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Deloitte: Global Food Value Chain Debuts

By Rob Starr, Content Manager, Big4.com

The Deloitte Center for the Global Food Value Chain (the Center), debuted  and issued a series of research papers to help companies comprehend and comply with the Food Safety Modernization Act (FSMA) signed into law in January 2011. Elise Gautier, principal, Deloitte & Touche LLP and co-leader of the Deloitte Center for the Global Food Value Chain comments:

“Deloitte’s Center for the Global Food Value Chain is designed to provide companies information on the changing food regulatory environment, help companies reduce risk within their organization and across their supply chain, as well as explore the use of technologies and analytics to allow for improved performance and better decision making,” she said. “We have established a network of experienced industry and regulatory business advisors and former government agency executives to share valuable perspectives on various food-related matters.”

James C. Cascone, principal, Deloitte & Touche LLP, co-leader of the Deloitte Center for the Global Food Value Chain, national leader of Deloitte’s food & product safety practice and Deloitte’s national restaurant industry leader also comments:

“There is a need for improved supplier transparency globally, and enhancing product traceability throughout the value chain may impact business relationships, sourcing practices and growth strategies. The new regulatory environment may increase the cost of compliance, but also presents a unique opportunity for food and beverage companies to transform current operational practices and position their businesses for competitive advantage.”

The Center also addresses broad and varied food safety and quality issues, including changing regulations besides FSMA, market trends, supply chain risk, operational impacts, and use of business analytics to help improve performance.

 

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