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Edmonton’s Leading Results-Focused Marketing Agency, FKA, Ranks 150 on the 2018 Growth 500

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Canadian Business and Macleans today ranked the FKA agency No. 150 on the 30th annual Growth 500, which ranks Canadian businesses on five-year revenue growth. FKA made the 2018 Growth 500 list with incredible revenue growth of 571 per cent since 2013. This is the third major milestone this year for FKA, one of Edmontons largest marketing and communications agencies. The agency also celebrated its 10-year anniversary in August, and underwent a name change and rebrand in March.

The companies on the 2018 Growth 500 are truly remarkable. Demonstrating foresight, innovation and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today, says Deborah Aarts, Growth 500 program manager. As we celebrate 30 years of the Canadas Fastest-Growing Companies program, its encouraging to see that entrepreneurship is healthier than ever in this country.

Since launching in Edmonton in 2008 as a one-person consultancy known as Starburst Creative, the company has grown to a team of 25 with offices in Edmonton and Toronto. Earlier this year, the company changed its name to FKA, which stands for Formerly Known As but is also rooted in the company culture: Fun, Knowledge and Ambition.

Were honoured to be ranked No. 150 on the 2018 Growth 500 list, and I extend our congratulations to all of the companies listed, says Rob Jennings, president of FKA. Our success has been driven by the results-based work we do for our clients, which include some of Canadas largest national companies that are notably headquartered here in Edmonton like us. This is a hard working, ambitious city with an entrepreneurial spirit.

Growth 500 winners are profiled in a special print issue of Canadian Business published with Macleans magazine and online at CanadianBusiness.com and Growth500.ca.

About FKA

Founded in 2008 as Starburst Advertising Inc., FKA is Edmontons leading results-focused marketing and communications agency. With offices in Edmonton and Toronto, FKA provides branding, advertising and interactive services to local- and national-level clients like All Weather Windows, The Brick, Canadian Western Bank, the Christmas Bureau of Edmonton and the Edmonton International Film Festival.

About the Growth 500

For 30 years, the Growth 500 has been Canadas most respectable and influential ranking of entrepreneurial achievement. Ranking Canadas Fastest-Growing Companies by five-year revenue growth, the Growth 500formerly known as the PROFIT 500profiles the countrys most successful growing businesses. The Growth 500 is produced by Canadian Business. Winners are profiled in a special Growth 500 print issue of Canadian Business (packaged with the October issue of Macleans magazine) and online at Growth500.ca and CanadianBusiness.com. For more information on the ranking, visit Growth500.ca.

About Canadian Business

Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.

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Allianz Risk Barometer 2021: Covid-19 trio tops global and Asia Pacific business risks

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  • 10th Allianz survey: Business interruption, Pandemic outbreak and Cyber incidents are the top three global business risks for 2021 — all strongly interlinked.
  • Globally, Pandemic outbreak rockets to #2 from #17 and is seen as main cause of business interruption in 2021, followed by Cyber incidents. Companies look to de-risk supply chains and boost business continuity management for extreme events.
  • In Asia Pacific, the top three risks are mirrored although Business interruption swaps places with Cyber incidents, which ranks #1 for the second consecutive year.
  • Market developments (#4), Macroeconomic developments (#8) and Political violence (#10) are all rising global risks. Socioeconomic consequences of the pandemic will bring more insolvencies and likely fuel further civil unrest in 2021. Climate change falls to #9 globally but will be back on the board agenda as a priority in 2021.

JOHANNESBURG/LONDON/MUNICH/NEW YORK/PARIS/SAO PAULO/SINGAPORE – Media OutReach – 19 January 2021 – A trio of Covid-19 related risks heads up the 10thAllianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic. Business interruption (#1 with 41% responses) and Pandemic outbreak (#2 with 40%) are this year’s top global business risks with Cyber incidents (#3 with 40%) ranking a close third. The annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS) incorporates the views of 2,769 experts in 92 countries and territories, including CEOs, risk managers, brokers and insurance experts.

