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Product recall insurance not as expensive as thought

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.
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CFOs value reputation over short-term profits

This has to be an encouraging development for technical teams responsible for supply chain risk management. Food safety risk & supplier risk has been seen as a compliance issue for too long, if the CFO's are waking up to the reputational risk to their business they may start to take investments in supplier management systems and supply chain compliance more seriously.
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