We’ve all heard of the fatal consequences a food and beverage recall can have on a business. Australia’s high standard for food and beverage quality management systems assure we are well placed to prevent these incidents from occurring. However, in 2016, there were 72 recalls reported and this number is continuing to rise. Of course it is imperative to do...
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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…
This Swiss re study shows the increase in food related recalls in the US and the rising cost impact on affected companies
Tragic results emanating from an imported product. So what risk mitigation and audit measures do you have in place to prevent a similar incident happening to your business? Read the full article here.
A timely reminder to review your food safety processes and procedures. A proactive approach to the management of risks, will reduce the likelihood and therefore impact on your business and reputation. Read the full article from Food & Beverage here.
A riveting read about the Nestle Maggi noodles scandal in India. The quote from the Nestle CEO says it all: ““We were right on factual arguments and yet so wrong on arguing. It’s not a matter of being right. It’s a matter of engaging the right way and finding a solution.” Read the full Fortune article here.
How confident are you that your products have not been adulterated?
What would happen to your business, if you’re product recall claim was denied ? A cautionary note about an insured’s duty of disclosure, because the ramifications could be costly, even to the largest of organisations. Read the full article here
The food safety crisis that hit the Chipotle restaurant chain in the US provides a stark reminder of the lasting implications of significant food safety issues. This article demonstrates the impact the incident had on share price, the legal ramifications, the impact on reputation and the increase in costs that resulted.
Following the recent Salmonella outbreak and recall involving bagged lettuce products, this CSIRO article explains what Salmonella is and how common it is in Australia in particular.
