Product Recall


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Product Recall

A request by a company for customers to return their products, often for a replacement or some other compensation. A product recall may be voluntary or mandated by a government. Recalls may occur if a product is found to be defective or dangerous.
References in periodicals archive ?
The flat-pack furniture giant, which also has a popular food hall, has issued a product recall notice for their GODIS PASKKYCKLING marshmallows - which are Easter-themed sweets aimed at children.
Allianz Global Corporate & Specialty (AGCS), part of Allianz Group, is to take over the renewal portfolio of Liberty Mutual Insurance Co's US product recall and special contingency business.
Consumer product recall - Guidelines for suppliers.
The analysis by AGCS, Product Recall: Managing The Impact of the New Risk Landscape, found that "defective product-related risk is the single largest driver of liability claims" with losses from product recalls being the greatest contributor to the cost.
History's most famous product recall cases feature well-known brands such as Tylenol, Vioxx, Toyota, Boeing, Dell and Mattel, and involved hundreds of millions of dollars in associated costs.
Millions of Brits are waiting up to a year for engineers to repair devices as the firm refuses to issue a full product recall.
It is also helpful for companies to work out a strategy to ensure that a product recall is both effective and efficient.
POUNDWORLD has issued a product recall on a Halloween hair extension line due to safety concerns.
Because a recall can potentially threaten a company's reputation, and in severe cases its very existence, every company selling products should anticipate and plan for a product recall.
Oddy says the combination of the FSMA, increased recalls and the potential for criminal charges brought against executives--if it's found they knew their companies were disseminating contaminated products--has created a surge in demand for Product Recall cover.
One especially damaging and increasingly frequent type of disruption occurs when tainted products are discovered and need to be removed from circulation--this process is formally known as a product recall (1) (Roth, Tsay, Pullman & Gray, 2008).
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