date:Jun 19, 2012
re,said Simon Ellis, practice director, Supply Chain Strategies for IDC Manufacturing Insights.
That figure is from a recent industry report sponsored by the Grocery Manufacturers Association and the Food Marketing Institute, among others. However, it does not include brand damage or lost sales, not to mention the human costs of illnesses associated with some recalls. Eighty-six percent of respondents said they were worried about their companys financial liability if something were to go wrong