Oliver Wyman Report Highlights Factors Impacting Food Security And Framework For Governments To Enhance Food Supply Across The Globe
February 10, 2019
Oliver Wyman launches report titled ‘Sustainable and Resilient Foods for Future Generation’
Dubai, United Arab Emirates, February 11, 2019 – Food security is the most important issue of our time, given the dramatic advance of climate change and increasingly severe weather events as well as population growth, increased urbanization, aging population, changing dietary patterns, and decreased arable land. All these factors play a significant role in disrupting the food supply chain and availability.
The Oliver Wyman report titled, ‘Sustainable and Resilient Foods for Future Generation’, was launched at the 2019 World Government summit. The report offers governments around the world the framework to assess the state of their food security and the tools to strengthen it both from regulatory and technological standpoints.
The report emphasizes that there is no ‘one size fits all’ solution, but highlights lessons learnt and identifies best practices that can be implemented to avert a food crisis. Although efforts have been made, nothing can be done without increased investment in the agriculture sector and enabling technology transfer towards places with agricultural potential that lack the means to develop it. Food security must be developed in all aspects if it is to exist at all, with countries and cities following a holistic approach when considering their food systems from ‘farm-to-fork’ and the interconnection of their national systems to the world.
“Our findings suggest that no city or country in the world is completely food secure. All cities from New York to Dubai face their own variant of food challenges and must develop their own way to address them. There is no unique solution to this challenge, but our food system model must be redefined from production to consumption factoring in issues of waste and loss,” said Mathieu De Clercq, Partner, Public Sector, Oliver Wyman.
“To build a resilient agriculture and food system, cities must undertake an audit centralised around the five dimensions of food security- availability, physical access, economic access, utilisation and their stability over time. We have examined five cities: New York, Singapore, Riyadh, Dubai and Havana to assess how secure they are along these five dimensions”, he added.
The report puts forward a series of regulatory initiatives combined to technological recommendations to address weak links and comprehensively ensure that their population’s most basic needs are fully met, now and for the future generation. With the technological revolution now rife across the globe, cities especially in the Gulf region have the financial means are encouraged to invest in technologies such as vertical farming or greenhouses to increase output. Food security is also ensured through investments in climate smart technologies and infrastructures.
For more information, please download the full report from here.
About Oliver Wyman
Oliver Wyman is a global leader in management consulting. With offices in 50+ cities across nearly 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.