White Paper / Risk Management
Recall Matters Down the Supply Chain

While companies across a wide range of industries - food, motor, pharmaceutical and consumer goods - are increasingly aware of the financial and reputational cost of a product recall, many of their suppliers are not. The risks and costs are increasingly being pushed down the supply chain, but all too often those businesses that are maybe two or three steps away from the final product have no financial protection, especially for the downstream costs of customers.

This paper will look at cases of product recall where the problem has been caused by suppliers and the consequences faced in terms of cost to reputation and livelihood. Discussing what suppliers can do to protect themselves, it will examine what coverage is available in the market today, and what Lockton can offer.

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