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COST OF FOOD SAFETY INCIDENTS
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Cost of economic adulteration and counterfeiting of global
food and consumer products is $10 - $15 billions/year
Overview of template
•
Cost of once incident of product adulteration runs between
2%-15% of annual revenue. Translates to $400 million impact
for a $10 billion company
Source: GMA, 2010 study
Proprietaryand confidential — do not distribute
© 2015 Abbott Laboratories
March17,2015
“Ensuring theSafetyandQuality of IngredientsUsing Standardized, HarmonizedAnalytical Methods "
15
HOW DO WE MANAGE THE PROBLEM?
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Definition of appropriate testing,
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Standardization of analytical methods and
Overview of template
•
Global harmonization of methods
Proprietaryand confidential — do not distribute
© 2015 Abbott Laboratories
March17,2015
“Ensuring theSafetyandQuality of IngredientsUsing Standardized, HarmonizedAnalytical Methods "
16