“In May, the Brewers Association, the trade group based in Colorado, posted a blog article instructing brewers what to do with beer suffering negative effects of unexpected aging. The post warned craft brewers that “disposing of the beer may be the best decision, even if financially difficult” since selling beer with defects ‘can result in profound reputational risk’.”Marin Independent Journal
June 25, 2020
“Our reputation is more important than any potential future earnings…We’d rather sacrifice a little beer and start with a fresh batch.”
Click on Read More (below) for full text (no paywall).
Quality, safety, ethics, innovation, security and sustainability are 21st century reputation risks.
Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution.
What’s your strategy?