With all the news and warnings about potential food fraud and adulteration from around the world it is easy to get overwhelmed with the vast amounts of ingredients, products and food specs that need to be created, filled out by suppliers (including chasing those that do not provide the information) and then finally reviewed to make sure you have adequate traceability.
A report I read recently from an insurance company indicated that the premium for contamination insurance could be as low as £10,250 for companies £100m turnover and £24,275 for companies with £250m turnover. Margins are tight across the food industry but this seems like reasonable cost insurance for the potential value if something does go wrong.
Should we be increasing the supply chain risk assessment scores for PDO, NI & GM free food ingredients?
How many businesses have specification management software robust enough to quickly identify where across their entire operations naturally derived food dyes are being used.
Over time a vast amount of data from quality attributes will identify the suppliers providing the best quality raw materials
It would be interesting to see the weightings applied to food safety variables in the cost/benefit decision on returning production to the UK.