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Risk Management in IoT: A Case Study of Chipotle
Chipotle, a renowned food industry innovator, faced a significant challenge when it experienced a series of salmonella outbreaks linked to food sold in its branches. The company's reputation for safe, sustainably grown food was severely damaged, leading to a 35% reduction in share prices since the end of October and a 30% drop in December sales in some locations. The situation was further complicated by a civil lawsuit alleging that Chipotle failed to disclose that its quality controls were inadequate to safeguard consumer and employee health. The company's failure to implement necessary risk management measures to support its innovative approach to fast food was identified as a key factor in these issues.
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