Blog: What brokers need to know about product recall exposure for SMEs
CFC's Lucie Dean discusses what brokers can do to help their SME manufacturing clients.
If you search for a washing machine or dryer at the moment, you’ll be flooded with information about a recall of up to 519,000 units of various Whirlpool brands, which could potentially overheat or catch fire.
Whilst this is a significant event for Whirlpool, it is just one example of product recalls that occur in the global manufacturing industry on a daily basis – the true impacts of which can often be underestimated by the manufacturer with potentially devastating consequences.
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