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NZ: Fighting $40bn food fraud to protect food supply

ForeignAffairs.co.nz: Fraudsters will find it harder to infiltrate supply chains and profit from food fraud with the release of a new industry tool designed to help fight fraud and protect consumers. SSAFE and PwC say this free tool – developed by SSAFE in partnership with PwC, Wageningen University, VU University Amsterdam and food industry leaders around the world – will help food companies assess their food fraud vulnerabilities. Food fraud affects consumer confidence and is estimated to cost the global industry US$30 to $40 billion a year.

“Recent food fraud incidents have increased the need to strengthen the food industry’s ability to detect and combat fraud across food supply chains,” says SSAFE Executive Director Quincy Lissaur. PwC research has found more than one in three of all organisations are victimised by fraud.

Read the full article at ForeignAffairs.co.nz