 

“The Allianz Risk Barometer 2021 is clearly dominated by the Covid-19 trio of risks. Business interruption, pandemic and cyber are strongly interlinked, demonstrating the growing vulnerabilities of our highly globalized and connected world,” says Joachim Müller, CEO of AGCS. “The coronavirus pandemic is a reminder that risk management and business continuity management need to further evolve in order to help businesses prepare for, and survive, extreme events. While the pandemic continues to have a firm grip on countries around the world, we also have to ready ourselves for more frequent extreme scenarios, such as a global-scale cloud outage or cyber-attack, natural disasters driven by climate change or even another disease outbreak.”

 

The Covid-19 crisis continues to represent an immediate threat to both individual safety and businesses, reflecting why pandemic outbreak has rocketed 15 positions up to #2 in the global rankings at the expense of other risks. Prior to 2021, it had never finished higher than #16 in 10 years of the Allianz Risk Barometer, a clearly underestimated risk. However, in 2021, it’s the number one risk in 16 countries and among the three biggest risks across all continents and in 35 out of the 38 countries which qualify for a top 10 risks analysis. Japan, South Korea and Ghana are the only exceptions.

 

Market developments (#4 with 19%) also climbs up the global rankings of the Allianz Risk Barometer 2021, reflecting the risk of rising insolvency rates following the pandemic. According to Euler Hermes, the bulk of insolvencies will come in 2021. The trade credit insurer’s global insolvency index is expected to hit a record high for bankruptcies, up 35% by the end of 2021, with top increases expected in the US, Brazil, China and core European countries. Further, Covid-19 will likely spark a period of innovation and market disruption, accelerating the adoption of technology, hastening the demise of incumbents and traditional sectors and giving rise to new competitors. Other risers include Macroeconomic developments (#8 with 13%) and Political risks and violence (#10 with 11%) which are, in large part, a consequence of the coronavirus outbreak, too. Fallers in this year’s global rankings include Changes in legislation and regulation (#5 with 19%), Natural catastrophes (#6 with 17%), Fire/explosion (#7 with 16%), and Climate change (#9 with 13%), all clearly superseded by pandemic concerns.

 

Top Asia Pacific Risks

Similar to the global results, Cyber incidents (#1 with 41% responses), Pandemic outbreak (#2 with 39%) and Business interruption (#3 with 38%) skyrocketed to the top three business risks in Asia Pacific followed by Natural catastrophes (#4 with 27% ) rounding out the key issues in the region.

 

As expected, Changes in legislation and regulation (#5 with 22%) also kept its place amongst the top five Asia Pacific risks in 2021 for the third consecutive year. This was largely due to the several elections and change in leaderships that took place across the region in Singapore, Taiwan, Indonesia, South Korea and Malaysia, as well as the broader implications on supply chains as a result of China’s trade wars and greater uncertainty brought on by governments introducing tough lock down measures.

 

Commenting on the Asia Pacific results Mark Mitchell, AGCS APAC Managing Director, said: “Companies and even entire sectors, have suffered large business interruption events as a result of the pandemic of 2020 and it’s the largest catastrophic event to hit a modern, globalised and interconnected economy. The Pandemic has demonstrated just how vulnerable the world and businesses have become to unpredictable multi-country events and this has forever changed the risk landscape for clients and society more generally.

 

The COVID-19 pandemic has not only changed our society, but has also fundamentally changed the way businesses operate, especially the acceleration towards greater digitalisation driven by more companies working remotely. Our hope is that businesses and clients can learn from their experiences in 2020 and make sure they have in place measures which will reduce the impact of similar events in the future.”

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Pandemic drives disruption — now and in future

Prior to the Covid-19 outbreak, Business interruption (BI) had already finished at the top of the global rankings of the Allianz Risk Barometer seven times and it returns to the top spot after being replaced by cyber incidents in 2020. The pandemic shows that extreme global-scale BI events are not just theoretical, but a real possibility, causing loss of revenues and disruption to production, operations and supply chains. 59% of respondents highlight the pandemic as the main cause of BI in 2021, followed by Cyber incidents (46%) and Natural catastrophes and Fire and explosion (around 30% each).

