The direct costs of recalling a product are often only a fraction of the true cost to the business. That’s why the protection options we provide goes well beyond meeting conventional recall charge.
Expert analysis, testing or inspection of the faulty product and the manufacturing facility usually precedes any decision to instigate a recall.
Announcement
Placing national, local and trade safety notices as part of a recall.
Reputation
Conducting an efficient recall is essential but the problems do not stop there. If faulty products reach the market place this could also result in ensuing damage to your reputation, the loyalty of your customers & the confidence of your investors.
Resources
Who pays for the extra staff and overtime required to provide customer helplines, receive and account for returned consignments of damaged product? And, who's running the business while everybody is busy with crisis management?
Retrieval
The speed at which affected goods can be traced, identified and recovered is critical to the overall success and damage limitation of a recall operation.
Disposal
Safely disposing of the damaged or contaminated goods. Certification of disposal may also be required, to prevent dangerous items resurfacing in the secondary market.
Cancellation
Cancellation fees for advertising, media or promotional schedules.
Repair & remediation
Finding out what caused the product fault (such as contaminated environment or the design specifications) then replacing, restoring or fixing the product.