The Costs of Foodborne Illness, Product Recalls Make the Case for Food Safety Investments

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“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.

FoodSafety Magazine
OPED June/July 2018
By Stephen Ostroff, M.D.

Read the full article: here.

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