The pandemic is adding to the growing list of non-physical damage BI scenarios such as cyber or power blackouts. “The consequences of the pandemic — wider digitalization, more remote working and the growing reliance on technology of businesses and societies — will likely heighten BI risks in coming years,” explains Philip Beblo, expert in AGCS’s global Property underwriting team. “However, traditional physical risks will not disappear and must remain on the risk management agenda. Natural catastrophes, extreme weather or fire remain the main causes of BI for many industries and we continue to see a trend for larger losses over time.”

In response to heightened BI vulnerabilities, many companies are aiming to build more resilient operations and to de-risk their supply chains. According to Allianz Risk Barometer respondents, improving business continuity management is the main action companies are taking (62%), followed by developing alternative or multiple suppliers (45%), investing in digital supply chains (32%) and improved supplier selection and auditing (31%). According to AGCS experts, many companies found their plans where quickly overwhelmed by the pace of the pandemic. Business continuity planning needs to become more holistic, cross-functional, and dynamic, monitor and measure emerging or extreme loss scenarios, be constantly updated and tested and embedded into an organization’s strategy.

Cyber perils intensify

Cyber incidents may have slipped to #3 globally, in Asia Pacific it ranks #1 for the second consecutive year. Elsewhere in the world, it still ranks as a top three risk in many countries, including Brazil, France, Germany, India, Italy, Japan, South Africa, Spain, UK and the US. The acceleration towards greater digitalization and remote working driven by the pandemic is also further intensifying IT vulnerabilities. At the peak of the first wave of lockdowns in April 2020, the FBI reported a 300% increase in incidents alone, while cyber crime is now estimated to cost the global economy over $1trn, up 50% from two years ago. Already high in frequency, ransomware incidents are becoming more damaging, increasingly targeting large companies with sophisticated attacks and hefty extortion demands, as highlighted in the recent AGCS cyber risk trends report

“Covid-19 has shown how quickly cybercriminals are able to adapt and the digitalization surge driven by the pandemic has created opportunities for intrusions with new cyber loss scenarios constantly emerging,” says Catharina Richter, Global Head of the Allianz Cyber Center of Competence at AGCS. “Attackers are innovating using automated scanning to identify security gaps, attacking poorly secured routers or even using ‘deepfakes’ — realistic media content modified or falsified by artificial intelligence. At the same time, data protection and privacy regulation and fines for data breaches continue their upward trend.”

Risers and fallers

Macroeconomic developments is up to #8 globally and Political risks and violence (#10) returns to the global top 10 for the first time since 2018, reflecting the fact that civil unrest, protests and riots now challenge terrorism as the main exposure for companies. The number, scale and duration of many recent events, including Black Lives Matter protests, anti-lockdown demonstrations, Hong Kong riots and unrest around the US presidential election, have been exceptional. As the socioeconomic fallout from Covid-19 mounts, further political and social unrest is likely, with many countries expected to experience an increase in activity in 2021 and beyond, particularly in Europe and the Americas.

Changes in legislation and regulation drops from the Global ranking from #3 to #5 year-on-year. “The pandemic may have caused some delays of the regulatory train, but it did not stop or even derail it. Quite the opposite, 2021 promises to become a very busy year in terms of new legislation and regulation, particularly in the areas of data and sustainability,” predicts Ludovic Subran, Chief Economist at Allianz. Natural catastrophes falls to #6 from #4 in the global rankings, reflecting the fact that although aggregated losses from multiple smaller events such as wildfires or tornadoes still led to widespread devastation and considerable insured losses in 2020, it was also the third consecutive year without a single large event, such as Hurricane Harvey in 2017.

