The State of the Recall, By the Numbers
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A new study by RedPrairie provides 10 interesting figures on recalls today and how companies approach them, as well as how consumers react to recalls.
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This document provides a quick guide for e-notifications, outlining when they are suitable, timelines for setup, tips for success, and warning signs. E-notifications are suitable if a company needs to send important safety information to multiple locations, spends over $100k annually on notices, or has regulatory notification needs. Most programs can be set up within 3 weeks, with testing and deployment within 2-4 days once setup. Success is measured by high delivery and read rates. Tips include offering discounts, easy-to-read emails, and trusted templates. Warning signs of an unsuitable carrier include inability to guarantee delivery rates or lack of support for parallel notification methods.
Green Valley Sprout Recall
Green Valley expanded its December recall to include a total of 18 products that could be contaminated with Listeria.
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The State of the Recall, By the Numbers
- 1. THE STATE OF THE RECALL, BY THE NUMBERS. How todayโs manufacturers look at product safety and recalls, and how consumers react.
- 2. More than 1/2 of executives are concerned about their ability to isolate items in their supply chain.
- 3. Coordinating a recall is a concern for 70% of executives.
- 4. Only 51% of organizations are able to execute a recall within hours. The other 48% can do it in days or weeks.
- 5. Less than 20% have traceability solutions to help automate the tracking and recall processes.
- 6. 46% say their companies are struggling to stay compliant with regulations.
- 7. Almost 1/3 of executives were most concerned that their inability to trace items would have a negative impact on their company.
- 8. 86% of executives are worried about their ๏ฌnancial liability if something goes wrong with a recall.
- 9. The average cost of conducting a recall is $10 MILLION
- 10. 93% On the ๏ฌip side, of consumers think how a company handles a recall shows their thoughts on customer safety.
- 11. 87% of consumers are more likely to buy from companies that manage recalls โhonestly and openly.โ
- 12. WANT TO SEE MORE ON RECALLS? Visit our Blog Via RedPrairie, which surveyed supply chain and operations executives at โclose toโ 130 companies. Images by: Randall Barriga, P.J. Onori, รystein W. Arbo, Friedrich Santana, Connie Shu, Roger Cook, Don Shanosky, Sylvain Amatoury, Shreya Chakravarty, Brandon Hopkins
Editor's Notes
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