| Abstract: |
In anticipation of Food Fraud 2017, New Food speaks to the University of Portsmouth for its insight into how best to fight food fraud in 2017.In the latest instalment in New Food‘s Fighting Food Fraud series, Digital Editor, Roy Manuell speaks to Sally-Ann Krzyzaniak, Research Fellow, Accounting & Financial Management, Portsmouth Business School and Professor Lisa Jack from the University of Portsmouth. Just how big an issue is food fraud at present in our industry? The nature of food fraud means that it is impossible to give accurate figures on the size and cost of food fraud to the industry. One way of assessing the impact of food fraud on the industry is by looking at losses. Work carried out by the University of Portsmouth and PKF Littlejohn LLP in 2014 estimated that the average cost of food fraud to the industry in the UK alone was 5.47% of expenditure which, just for FTSE listed companies, equated to over £11 billion1.The average cost of food fraud to the industry in the UK alone was 5.47% of expenditure… |
