77% of Americans have questioned the quality or safety of medical products.
We surveyed more than 1,000 U.S. consumers to learn how they react to product recalls from life sciences companies. This report helps you understand how recalls can affect your brand and your trust among consumers. Download the report and discover:
Because product recalls can have severe consequences, recall management capabilities are crucial for life sciences companies to have. Potential outcomes of recalls include:
Regulatory fines and penalties: Noncompliance with regulators’ recall actions can lead to substantial financial penalties and put a company's future in jeopardy.
Damage to brand: Recalls can erode consumer trust and hurt a brand's reputation.
Public health risks: Defective products can pose serious health risks to patients.
Effective recall management strategies are essential for mitigating these risks and protecting public safety. By implementing robust recall systems and procedures, life sciences companies can respond to recalls promptly and effectively, minimizing damage to their brand and ensuring consumer and patient safety.
Implement robust quality control processes and risk management strategies to minimize the likelihood of recalls.
Develop a comprehensive, transparent recall plan that includes swift communication, effective product removal actions, and remediation efforts.
Stay informed about relevant regulations and ensure compliance to avoid penalties and protect public health.
Invest in product recall management software to streamline processes, track recall activities, and improve response times.
Download this report for actionable insights on product recall management and FDA compliance.
Get the Report NowStreamline processes, improve efficiency, and mitigate risks with a robust quality management system.
Accurately trace products throughout the supply chain to identify affected batches and facilitate efficient recall execution.
Capture and document all relevant information related to product recalls, including root causes, corrective actions, and regulatory reporting requirements.
Maintain compliance with FDA and other regulatory standards for product recalls, including documentation, notification, and remediation procedures.
Proactively identify potential risks and implement preventive measures to reduce the likelihood of product recalls.