Petco announced Monday that they would be removing all of the Chinese-made dog and cat treats from its website and stores nationwide. Since 2007, these treats have been causing a major concern amongst U.S. pet owners due to reports of illness and in some cases death. The FDA targeted the treats after receiving more than 4,800 complaints of pet illnesses including deaths, after pets ate chicken, duck, or sweet potato jerky treats from China. Click the link below to read the full story.
This article can relate to a few different risks that your captive can cover including Product Recall Expense, Supply Chain Interruption, and Reputational Risk. Call Oxford today to discuss what uninsured risks your company could be facing.