Recalls: A $10 million Reason for Supply Chain Integration
- August 31st, 2012
- By: Loraine Lawson
Need a justification for supply chain integration and automation? Here’s one: $10 million.
That’s how much the average product recall costs, according to a May 2010 Deloitte study performed for several food industry organizations.
“That cost alone is enough to bring a large public corporation to its knees, not to mention the unquantifiable effect on reputation,” states Tom Kozenski in a Supply Chain Digest column.