In 2013, the horsemeat scandal rocked the nation, forcing widespread change inside the food industry. But has it been enough to stop another incident?
It was a scandal that rocked the food industry. The discovery of horsemeat in certain beef products in January 2013 caused a national outrage and led the national news agenda for weeks. Tesco, Asda, ABP Food Group and Findus were among those implicated in an adulteration scam that cost an estimated £850m due to recalls, lost sales, and tumbling share prices (Tesco’s market value alone fell £300m). But the fallout went beyond just the financial. Perhaps the highest cost of the horsemeat scandal was the breakdown of trust between brands and shoppers.
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