Willis: Food industry faces mounting risks and falling confidence in risk management in 2026

Fears over food safety and health have risen sharply, with almost half of companies (45%) naming this among their biggest risks, up from 29% in 2024, amid growing concern over ultra-processed foods and rising litigation exposure. That’s according to the Global Food, Beverage and Agriculture Risk Report 2026 , published today by Willis, a WTW business (NASDAQ: WTW). Rising geopolitical tensions, tariffs and input costs, mounting cyber threats, climate pressures and supply chain risks have also emerged as top concerns putting the food, beverage and agriculture sector under growing strain in 2026. The new findings from Willis Direct & Facultative’s latest survey highlight how this increasingly complex and volatile risk landscape is eroding confidence in risk management capabilities, with many leaders reporting they feel less in control of their exposures and lack the tools and board-level support needed to manage them effectively. Despite these headwinds, the sector remains resilient and forward-looking, with businesses prioritising value-for-money products to navigate cost-of-living pressures and sustain near-term profitability. Key findings include: Fears over health-related harms increase : 45% cite food safety and health as a top risk, up from 29% in 2024. Firms focus on value for money products: 52% identify value-for-money offerings as a top opportunity as businesses respond to cost-of-living pressures and rising input costs. Conflicts expose supply chain vulnerabilities: 44% are concerned about supply chain risks, up from 40% in 2024, driven by geopolitical instability, trade tensions and disruption risks. Confidence in risk management falls : 62% feel somew...