Climate change also falls to #9 globally. However, the need to combat climate change remains as high as ever, given 2020 was the joint hottest year ever recorded. “With the vaccination campaign coming into effect, climate change will be back on the board agenda as a priority in 2021,” says Michael Bruch, Global Head of ESG at AGCS. “Many companies need to adjust their business for a low-carbon world — and risk managers need to be at the forefront of this transition.”

More information on the findings of the Allianz Risk Barometer 2021 is available here:

About Allianz Global Corporate & Specialty SE

Allianz Global Corporate & Specialty (AGCS) SE is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.


Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.


Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,450 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.


www.agcs.allianz.com

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Twitter: [View Image]@AGCS_Insurance

Cautionary Note Regarding Forward-Looking Statements

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words “may”, “will”, “should”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, or “continue” and similar expressions identify forward-looking statements.


Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group’s core business and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events (iii) the frequency and severity of insured loss events, including from natural catastrophes and including the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the Euro/U.S. Dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, including monetary convergence and the European Monetary Union, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures, and (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.


The matters discussed herein may also be affected by risks and uncertainties described from time to time in Allianz SE’s filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statement.

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Johnson Electric reports Business and Unaudited Financial Information for the Third Quarter of Financial Year 2020/21

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HONG KONG SAR – Media OutReach – 14 January 2021 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the three months and the nine months ended 31 December 2020.

 

The Board of Directors (the “Board”) of the Company considers the publication of quarterly sales performance updates to be consistent with international corporate disclosure best practice. The objective of this news release is to provide transparency and to ensure that investors and potential investors receive equal access to the same information at the same time.

 

The Group’s sales for the quarter ended 31 December 2020 were US$912 million compared to US$773 million for the same quarter in 2019, an increase of 18%. Excluding currency movements, sales increased by 15% to US$887 million. Foreign exchange rate movements had a positive effect of US$25 million on the Group’s sales for the quarter ended 31 December 2020. This was mainly due to the impact of the stronger average exchange rates for the Euro and Chinese Renminbi against the US Dollar, compared to the same quarter in 2019.

 

The recovery in sales experienced in the second quarter gathered momentum in the third quarter, partially mitigating the deep pandemic-driven decline experienced in the first quarter of the financial year. Overall, the Group recorded sales of US$2,242 million for the nine months ended 31 December 2020, compared to US$2,338 million for the same period in 2019, a decrease of 4%. Excluding currency movements, sales for the nine months ended 31 December 2020 decreased by 5%.

 

Sales of Automotive Products Group (“APG”)

APG’s sales for the quarter ended 31 December 2020 increased by US$107 million or 17% compared to the same quarter in 2019.  Excluding currency effects, APG’s sales increased by US$84 million or 13% in the quarter.

 

APG’s sales outperformed compared to automotive industry production volumes, in all regions, in both the nine months and the quarter ended 31 December 2020. Although the COVID-19 pandemic sharply reduced APG’s sales in April and May 2020, particularly in Europe and the Americas, the Group subsequently experienced a significant recovery in demand. The sales changes by region, excluding currency effects, were as follows:

 

 

Quarter ended
31 December 2020

Nine months ended
31 December 2020

Asia

increased 16%

increased 6%

Europe

increased 7%

decreased 20%

Americas

increased 17%

decreased 13%

Total

increased 13%

decreased 8%

 

Johnson Electric’s innovative technology and product portfolio remains well positioned to meet growing demand for the electrification of critical automotive functions to increase powertrain efficiency, reduce vehicle weight, improve safety, reliability and enhance comfort.

 

Sales of Industry Products Group (“IPG”)

IPG’s sales for the quarter ended 31 December 2020 increased by US$32 million or 21% compared to the same quarter in 2019. Excluding currency effects, IPG’s sales increased by US$29 million or 20% for the quarter.

 

IPG’s business and financial performance benefited significantly from changes in consumer behaviour and expenditure in response to the COVID-19 pandemic. As consumers in many countries were required to spend more time at home, the division experienced strong demand for products for food and beverage, floor care, home office printer, lawn and garden, window automation, power tool, sanitation and ventilation applications. The medical segment also experienced strong growth, driven by the long-term imperative to reduce the labour intensity of hospital procedures.

