Risk Management of Biosata Organics Pty Ltd in Australian Honey Industry

Risk Management of
Biosata Organics Pty
Ltd.
An Analysis of the Australian Honey
Industry.

Honey Industry in Australia
• The Australian Honey Industry produces over 20,000 tons of
honey annually.
• The industry is dependent on the weather conditions such as
floods, droughts and bushfires.
• Other factors affecting the production of honey include nutritional
aspects of bees and native vegetation (Beeaware.org.au 2019).
• Commercial bee-keeping and production of honey is a growing
industry in Australia.
• Australia is recognized among the top ten major honey producing
countries in the world.

Operations in the Honey Marketing and International Trade
• Packaging – One of the primary procedures involved in trade of
honey is the proper packaging of the product. This includes the
portability of the containers, low costing as transparency of
containers so that the customers can see the product before buying.
• Transporting – Large quantities of honey requires transportation
through plastic buckets with lids that fit tightly. Tin cans are not
suitable as it deteriorates the quality of the product.
• Labelling – In order to optimize marketing honey must be labelled so
that adequate information is provided to the customers about its
quality, features and authenticity (Yadeta, 2015).

Risks involved in Honey production
The risks involved in beekeeping and honey
production include the following:
• Changes in weather may affect the production.
• Diseases in bees can hamper the quality of honey produced
(Fairbrother, Purdy, Anderson and Fell 2014).
• Packaging defects may result in major losses during
transportation.
• Contamination of the product during processing operations
may result in deterioration of quality.