News

POSTED BY in Crisis Management, Food Safety, Product Recall - TAGS ,

3 insights why companies should pay more attention to food recall crisis management

The complexities of a recall event can have a wide-reaching impact on a business, as it can carry a potential loss of revenue, productivity, business relationships, and a long-term decline in the company’s public image. With these insights in mind, and the knowledge that recalls over the past ten years are increasing, we wondered just how prepared the Australian food…

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POSTED BY in Blog, Crisis Management, Reputation, Risk Management - TAGS

Dreamworld Are Mismanaging Their Crisis – But Is Your Business Any Better Prepared For Disaster?

Last month, four lives were cut tragically short in an accident on the Thunder River Rapids ride at the Dreamworld theme park. Since then, serious concerns have been raised about the actions of the board, particularly concerning their handling of the tragedy itself. Regular equipment breakdowns and an inexperienced employee left in charge have led to accusations the company didn’t…

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POSTED BY in Blog, Reputation, Risk Management - TAGS , ,

South Australian Blackouts Put Spotlight on Business Continuity Planning

With many businesses left counting the cost – likely to run into the billions – of the “once in a 50-year” storm, many businesses are now taking a second look at their business continuity planning. Following the blackout, many food and beverage companies were left scrambling, as freezers and chillers lost power and food started spoiling. Others, including many businesses…

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POSTED BY in Blog, Risk Management, Safety, Supply Chain

The Chain of Responsibility: Your Legal Obligation to Safeguard Every Vehicle in Your Supply Chain

Just three years ago transport group McAleese were riding high: after winning a large contract to deliver fuel to 7/11 service stations, the firm was about to be listed on the stock exchange. But after an initial listing at more than $1.47/share, McAleese’s fortunes have plummeted, and the company recently went into liquidation. In August 2016 the share price dropped…

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POSTED BY in Blog, Reputation, Risk Management, Strategic Risk - TAGS , ,

New Report Reveals Many Food & Beverage Companies Still Playing Catch-up on Corporate Governance

A recent report, commissioned by the Investor Responsibility Research Centre Institute[i], has revealed that many businesses are at risk due to a low level of understanding of threats at board level, and of food safety in particular. Although the report found that expertise was relatively common at management levels, there was a significant lack at board level, with “little food…

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POSTED BY in Legal Risk, News & Articles, Risk Management - TAGS

Contracts Demystified

Clients often ask us whether there is one common area where businesses are exposed in the food and beverage industry. The response is surprisingly easy – it’s contract management. Contracts are a tool for defining the rules around a relationship. In many respects they define how risk is shared. For this reason, contracts, and their effective management, become a vitally…

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POSTED BY in It Depencency, News & Articles, Risk Management - TAGS ,

Don’t Take Risks with Risk Management

In collaboration with our partner E3Learning we have put together a 3 part series on the implications of risk and technology. Part 1 – https://e3learning.com/confidentbusiness/dont-take-risks-risk-management/ Part 2 – https://e3learning.com/confidentbusiness/investing-risk-management-things-go-wrong/ Part 3 – https://e3learning.com/confidentbusiness/investing-in-risk-management-getting-it-right/

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POSTED BY in Blog, Risk Management, Strategic Risk - TAGS

Australian Companies Are Delaying Key Decisions Because of Economic Uncertainty – But Is This Strategy Actually Increasing Their Risk?

For a country famous for its stable politics and economy, Australia is facing a rare moment of uncertainty. After a disappointing election result for the Coalition, the government’s flagship policy of lowering company tax is in doubt, and concern over the viability of the latest budget has also led to Standard & Poor’s revising Australia’s credit rating outlook. The agency…

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