If there’s one thing common across manufacturing industries that companies can agree on, they hate recalls.
There are so many internal quality, external market and unexpected supplier factors that can lead to the very difficult decision to pull back product from the market, or worse yet be told by the FDA to do so. A product recall is potentially the most risk-laden situation a company can face. At worst, recalled products are linked to injuries, illnesses and even deaths. For manufacturers, recalls batter brand reputations, bottom lines and share prices.
Yet businesses can often underestimate the impact of a recall, the negative effect it can have, and the great amount of money and resources needed to manage it. It’s backbreakingly hard work. So how do you avoid such a costly and disruptive situation within your own company? Knowledge is power. We will take a closer look at the latest FDA guidance and trends regarding these sometimes avoidable situations and review some of the best practices to help manage them.
- Background on the latest FDA position and expectations for Recalls, Market Withdrawals and Safety Alerts
- Latest product correction trends and where most issues are occurring
- Future product recall complexity with the development of new technology (cyber risk, nanotechnology, 3D printing, etc.)
- Steps to ensure your procedures and processes contain the critical “gates” to help mitigate issues prior to distribution
- Why the post-recall management strategy is so critical for quick recovery