Industry characteristics and business risks of food manufacturing industry

The industry is characterized by low threshold and fierce competition, and the industry risk is a food safety issue. The risk of food management is that food safety needs to be guaranteed from the source of production, processing, packaging, transportation and storage. With the increasingly strict supervision of food safety by regulatory units, food safety problems will be exposed continuously, which may lead to the risk of consumers' distrust of the whole food industry. The food industry is characterized by low threshold, full competition and strong substitution between different types of food. Besides product quality and meeting consumer demand, brand is an important means of competition in the food industry. Risk, a Chinese word, refers to possible dangers and disasters.