Food Industry

India is the world's largest producer of milk, the country with the highest number of livestock in the world and second largest producer of fruit and vegetables, the third largest producer of food grain and the largest producer, consumer and exporter of spices globally. The Indian Agriculture Industry is on the brink of a revolution that will soon modernize the entire food chain, as the total food production in India is likely to double in the next ten years, as per recent studies.

The Indian food market is estimated at over US$ 182 billion and accounts for about two thirds of the total Indian retail market. Food processing in India is one of the principal and most thriving industries and ranks fifth in terms of production, consumption, export and expected growth. Food processing constitutes a large sector that covers various economic segments like agriculture, horticulture, plantation, dairy, fruits and vegetable processing animal husbandry, fisheries, and consumer foods.

The augmentation of food processing sector has nearly doubled during the last few years; however there remain major challenges faced by the industry such as need for distribution network and cold chain, backward-forward integration from farm to consumers, development of marketing channels, development of linkages between industry, government and institutions, taxation in line with other nations and streamlining of food laws. Also, genetically modified ingredients, nutrition politics, changing product availability, regulated prices, mandatory labeling, product recalls, and consumers blaming companies for the adverse health effects of consuming their products and mounting processing issues, pose as other risk exposures. In addition to health and safety risks, the impact of other employee risks is also often miscalculated.

With ENAM’s integrated risk management solutions and benchmarking capabilities, our Food industry experts work with experience, skills and an insight into the industry’s specific risk mitigation requirements and offer organizations risk identification and expertise to suit their changing and challenging environment.

ENAM Risk Management Strategy

Assistance in determination of the objectives of the client company
Advice on specific and detailed risk identification, analysis and assessment
Selection of the risk treatment devices or appropriate covers from the market
Arranging for risk transfer with optimization of covers at best possible quotes
Prompt claims facilitation, cooperation and provision of technical expertise.

To know more, please feel free to write to insure@enam.com

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