Risk management in the food industry can be applied in several ways. One practical application is in the supply chain, where companies can analyze and categorize risks to create new risk prevention models. This can involve partnering with suppliers to implement rigorous food safety standards before ingredients reach the restaurants, as seen in the case of Chipotle. Another application is incentivizing food safety as a performance measure for bonuses, which can help create a culture of risk management within the company.
Did you know the Model 3 was one of Tesla’s biggest risks? Our Risk Management deck reviews the top...
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