Blog
Boards and Executives: Learn from Toyota
03-08-2010
Mike Rozembajgier
I recently shared some insights with corporate directors about how to effectively manage a recall – a topic far too often overlooked. But recent events surrounding the global Toyota recalls have brought the topic to the forefront of risk mitigation conversations among corporate executives and their boards.
03-08-2010
Mike Rozembajgier
I recently shared some insights with corporate directors about how to effectively manage a recall – a topic far too often overlooked. But recent events surrounding the global Toyota recalls have brought the topic to the forefront of risk mitigation conversations among corporate executives and their boards.
The CPSC’s Six Priorities for 2010
03-04-2010
Consumer Product Safety Commission (CPSC) Chairman Inez Tenenbaum recently said her agency has been able to bring parents and consumers a renewed confidence as they reach for toys on store shelves. To support her statement, Tenenbaum cited a significant decline in toy recalls in 2009 compared with 2008 and a large decrease in lead paint recalls as well during the same period. While staggering recall numbers may sound like good news, it would be risky to relax your recall planning efforts.
03-04-2010
Consumer Product Safety Commission (CPSC) Chairman Inez Tenenbaum recently said her agency has been able to bring parents and consumers a renewed confidence as they reach for toys on store shelves. To support her statement, Tenenbaum cited a significant decline in toy recalls in 2009 compared with 2008 and a large decrease in lead paint recalls as well during the same period. While staggering recall numbers may sound like good news, it would be risky to relax your recall planning efforts.
Retailers Taking Control of Recalls
03-03-2010
Brian Giannini
Retail chains are becoming more aggressive in their approach to handling recalls from their stores. As their retailers become more active in the recall process, manufacturers need to have a better understanding of exactly how retailers will operate and communicate when they have to execute a recall.
03-03-2010
Brian Giannini
Retail chains are becoming more aggressive in their approach to handling recalls from their stores. As their retailers become more active in the recall process, manufacturers need to have a better understanding of exactly how retailers will operate and communicate when they have to execute a recall.
Reverse Logistics and Recall Management
03-01-2010
Howard Aughinbaugh
We had the opportunity this week to help yet another client effectively manage a major recall. No matter how many times I see it, I’m still amazed at how quickly the 200,000 square feet of shelves in our returns facility can fill up. Millions of units poured into our warehouse from consumers, retailers, and distributors. Each unit was processed, recorded, and appropriately marked as having been permanently removed from the supply chain.
03-01-2010
Howard Aughinbaugh
We had the opportunity this week to help yet another client effectively manage a major recall. No matter how many times I see it, I’m still amazed at how quickly the 200,000 square feet of shelves in our returns facility can fill up. Millions of units poured into our warehouse from consumers, retailers, and distributors. Each unit was processed, recorded, and appropriately marked as having been permanently removed from the supply chain.
When Recalls Result in Criminal Investigations
02-24-2010
Mike Rozembajgier
In addition to critical public scrutiny, class action lawsuits, congressional hearings, and Securities and Exchange Commission (SEC) investigations, Toyota and its executives now face the very real possibility of federal fines and indictments. Just another example of the risks a company can face today for failing to adequately address consumer safety issues and effectively manage a product recall. Recall management and regulatory compliance are the responsibility of risk managers and executives.
02-24-2010
Mike Rozembajgier
In addition to critical public scrutiny, class action lawsuits, congressional hearings, and Securities and Exchange Commission (SEC) investigations, Toyota and its executives now face the very real possibility of federal fines and indictments. Just another example of the risks a company can face today for failing to adequately address consumer safety issues and effectively manage a product recall. Recall management and regulatory compliance are the responsibility of risk managers and executives.
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