The ROI of Food Safety and Quality Assurance Technology Solutions

The Situation: Food withdrawals, rejections and recalls cost the food industry $7 billion dollars annually. The majority of these costs aren’t just from “worst case” recall scenarios where people fall ill and lawsuits occur. A large portion of these costs are created by internal reworking, commodity loss, inventory replacement, removing goods from shelves, lost sales and public relations/customer confidence repair. Increasingly, these losses are being spread across all participants in the supply chain, including suppliers,…