Posted 10 December 2019 - 03:23 PM
Only the strong survive... I was with a company that had a major recall due to listeria. But they were very well insured, lawyer'd up with lots of capital reserves. Smaller companies that lack the resources for potential rainy days (or months) get wasted out.
I also remember having an off-the-record chat with a lawyer that represented one of the biggest food companies in the US and he explained that a contingency plan was in place that included an interesting statement based on averages - they actually planned for the possible killing of up to 100 people and up to 100,000 for damages short and long term in the event a major recall - and actually as horrible as that sounds - that they plan for it I was in the hotel franchise business as a cross-country inspector and our risk division estimated that any hotel over 5 stories high will have at least 3 jumpers a year, thus we planned for people jumping off the balconies. Unfortunately, without suicide planning in the hotel industry many hotels would go out of business from just one person jumping.
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