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,…
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…
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…
Unleash the insights within! We want to hear from you. Victual has partnered with the Australian Institute of Food Science & Technology to create a better understanding of the current state of product recall preparedness in the Australian food and beverage industry. Not only will this help the future development of the AIFST Food Recall Workshop, it will also assist…
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…