Food retailers have seen little innovation in the solutions available for supplier quality assurance over the past 25 years as retailers need to be confident in the ability of their…
A complex food supply chain Cowboys United Ingredients Agent finds a supplier in India who says they can supply 20 tonne containers with an 18 week lead time. Agent recognises…
"You do not own your reputation but you do own your brand. Reputation is the outcome of whether or not you are doing the right thing with your brand"
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.
If the farmer has used a fake product inadvertently and completed all paperwork correctly how would the auditor pick it up.
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.
Supplier risk assessments, supply chain risk management & supply chain compliance is going to get a level of focus unheard of in recent years.
As a food industry we are constantly anxious about negative press coverage and the brand protection impact it can have.
It is frustrating that the activities of the few are yet again having a large impact on the majority of the food industry.