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For product enquiry,
email or call for
further assistance.
info@resmal.com
+603 9284 6602 |
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How much would a product recall cost your business?
“According to a study released by the American Society for Quality (August 2003), each product recall costs an organization, on average, more than $8 million. This conservative estimate includes reimbursement expenses to consumers, recall execution costs, and compensatory damages from litigation. It does not include lost sales due to reduced marketplace credibility and lost market share.”
- Marsh’s Risk Consulting, USA
“Almost 60 separate recalls involving more than 100 different meals and products were issued by officials over the dye last year... Food standards inspectors issued 56 recalls for products ranging from tandoori paste to green chilli pickle… involves the biggest British recall of food and has cost the industry at least £100 million...”
- The Guardian, UK, February 27, 2005
“… Cadbury Schweppes to recall more than 1m of its chocolate bars would cost £20m and is also hitting sales, the group admitted today. …Cadbury's market share in the UK had fallen 1.1 percentage points over the past four weeks. Cadbury lost £5m of sales because of the recall, which cost £7m after insurance.”
- The Guardian, UK, August 2, 2006
RES’ manufacturing track and trace application helps organizations track manufacturing processes and materials across the supply chain. Identify your sources of raw materials and link them to production batches. Track your delivery to stores and distribution centers.
With RES’ track and trace system in place, you are able to quickly and efficiently issue targeted recalls to specific stores and distributors, often eliminating the need for a costly and damaging market-wide recall.
RES’ track and trace incorporates best-in-breed barcode and RFID technology with in-depth industry know-how. Data capture and tracking methodologies are configurable to suit the individual and unique needs of each and every manufacturing environment in industries ranging from food to electronics, healthcare to automotive.
Contact us today to understand how we can help you minimize your organisation’s potential product recall costs.

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