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The Economics of Food Recalls: What a Recall Can Cost Your Business

Three Things to Remember. Treat recall prevention as a key business and customer retention strategyDon't underestimate the true cost of a recallUse appropriate tools to reduce and manage your risk. Consumer Costs of Foodborne Disease Outbreak. The CDC estimates that the annual cost of E. coli O157

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The Economics of Food Recalls: What a Recall Can Cost Your Business

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    1. The Economics of Food Recalls: What a Recall Can Cost Your Business Annette Dunlap, MBA Agribusiness Developer Marketing Division, NCDA&CS September 17, 2009

    2. Three Things to Remember Treat recall prevention as a key business and customer retention strategy Don’t underestimate the true cost of a recall Use appropriate tools to reduce and manage your risk

    3. Consumer Costs of Foodborne Disease Outbreak The CDC estimates that the annual cost of E. coli O157, alone, was $405 M*: $370 M for premature deaths $30 M for medical care $5 M for lost productivity (*in 2003 dollars)

    4. Business Costs of Foodborne Diesease Outbreak

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