Why does resilience matter in the F&B sector?

This part will explain why resilience is important in business today and how it is important for F&B sector.

It will support:

  • Understanding the relationship between resilience and business survival​
  • Understanding resilience context in F&B sector
What is Resilience?
  • Resilience is the ability to adapt to, withstand, and recover from adversity, effectively “bouncing back” from difficult experiences.
  • Resilience is the capacity to adapt successfully in the face of threat or disaster.
What is Organisational Resilience?

The official definition from ISO 22316 describes organisational resilience as the ability of an organisation to absorb and adapt in a changing environment, to deliver its objectives, and to survive and prosper.

Think of a tree in a storm. A rigid tree might break under the pressure of strong wind, but a flexible one bends and adapts. In the same way, resilient organisations are not the ones that are simply strong, but the ones that are flexible, adaptive, and able to learn from crises.

Resilience vs Business Continuity vs Risk Management

Now, resilience is often confused with related concepts like business continuity or risk management.

Risk management is about identifying risks and reducing the likelihood or impact of negative events.
Business continuity is about having plans in place to keep essential operations running during a disruption.

Why Resilience Matters in F&B sector?
  • Lockdowns during Covid-19 pandemic affected dramatically sales in restaurants, cafees, bakerys
  • Cheap food in supermarkets caused rapid sales decrease in many bars, local bakery’s
  • Crisis-led changes in basic salaries affected small local restaurants cost effiencies
  • Brexit-caused sudden regulatory changes disrupted food exports/imports between UK and EU
  • Climate change-affected droughts in Spain caused shortages of olive oil and vegetables in Europe
Deep dive into understanding of resilience constraints in F&B SMEs – Watch the video case studies
VIDEO PRESENTATION

Digitally enabled organizational resilience

VIDEO PRESENTATION

Why does resilience matter in the F&B sector

RESOURCES

PPT PRESENTATION

Why does resilience matter in the F&B sector