An Abundance of Caution
A recall is a way to address safety or other regulatory concerns with consumer products. All types of recalls can damage a company's finances and reputation, putting future sales and viability on question. FDA is involved in both voluntary and mandatory recalls, and its authority in this area has recently expanded. The agency offers guidance and other helpful information for companies involved in a recall, but experts in public relation, legal/regulatory and insurance can also provide tips and suggested that can help companies prepare, conduct and wrap up recalls while minimizing damage.