Useful Business Lessons can be found everywhere – Most recently from the Horsemeat Scandal

A thorough look at this situation based on available information reveals that there must have been flaws in the supply chain, poor risk management practices and elements of greed. These tendencies must be avoided if you wish to have sustainable growth in business. Note that the suppliers and retailers involved in this chain may end up losing more than they have gained from this scheme.

I am one who strongly believe that lifelong lessons that can be used for improving your business venture can be found in virtually every aspect of life. You just need to be a little more discerning and spot things differently. Sometimes, all you need to do is spot “order” out of a situation that is in complete “disorder”.

Before now, I have written two posts on business lessons from the US Republican Nomination race and the Football Pitch. Now, the Horse-meat scandal across Europe is another area to pick relevant lessons from, especially as the major actors are currently trading blames

The big question for me is:

  • What happened to quality assurance checks at the different points of exchange of these meat products?

If samples were tested from the original butchery through the points until they became meatballs, definitely these external elements (horse meat and pork) must have been detected somewhere along the chain. I am really amazed that this can happen in Europe. What happened to risk management practices along the overall chain?

Advertisements

4 thoughts on “Useful Business Lessons can be found everywhere – Most recently from the Horsemeat Scandal

  1. Also, does that mean there aren’t enough commercial beef farmers in Western Europe (i.e. less so prices are high , forcing retailers to go for cheaper options) or is this just about greed / an obsession with saving costs? Another opportunity there…

  2. Very true Gnstr…Some greedy folks are profiting unfairly…

    This can lead to a loss of market share for Comigel and a blow to the European meat industry as a whole.

    • Thanks Andreas. That sounds true…but sub-contracting can never go too far if the sub contractor is appropriately vetted/pre-qualified and if the basic quality checks are done before inventory is received, whether food items or otherwise. My biggest concern is that basic controls within the supply chain seems to have failed at multiple points, otherwise, this should have been discovered much earlier.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s