Many countries in the “Global North” that have enjoyed relative food security for a number of decades now face challenges that may lead to disturbances in food supplies. Global markets and global flows are not as self‐evident as they were a few years ago and new modes of governance for managing national food security during crisis are required. Recent events such as the COVID‐19 pandemic have further showed that global production systems and communications are fragile to a range of different disturbances. This article examines the possibility of managing national food security through collaborative arrangements between public authorities and private food companies through a case study of the Swedish approach to food security. The analysis is based on a theoretical framework that highlights the importance of motivation, leadership, shared understanding, and trust as four dimensions that evaluate collaborative governance in precrisis situations. We conclude that although a broader understnding of the importance of food security has emerged, collaborative governance arrangements run the risk of creating only an illusion of readiness, due to unclear mandates and clear leadership not able to advance trust, legal structures, or concrete agreements for ensuring national food security.