Accelerate Your Response to Quality Issues
Because a chain is as strong as its weakest link
Digital Product Passport
The EU's Digital Product Passport (DPP) is set to have a significant impact on the insurance industry.
Insurance companies can use DPP to make better decisions about the products they insure and how they insure it, which drives risk reduction and improves operations.
Product insurance status
While the benefits of outsourcing strategy are no longer in debate, the limitation caused by fragmented supply chain data visibility is steadily becoming a risky weakness.
During a product recall, the speed and precision of multiple components identification will significantly influence the cost and extent of this operation.
In its worst case, lawsuits, government sanctions, and investors’ confidence loss are just a few of many costly burdens to be carried over for a long period.
“How a recall is handled can impact the size of the recall but also the potential damage, including the potential for litigation, loss of customers and the impact on brand value and reputation”
- Stewart Eaton, Head of Product Recall, AGCS -