technological advancements, and global trends such as increased awareness of health, sustainability, and organic foods
- Additionally, it has a significant impact on employment, international trade, and environmental sustainability.
Although it falls within the primary sector, it is essential to receive advice and underwrite insurance policies with coverages specific to the industry, such as Tampering: intentional or malicious alteration of food products
This may include contamination, sabotage, tampering, or deliberate modification of the product, whether for criminal, terrorist, or extortion purposes, as well as product recall, which is important in the distribution industry but even more critical in the agri-food sector.
At JHASA, we help mitigate the specific risks of the sector by developing unique solutions that reduce and control those risks.
Our commitment to the food industry
Contact us today and discover how we can help you manage risks in the food and beverage sector.
