In the last decade, the world population has increased by more than 700 million to reach seven billion today. And by 2050, there will be two billion more people to feed. According to the UN Food and Agriculture Organization (FAO), food insecurity is a major global concern today. With food consumption exceeding the amount grown for six of the past 11 years, countries have run down reserves by more than 30%.
Manage Risk to Increase Food Security
World grain reserves in the United States and other food-exporting countries have gone so low, that severe weather and extended calamities can cripple the food supply chain. Add to this tough scenario, the complexity, risk, and uncertainty inherent in agriculture and commodity supply chains. Managing and mitigating these risks – production, market, macro-economic, regulation – will play a significant role in determining the food security and safety for the billions of our population. [Read more...]