Vulnerability assessment of food imports—Conceptual framework and empirical application to the case of Switzerland

Abstract

The world's food supply is becoming increasingly vulnerable because of rising political and climatic crises. To identify food supply vulnerabilities at an early stage, this paper proposes a multifactorial and standardized import vulnerability index (IVI). The IVI encompasses (i) an exporter vulnerability index (EVI) consisting of four exporter-specific factors and (ii) a product vulnerability index (PVI) consisting of three product-specific factors. We applied a robust principal component analysis to derive weights to combine these individual factors into a standardized IVI. The IVI was applied to food import-dependent Switzerland from 2014 to 2019 as an empirical case study. The results showed that a large share of Swiss food imports mainly originated from neighboring countries, indicating a very low to moderate EVI. Regarding the PVI, only product groups that were imported from a small number of countries (e.g., oilseeds) or that showed a low self-sufficiency ratio (e.g., coffee) or high price volatility (e.g., meat) exhibited a high value. Moreover, the findings demonstrate that the IVI showed neither large fluctuations nor a decreasing or increasing trend. With regular updates, the proposed indicator can become a valuable monitoring tool for food supply security.

Keywords

• Trade
• Net importer
• Principal component analysis
• Exogenous shocks
• Political crisis
• Climate risks