Fraud drains an estimated $30 to $40 billion every year from the global food industry. The Consumer Brands Association claims that roughly 10% of commercially produced food and beverage products are affected by fraud.
But these figures only point to the initial economic cost of food fraud. There are health costs to consumers poisoned by tainted food, not to mention the cost of the reputation hit on a brand when adulteration occurs. A far-flung, global supply chain has made it increasingly difficult for manufacturers to track raw materials' origins. It's also made it increasingly easy for bad actors to peddle adulterated goods. The problem is even worse in the dietary supplements space, where labeling is a significant area of concern.
Join AIB International Food Safety Expert Jesse Leal as he outlines six steps you can take to protect your supply chain from fraud.
Different types of food fraud and industry impact.
Mitigating fraud through robust controls, like Vulnerability Assessments and Critical Control Points.
Best practices for building a risk management program that maintains compliance.