Product recalls can cause substantial risk to a company's reputation, particularly for food manufacturers. Food safety scares make national and international headlines, and a well-publicized incident can destroy the worth of a brand name in an instant.
There is a tangible financial impact as well, for product recalls can be very costly. If a company is subsequently found guilty of a health and safety breach, it can result in the imposition of significant fines. Having safe, best practice production processes in place at critical control points helps to avoid product recalls.
Learn about the reasons for recalls, the financial and reputational impact of recalls, and what companies can do to minimize their exposure to such risks.