The food industry is facing increasing pressures with issues of food safety, waste and sustainable development for a growing population, while using limited resources. We propose a methodology that combines processing time and cost(PTC) with operational risk (ORk) to address these challenges while considering economic interest of each player in the supply chain. Quantified evidence from a global food company is presented, which shows that the joint analysis of PTC and ORk, in contrast to each single objective approach, results in tangible insights for actual practice. The step-by-step optimization enables each player to reconfigure its activities for competitive advantage.