Product Recall Management

Product Recall Management

by Sascha RaithelSetareh Heidari and Jan von Schlieben-Troschke
Epub (Kobo), Epub (Adobe)
Publication Date: 07/12/2024

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Product recalls affect thousands of products globally each year, impacting millions of customers and causing severe consequences for companies. For instance, Takata’s airbag recall cost $25 billion and led to bankruptcy. Similarly, a viral video showing a Kryptonite bike lock easily broken damaged customer trust significantly.


Effective recall management is crucial. It involves addressing supply chain, production, legal, and customer relationship aspects, with marketing playing a key role. A well-managed recall limits company damage and protects customers, while also considering investors, regulatory agencies, policymakers, and the public.


This book offers guidance on developing a recall strategy, communicating safety risks, and restoring trust post-crisis. It provides detailed recommendations for recall management across different phases, with insights into consumer goods, food, and automotive sectors, and shows the broader impact of product defects.


This book is a practical toolkit for managers, backed by current research and real-world case studies, ensuring effective navigation through product recalls.

ISBN:
9783658455873
9783658455873
Category:
Sales & marketing
Format:
Epub (Kobo), Epub (Adobe)
Publication Date:
07-12-2024
Language:
English
Publisher:
Springer Fachmedien Wiesbaden

This item is delivered digitally

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