Food safety economics; what is it? As we all well know, food safety is very important. But it is also quite challenging to manage at times, especially when it comes to looking at it from an economical perspective. This week’s IFSQN web seminar will explore the ways that food safety actually has economic value for your business.
A quick summary of the Basic Food Safety Economics web seminar
Assigning economic value to food safety projects can be challenging because there are little tangible returns on the investment. Most of the costs have not occurred before implementing a food safety project and the objective of implementing them is that these costs should never occur. From another perspective the value of food safety projects can be evaluated by the customers/markets gained because of their implementation, and this can be a motivator for business managers. The objective of this webinar is to review the various approaches that can be used to justify the economic value of food safety projects.
This is part of the IFSQN webinar series on food safety