Food fraud can damage consumer health and also lead to enormous losses for food retailers. According to estimates, food retailers lose as much as 15 billion dollars annually due to lost sales and product recalls. This is a threat especially for small enterprises where single incidents can cost from 2 to 15 per cent of a producer’s annual revenue. On top of that, damage to brand reputation affects consumer confidence and impacts overall market share.
Retailers operating at the interface between manufacturers and consumers also have an interest in preventing food fraud, and can contribute in this respect by making clear that they only sell safe food products and therefore work with trustworthy manufacturers. To be on the safe side, they can also request suppliers to furnish certificates that demonstrate their compliance with food standards.
Working with an independent third party such as TÜV SÜD helps enterprises to detect potential food fraud. TÜV SÜD offers a comprehensive portfolio of food safety services, including tests, audits, analysis and certification along the value chain, at various locations worldwide.
An in-depth article on this topic is available here: www.tuv-sud.com/foodsafety/fraud.
Interested parties can find further information on food safety at www.tuv-sud.com/foodsafety.
Press contact: Carolin Eckert