Lockton teams up on risk mitigation for the food and drink industry

Lockton teams up on risk mitigation for the food and drink industry | Insurance Business America

Risk Management News

Lockton teams up on risk mitigation for the food and drink industry

Initial outcomes include a paper addressing food fraud

Risk Management News

By
Kenneth Araullo

Lockton has announced a partnership with food science specialist Campden BRI aimed at boosting risk mitigation in the food and drink sector.

This partnership includes the establishment of a position paper aimed at tackling the increasing issue of food fraud, which has been intensified by recent disruptions in supply chains and shortages of raw materials.

The food and drink industry has encountered significant challenges in recent years, including disruptions to supply chains, escalating costs, inflation effects, resource scarcities, labour shortages, regulatory shifts, and evolving consumer preferences. Much of these issues began during the COVID-19 pandemic, but many have yet to be resolved.

Luke Withers, food and drink industry leader at Lockton in the UK, highlighted the significance of the collaboration.

“With thousands of members in the UK and around the world, Campden BRI is the leading and most trusted technical partner for the food and drink industry, and we are proud to collaborate with them to enhance our shared understanding and solutions for the sector,” he said. “Lockton is a broker of choice for the industry and our industry practice group is laser-focused on delivering solutions and innovation for our food and drink clients. We are looking forward to working with Campden BRI on this and other risks to strengthen the sector’s response.”

Bertrand Emond, membership ambassador from Campden BRI, also expressed enthusiasm about the partnership.

“We are excited to have Lockton as a member and to collaborate with them on critical issues for the industry. Their specialist understanding of the risks the industry faces and their global expertise in mitigation measures add great value to our membership,” he said.

What are your thoughts on this story? Please feel free to share your comments below.