Protecting the health and well-being of consumers is always a top priority in the food industry. And while the Food and Drug Administration (FDA) continues to implement regulations to prioritize the safety of U.S. consumers, some food companies are finding it challenging to keep up with changing regulations.
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Supply chain disruptions have impacted many industries in recent years, but not all industries are quite as fragile and important as the infant formula industry in the U.S. Infants represent one of the most vulnerable populations in our modern day, which means even the smallest of disruptions in the infant formula market can have detrimental impacts. Unfortunately, the past few years have seen intense shifts, from the pandemic slowing down production, to four separate recalls, and to a war in Ukraine that impacted critical supplies – the formula industry has not been able to catch a break since March 2020.
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The U.S. Department of Agriculture reports that all food prices are expected to increase 7.9% in 2023, with slower growth than in 2022 but still above the historical average rates. Between January 2022 and January 2023 alone, grocery bills were 11.3% more expensive according to the Bureau of Labor Statistics Consumer Price Index. And shoppers have certainly noticed the impact to their wallets, paying slightly higher prices for their items or paying the same for less product.
Preventive Controls / Supplier Management / Safety / Food Safety Audits / Food Safety / Food Safety Program / Food Recalls / FSMA / FDA / Mock Recall / Food Industry
In an increasingly complex and global supply chain, ensuring food safety and quality is critical to protect consumers from foodborne illnesses and other risks. For businesses, prioritizing food safety does not only mean you are protecting the health and well-being of your consumers, but it also means that you are taking on a responsibility to comply with industry rules and regulations.
Food Safety Modernization Act / Preventive Controls / Food Safety Audits / Food Safety / FSMA / FDA / New Era of Smarter Food Safety
Food safety and quality remain of utmost importance to the food industry. From prioritizing traceability and visibility within your supply chain, to having a proper food recall plan in place, to staying up to date with the latest regulations for compliance, it is imperative for food companies to take a proactive approach to create a safer global food supply chain for all.
