Manufacturers continue to strive and meet the expectations of regulators, customers and consumers. What happens when they fall short?
Stringent regulation, inflationary pressure, complex supply chains and the growth of alternative foods have all increased the frequency and severity of product recalls.
In an industry where trust drives consumer preference, a publicised recall can have an adverse impact on a company’s reputation, affecting sales during and long after a recall has been resolved.
Manufacturers commit huge resource to implement robust quality assurance, testing procedures and staff training in food safety practices. Unfortunately, it is impossible to completely eradicate the risk of a recall.
Standalone Contaminated Products Insurance can complement these operations, to provide crisis management support and protection against the broad range of financial implications following a recall event.