 

These positive demand dynamics were partly offset by the COVID-19 pandemic’s adverse impact on some specific customers and market segments. In Europe and the Americas, sales to many small and medium enterprises decreased as consumers switched to purchasing through the online sales channels of larger competitors. Commercial printers, metering, flexible printed products and switches segments were also slower than usual.

 

On a regional basis, IPG experienced the highest sales growth in Asia due in large part to the rapid recovery of China’s industrial sector and strong global demand for the country’s manufactured goods. In Europe and the Americas, the path to recovery in some segments has taken somewhat longer and in the US, in particular, IPG’s sales have been hampered by delays from port congestion as well as land and rail logistical bottlenecks. The sales changes by region, excluding currency effects, were as follows:

 

 

Quarter ended
31 December 2020

Nine months ended
31 December 2020

Asia

increased 35%

increased 18%

Europe

increased 22%

increased 6%

Americas

flat

decreased 3%

Total

increased 20%

increased 8%

 

Chairman’s Comments on Sales Performance and Outlook

Concerning the quarter ended 31 December 2020 sales performance, the Chairman and Chief Executive, Dr. Patrick Shui-Chung Wang, said, “The strong recovery in demand that we experienced during the second quarter continued in the third quarter — with sales levels in both APG and IPG running well ahead of the third quarter in the prior year.  Although there remains some uncertainty as to how the upsurge in COVID-19 in many Western countries could impact business activity and consumer confidence, the Group is presently on track to deliver full-year total sales close to the level achieved in the prior financial year.  This would represent a very satisfactory achievement given the fact that such a large portion of Johnson Electric’s operations was either shutdown or significantly constrained during the first two months of the current financial year.”

 

Cautionary Statement

Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group’s unaudited internal records and management accounts. This information has not been reviewed or audited by the Company’s auditors.

 

Shareholders and potential investors should exercise caution when dealing or investing in the shares of the Company.

About Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 35,000 individuals in 23 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: www.johnsonelectric.com.

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Global Industry Leaders Highlighted Food Safety Issues in Times of Pandemic at the 6th Food Safety Forum

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GS1 HK Launches Trusted FoodNet to Promote Information Visibility

 

HONG KONG SAR – Media OutReach – 15 January 2021 – The 6th Food Safety Forum organised by GS1 Hong Kong (GS1 HK) concluded its online live programme today. Themed “The Power for Food Safety”, the Forum aimed to explore ways to capitalise on innovation and technology and strengthen food safety. Dr Chui Tak-yi, Under Secretary for Food and Health, was invited as the Guest of Honour, whereas Hon Peter Shiu Ka-fai, Legislative Councilor and Deputy Chairman of Panel on Food Safety and Environmental Hygiene also participated as Award Presenter. Executives from Nestlé HK, HKTVmall, Ting Hsin International Group (Master Kong/康師傅), Sun Fat Heung (Top Soya/壹品豆品), and Global Food Safety Initiative (GFSI) shared their wisdom and opinion on the latest trends, new technological advancement and future development in food safety management.

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(Left, from left to right) Jessie Cheng, Director of Corporate Communications of HKTV Mall; May Chung, Chairperson of Hong Kong Food and Beverage Industry Advisory Board of GS1 HK, and General Manager of Nestlé Hong Kong Ltd.; Anna Lin, Chief Executive of GS1 HK; Jeff Law, Managing Director of Sun Fat Heung Food Products Ltd.
(Right, from top to bottom) Dr Chui Tak-yi, Under Secretary for Food and Health; Hon Peter Shiu Ka-fai, Legislative Councilor and Deputy Chairman of Panel on Food Safety and Environmental Hygiene; Dr Jason Liu, Food Safety & Care Office VP of Ting Hsin International Group & GFSI China Steering Committee Vice-chair.

