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,…
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…
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…
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…
How much do you understand your supply-chain? It sounds like a simple question, but it’s important to realise that a resilient supply chain can help you sidestep avoidable risks and grow your business. Only 22% of companies have a proactive supply chain network. (Logistics Bureau, 2020) Your supply chain is one of the most critical elements to running your business and disruption at…
Have you recently audited your cyber security risk? Should a targeted attack occur, how far reaching would the impacts of a cyber-attack ripple in your business? The world’s largest meat processing company JBS, has recently been targeted by a cyber-attack, forcing it to temporarily shut operations in the US, Canada and it’s 47 sites in Australia. JBS paid a ransom of…
Late last year we announced the launch of our new and improved IBASAFE Program, that will be run through our speedy, easy to use online learning platform. When asking back in 2020 what improvements you wanted in the new IBASAFE Program, over 80% asked for webinars, access to online content and an online community. This does not replace the important…
In 2017 Victual produced a survey on recall preparedness in the Australian Food Industry. We are currently working with AIFST (Australian Institute of Food Science and Technology) on an update on this survey and would appreciate a few minutes of your time to participate in this short survey. The survey is unanimous, however outcomes will be shared and this will…
Since launching the program in 2018 at BrewCon, Victual along with the 17 breweries have successfully identified 333 corrective actions over the past 24 months. For one brewery, we were even able to negotiate a 50% reduction in their workers compensation insurance premiums. Real Results One example of the tangible results the program has delivered is through the use of…
Workplace injuries can happen any day of the year and with a 16% rise in legal proceedings resulting in convictions, it is crucial that businesses equip themselves with the necessary tools to minimise their risk, and the relevant armour to combat any road-bumps along the way. In our highly stressful and time-poor day-to-day, we tend to dive headfirst into tasks…
