November 11, 2016
The largest expansion and overhaul of the U.S.’s food safety practices in nearly 80 years presents new challenges for food facilities occupiers. Cushman & Wakefield released a report designed to help those involved in the sector better understand sweeping FDA rules changes and how they impact CRE properties.
Key findings include:
- Fundamentally shifts the focus of food safety on preventing contaminated food products from reaching consumers, rather than reacting to limit impacts afterwards
- Gives comprehensive new regulatory and enforcement powers to FDA, and affects nearly every link in the food supply chain
Cushman & Wakefield’s Rick Ellison says “Changing regulations can be a challenge but it is imperative to stay ahead in the food and beverage industry. The idea behind the FSMA is to be able to track food though the entire delivery process from farm to consumer.”
The Irvine, CA-based SoCal market expert added, “The good news is the industry has known about the impending changes for some time, and many companies in the Greater Los Angeles Area and beyond have already begun to incorporate the new standard and are already in compliance. Many more businesses who have yet to comply should have a plan in place now.”
For comments, questions or concerns, please contact Dennis Kaiser