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Product recalls can be one of the most costly and challenging events for any business. The Victual White Paper, Turning Crises into Opportunities – the effective management of food recalls, outlines the significant challenges manufacturers and retailers face when dealing with product recalls, including:
- The complexities of a product recall and the level of expertise required
- The impact recall management can have on company stock prices
- The risks companies face during the recall process
The Victual white paper illustrates how the implementation of a pre- and post- incident recall strategy and adequate insurance can turn a crisis into an opportunity.
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