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AniketB replied to the topic Safety Recalls in the forum Introduction to Project Management 6 years, 2 months ago
I think if there is a problem with the labels stating useful information about the product then the product should be recalled as labels help in assisting the customer about the proper handling of the product as well as if the safety label information of the product is not in place then it needs to be recalled as the operator would not know how to handle it and could cause damage to either the operator or the patient and that would create a big issue as the reputation of the company would take a hit also the share cost would be affected thus, loss to the company. One such example where a company’s reputation was hit that is somewhat related to the topic is that of Johnson & Johnson’s talc powder where reports suggested that it contained asbestos which can cause cancer, the stock price of Johnson & Johnson tumbled by 10%, losing $40 billion of its market value.