last product recall

“Product Recall.” Just these two words are enough to strike fear in the heart of a manufacturer.  As John Kern points out in his blog, The Internet of Everything Will Help Solve Problems That Lead To Recalls, “Product recalls can be a headache for customers and consumers, but a financial…

Product recalls can be a headache for customers and consumers, but a financial nightmare for manufacturers. Just look at the auto industry. An air-bag recall will cost one manufacture up to $235 million. While a gas pedal problem will hit another manufacture with upwards of $2 billion. Yes, billion.…

In our consumer-centric society, product recall announcements grab headlines and attention. As their costs continue to climb, enterprises have weathered recent recalls with record-breaking costs that have soared into the billions. Beyond the bottom-line, product recalls can also be costly to people’…