Deloitte Center for the Global Food Value Chain Debuts
Deloitte releases four new reports to help companies address new FDA regulations, enhance food safety, manage compliance
NEW YORK, Jan. 30, 2013 - The Deloitte Center for the Global Food Value Chain (the Center), a source of insights and analysis designed to help companies in the food and beverage business understand the changing regulatory environment, reduce risk and address supply chain issues, debuted today 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.
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.
“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,” said Elise Gautier, principal, Deloitte & Touche LLP and co-leader of the Deloitte Center for the Global Food Value Chain. “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.”
“Preventing foodborne illnesses is at the heart of today’s sweeping regulatory reform of the U.S. food industry. FSMA’s biggest challenge may be the adoption of mandatory compliance programs that exert a global reach,” explains 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.
Cascone continues, “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.”
Below is a summary of four reports available today on the Deloitte Center for the Global Food Value Chain webpage at www.deloitte.com/us/foodvaluechain
About the Deloitte Center for the Global Food Value Chain
Businesses across the consumer products, retail and distribution industries face issues that impact operations, supply chain, food safety, quality assurance and risk management functions. The Deloitte Center for Global Food Value Chain leverages Deloitte’s experienced industry and regulatory business advisors and former executives from government agencies. This Center is designed to help companies understand and address quality and safety issues, changing regulations, market trends, supply chain risk, operational impacts, and use of business analytics to improve performance. Deloitte’s goal is to establish a resource for companies to share ideas and gain valuable insights that will help advance food safety and quality. For more information, visit www.deloitte.com/us/foodvaluechain.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.