About the Demo
Product removals, withdrawals and recalls continue to rise in number across the industry. And with them, so are technology-driven preventive methods, preparatory measures and risk mitigation strategies. As ARC Advisory Group writes, “Most companies are making targeted investments to both improve their internal controls to reduce the risk of product recalls and improve their ability to recall products, when necessary.”
As a food manufacturer or distributor, it’s crucial to develop strategies that enable you to respond to product removal events with immediacy, cost-effectiveness, and ease. This is especially important considering the average cost of a recall to a food company is $10 million in direct costs, not including brand damage and lost sales. In addition, consumers expect food companies to resolve recalls in one to two days – and 87% of consumers are more likely to purchase from companies that manage recalls honestly and responsibly.
Join FoodLogiQ for a live demo on Wednesday, February 24th at 2 pm to learn five key strategies for successfully executing product removals in minimal time and maximized savings.
Date: Wednesday, February 24th, 2021
Time: 2 PM ET / 11 AM PT
Topics to be discussed:
- Strategies for executing product removals in minimal time
- How to automate internal and external communication around product removal events
Preparatory methods that mitigate risk and reduce cost
How to utilize data to drive collaboration and gain visibility
- Ways to leverage new Recall + Response functionality to effectively and efficiently remove product across your supply chain
Can't make it for the live demo? Fill out the form to get a copy of the presentation after airing.