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food and beverage | Victual

POSTED BY in Asset Risk, Crisis Management, Environment, Financial Risk, Insurance, Legal Risk, Plant, Production Risk, Reputation, Risk Management, Safety, Strategic Risk - TAGS , , , , , , , ,

Are you underinsured?

Your business is probably one of the most valuable assets you have – so it makes sense to protect it in good times and bad. That’s where having the right level of insurance can make all the difference by helping to ensure your business continues to operate smoothly if the unexpected happens. With the current level of inflation, it’s common…

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POSTED BY in Asset Risk, Crisis Management, Environment, Equipment, Financial Risk, Food Safety, Global expansion, Inflation Risk, Insurance, Plant, Production Risk, Reputation, Risk Management, Safety, Strategic Risk, Supply Chain - TAGS , , , , , , , , , , , , ,

Stay Current, Stay Sustainable

Ethical and sustainable food and beverage production is increasingly on the radar of not just retailers, but consumers as well.  Sustainably sourced products enable a business to operate more efficiently and indicates a company cares about their footprint and their environmental impact.  Do you have a fit for purpose, action orientated plan for sustainability? How do you show your customers,…

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POSTED BY in Asset Risk, Crisis Management, Insurance, Risk Management, Safety, Strategic Risk - TAGS , , , , , , , , , ,

Challenges within the Workforce

Finding and retaining talent has become a casualty of the post pandemic era. Employees are the lifeblood of any business, but how hard are you finding it right now to attract new workers? To keep the hardworking workers, you already have? Is your business at risk of not being able to continue operations at the same scale and pace due…

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POSTED BY in Asset Risk, Chain of Responsibility, Crisis Management, Inflation Risk, Insurance, Production Risk, Risk Management, Safety, Strategic Risk, Supply Chain - TAGS , , , , , , , , , ,

Simple Strategies for Reducing Inflation Risk

With inflation set to surge even higher, cost pressures are mounting on Food and Beverage businesses from all sides. How are you navigating the inflation storm? Are you taking pro-active measures to minimise the impact on your business?  With food inflation having already risen from 2.2% in 2021 to 7% at the start of 2022, many businesses are feeling the…

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POSTED BY in Asset Risk, Contracts, Insurance, Risk Management, Safety - TAGS , , , , , , , ,

Understanding the Fine Print of Your Contracts

How carefully do you read your contracts? Securing a new contract is often cause for celebration – it can mean new business, a new employee, new machinery or a new supplier but how carefully do you review your contracts? Do you ensure that your insurance covers you for your liabilities? Are there any gaps in the protection for your business? …

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POSTED BY in Asset Risk, Crisis Management, Financial Risk, Risk Management - TAGS , , , , , , , , ,

Understand The Financial Risks In Your Business

Do you fully understand the financial risks in your business? Financial Risk comes in many diverse forms and predicting scenarios which may cause your business to lose money, can help protect your long-term profitability and viability. Whilst businesses in the food and beverage industry will all have different exposure points, it’s fair to say that common risk areas exist, allowing…

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POSTED BY in Asset Risk, Blog, Chain of Responsibility, Crisis Management, Dieases, Environment, Financial Risk, Food Safety, Injury Management, News & Articles, Product Recall, Production Risk, Reputation, Risk Management, Safety, Safety Management System, Supply Chain - TAGS , , , , , , , , , , ,

Product Recall – Can You Recall Your Plan?

What would your plan be if one of your products needed to be recalled? Everyone in the Food and Beverage industry acknowledges that a recall can be catastrophic for the brand and reputation of their organisation.  The aim of any recall is to stop the sale and distribution of a product as soon as possible. For businesses in the food and beverage industries,…

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POSTED BY in Asset Risk, Crisis Management, Environment, Food Safety, News & Articles, Production Risk, Risk Management, Safety Management System, Supply Chain - TAGS , , , , , , , ,

Links between supply chain and the current global circumstances

We live in a Global economy, which interconnects Australian businesses to other countries to fulfil their supply chain. Any disruption to the supply chain, such as the awful situation occurring right now in Ukraine, can create unprecedented risk to businesses. The impact of war and political unrest is likely to have widespread repercussions across the global markets. Closer to home we…

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POSTED BY in Asset Risk, Blog, Crisis Management, Cyber risk, Financial Risk, Food Safety, Legal Risk, Product Recall, Production Risk, Reputation, Risk Management, Strategic Risk, Supply Chain - TAGS , , , , , , , ,

Creating Value Through Managing Your Risk

70% of organisations only evaluate their risk profile on an annual basis, limiting their ability to tailor their risk management plan and business strategy to mirror the ever-changing commercial landscape – EY  The guiding standard for risk management, ISO 31000, defines risk as the effect of uncertainty on objectives.  Whilst this framework can be helpful, in establishing the context, and identification…

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POSTED BY in Blog, Cyber risk, It Depencency, Production Risk, Risk Management, Safety, Safety Management System, Uncategorized - TAGS , , , , , , , , , ,

Cyber-Security

Businesses on guard  With businesses increasingly connected online, do you understand your cyber-security risks?   Cyber-security is a growing concern for business owners in the Food and Beverage industry. It’s not a case of if you face a cyber threat in the future, but when.  Whilst every business will have different exposure points, a cyber threat shouldn’t be taken lightly due…

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