Accelerate Your Response to Quality Issues
Because a chain is as strong as its weakest link
Digital Product Passport
The Digital Product Passport (DPP) will have a significant impact on the insurance sector.
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Insurers can use the DPP to make better decisions about the products they insure and the way in which they insure them, which drives risk reduction and improves operations.
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Embedded insurance​
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Simplify claims
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Product insurance status
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Premium calculation
Product Liability
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.
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During a product recall, the speed and precision of multiple components identification will significantly influence the cost and extent of this operation.
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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”
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- Stewart Eaton, Head of Product Recall, AGCS -
