Since 2002, the number of food products recalled has nearly doubled – and so have the costs of recalling these foods. A recent report by reinsurance company Swiss Re has revealed that in approximately half of these cases, the cost of recalling the product was US $10 million or more, with some reaching as high as $100 million. The full…
The recent Patties Foods frozen berries scandal is a stark warning for directors about supply-chain risks and the role they play in managing those risks.
An outbreak of salmonella has hospitalised 6 and left 28 others unwell.
Warren Buffet and his investment firm Berkshire Hathaway’s Kraft-Heinz merger deal has paid off, with the firm controlling a $24 billion stake in the company, which closed its debut trading at $72.96 a share. These figures put Kraft-Heinz ahead of Buffet’s other major food and beverage investment, Coca Cola Company. The full article is here.
The rapid, ever-evolving technological landscape can work in synthesis with traditional elements of the food supply in order to improve safety.
Food Source Victoria has opened applications for a four-year, $20 million scholarship and grant program aimed at driving growth in food and agribusiness.
Australia’s farmers are big winners after the Free Trade Agreement with China was signed today. The agreement hopes to catalyse further growth and foreign investment in Australia’s dairy, beef, and sheep farming industries. The full article is here.
The practice unfolds largely the same across all industries: A larger, more established company swoops in to acquire a smaller, fast-growing company.
German discount supermarket chain, Lidl, is ramping up plans to enter the Australian market, seeking to register its trademarks for use in Australia. Aiming to shake up the $94 billion supermarket industry, Lidl applied for trademarks across nearly every class in April. The full article is here.
The cyber security landscape will evolve rapidly and attacks will increase in number and sophistication, from a wider range of sources.
