I found this article in the Seattle Weekly on Pirate Joe’s operation to be quite interesting as a follow-up to our earlier article. Of particular interest were the mix of goods, the markup. the volume he buys each week and that he dropped the "P" from Pirate Joe’s when he was first sued. My real … Continue Reading
Detecting fraud is art, not science. Harry Markopolos, the man who figured out Bernie Madoff’s fraud well in advance of the regulators, was a competitor of Madoff’s, obsessed with figuring out why Madoff’s results were so stable in all markets. Because of his obsession, and his instinctive knowledge of those markets, he knew that there … Continue Reading
Many of you may be familiar with the famous confection known as the Kinder Surprise or Kinder Egg, a toy-filled chocolate that is touted as the single largest children’s candy category in the world. The treat is manufactured by the Italian company Ferrero and has risen to nearly cult status in certain countries. Kinder Eggs are … Continue Reading
In May 2012, the Canadian Food Inspection Agency (CFIA) published a report called The Improved Food Inspection Model: The Case for Change which outlined the agency’s current approach to food inspection, the context for a new food inspection approach, and the proposed components of an improved food inspection model. The report explains that when CFIA was first established … Continue Reading
I attended the American Cheese Society conference in Montreal earlier in the month. The conference was attended by cheese producers and suppliers from around the world. At the conference I presented a PowerPoint on Food Safety Modernization Act (FSMA) . There were several talks on Food Safety and clearly, the industry is concerned about the new provisions where cheese in … Continue Reading
By Guest Bloggers Tyler Anderson and Stephanie Meier On November 13, the FDA notified nearly 30 manufacturers of caffeinated alcoholic beverages that the agency intends to look into the safety and legality of their products. As the FDA explained in a news release announcing this action, under the Federal Food, Drug, and Cosmetic Act any … Continue Reading
