The Costs of Foodborne Illness, Product Recalls Make the Case for Food Safety Investments
“In 2012, the Grocery Manufacturers Association (GMA) and the Food Marketing Institute estimated that the average cost for a food recall in the United States was $10 million. That number was just for the direct costs to the company, such as the retrieval and disposal of the recalled product. There are also indirect costs, including lawsuits, damage to a company’s or product’s reputation, and sales losses.
GMA also did a survey of several dozen multi-national corporations, and 18 percent indicated they had been involved in recalls with estimated costs between $30 million and $99 million each. Another 5 percent said they had been involved in recalls that cost more than $100 million.”
Stephen Ostroff, M.D., is the deputy commissioner for foods and veterinary medicine at FDA.
OPED June/July 2018
By Stephen Ostroff, M.D.
Read the full article: here.