78 per cent of food and beverage executives are preparing for a future global pandemic, with 30 per cent predicting another in the next four years and 50 per cent predicting another in the next decade, according to a new study by AIB International.
COVID-19 has made food and beverage companies learn quickly how to operate during a pandemic and has impacted the industry and its future preparedness.
"This research highlights the dramatic impacts felt by so many companies in the industry due to a lack of preparedness. Despite the understandable 'crisis fatigue' from grappling with COVID-19 over the past year, it's clear that now is time to prepare for the future and elevate critical planning to a best-in-class standard," says Steve Robert, global vice-president, product innovation, AIB International. "Should a future pandemic occur, improved preparedness will help offset some of the costs and disruption that so many operations have realized over the past year."
The survey including 325 senior-level executives from food and beverage companies, retailers, distributors and supply chain partners in North America.
A webinar review of the findings is available here on May 12, 2021.