Question

As an external stakeholder, do you think there is anything that Tiger Brands could have done in minimizing or eliminating the R700 million loss? Justify your response with relevant examples. (20 marks)

Answer 1

As an external stakeholder, it is difficult to say what Tiger Brands could have done to minimize or eliminate the R700 million loss. However, Tiger Brands could have taken steps to ensure that their products are safe for consumption and that their supply chain is secure. For example, they could have implemented more stringent quality control measures and conducted more frequent inspections of their facilities.

Step-by-step explanation:

Tiger Brands suffered a R647 million loss following a major recall of some of its canned products and an additional R100 million in stock loss due to unrest in parts of Gauteng and KwaZulu-Natal.

I hope this helps