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…
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…
Our podcast on adding value to your organisation using risk management: This month we were fortunate enough to be interviewed by Suzy Yates from The Podcast Agency. We’ve still got our regular monthly article full of insights but you can click the media file below for additional information on how you can leverage your risk management processes to add value to…
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.
Independent surveys such as the one from SmartCompany demonstrate the importance of protecting your brand. How are you managing your brand risks to protect your position or indeed improve your customers perception of you brand? Read the full article here.
Proactive management of risk exposures should not be seen as just another expense, but more of an investment in your business. So could your balance sheet, brand and reputation sustain the preventable scenario in this Food and Drink Business article?
Consumers are becoming much more informed of the claims made by manufacturers regarding how natural or healthy their products are. The threat of class actions could take the exposure to another level. Read the NYTimes article on Quaker Oats here.
Is risk culture to blame or business trading conditions ? Either way, it is important to enable the correct values and behaviours within an organisation, to ensure your business is not compromised. Read the full Aus Food News article 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?
