China scandal costs OSI Group hundreds of millions of dollars –website

U.S-based meat supplier OSI Group has lost hundreds of millions of dollars in revenue in the last four months due to last summer’s food safety scandal in China, according to an article posted on the company’s China website.

MW-CO437_china__20140727232405_MG-300x209The article offers the most detailed assessment to date of the damages OSI Group has suffered since its Shanghai Husi Food Co Ltd plant came under scrutiny in July when an undercover Chinese media report showed workers using out-of-date meat and doctoring production dates.

Operations at Shanghai Husi, which supplied meat to McDonald’s Corp and Yum Brands Inc, were suspended, and other OSI Group facilities in China have suffered from “plummeting product sales and increasing inventory overstocks,” according to the article.

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About Douglas Powell

A former professor of food safety and the publisher of, Powell is passionate about food, has five daughters, and is an OK goaltender in pickup hockey. Download Doug’s CV here. Dr. Douglas Powell editor, retired professor, food safety 3/289 Annerley Rd Annerley, Queensland 4103 61478222221 I am based in Brisbane, Australia, 15 hours ahead of Eastern Standard Time