The continuous spread of COVID-19 has triggered grave concerns on food safety, as Mainland China found positive coronavirus results on the frozen food and packaging imports in multiple occasions. In Hong Kong, the Centre of Food Safety had reported negative results on more than 1,000 food import samples by the end of 2020, local regulations also require food importers and distributors to maintain records of the movements of food to facilitate track-and-trace.

 

Delivering an opening address online, the Under Secretary for Food and Health, Dr Chui Tak-yi, said, “In a globalised economy with the food chain getting increasingly complex, similar to many other places, Hong Kong attaches great importance to food traceability. Legislation, technology, innovation and big data analysis provide immense possibilities for us to enhance our food monitoring capability and traceability, leading to safe food on the table. Staying ahead of the curve will be imperative to the food industry, especially when we anticipate more digital and traceable food system. (For the full opening speech please visit: https://youtu.be/7m2494GPm10)

As online shopping prevails, consumers’ demand for more transparent and reliable food information soars. To foster open information sharing among the F&B community, GS1 HK introduced Trusted FoodNet, an online platform where food suppliers’ and restaurants’ quality and safety certifications can be uploaded and displayed, for business buyers and consumers to access the information anywhere, anytime. More than 150 food products with different certificates are available on the platform so far, please visit https://trustedfoodnet.gs1hk.org/ to know more. 

 

Ms May Chung, Chairperson of Hong Kong Food and Beverage Industry Advisory Board of GS1 HK, and General Manager of Nestlé Hong Kong Ltd commended the effort, “With growing emphasis on food safety, we have been working closely with the F&B industry, leveraging innovation, technology and global standards to ensure food safety and build consumer trust. The ‘Trusted FoodNet’ initiative by GS1 HK has our full support, which I believe will enhance the transparency of our trade. I hope industry peers will join the platform to increase trust among stakeholders, and raise the bar for food safety together.”

 

Co-located with the Forum, the “Quality Food Traceability Scheme” award presentation ceremony was organised to mark the achievement of 20 food-related companies which demonstrated outstanding performance in food traceability. Hon Peter Shiu Ka-fai, Legislative Councilor and Deputy Chairman of Panel on Food Safety and Environmental Hygiene, attended the ceremony to present the awards. Please refer to the recognised companies list here: https://www.gs1hk.org/quality-food-scheme.

 

Ms Jessie Cheng, Director of Corporate Communications of HKTV Mall; Dr Jason Liu, Food Safety & Care Office VP of Ting Hsin International Group & GFSI China Steering Committee Vice-chair; Mr Jeff Law, Managing Director of Sun Fat Heung Food Products Ltd; and Mr Yves Rey, Independent Senior Advisor to Industry Leaders / Former Danone Corporate GM & GFSI Chairman all shared their hindsight and vision of the F&B development at the Forum.

 

Ms Anna Lin, Chief Executive of GS1 Hong Kong, appreciated their insights and underscored food safety as a shared responsibility. “Committed to promoting local food safety, GS1 HK will continue to connect with the industry, government, consumers and other stakeholders and foster more experience sharing and exchange on innovations and technologies. Together we will uplift the food safety standard and propel our industry growth.”

 

About GS1 Hong Kong

Founded by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong Kong (GS1 HK) is the local chapter of GS1®, which provides global supply chain standards (product identification key and barcode) and a full spectrum of standard-based platforms, solutions and services that support companies’ digitization to enhance supply chain transparency and efficiency, ensure product authenticity, and facilitate online and offline commerce.

 

Currently, GS1 HK has around 8,000 corporate members covering close to 20 industries including retail consumer goods, food and food services, healthcare, apparel, logistics as well as information and technology. By engaging with communities of trading partners, industry organisations, government, and technology providers, GS1 HK is fostering a collaborative ecosystem with the vision of “Smarter Business, Better Life”.

 

Headquartered in Brussels, Belgium, GS1® is a not-for-profit, standards organisation that has 115 national chapters serving 150 economies globally.

 

For more information about GS1 Hong Kong, please visit www.gs1hk.org.

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