Archive for the ‘Recall Statistics & Research’ Category
Unsafe Halloween Products a Global Concern
With October 31st quickly approaching, concern over the safety of Halloween products grows. Over the past 10 years, the majority of Halloween-related product recalls have occurred in October, which seems to suggest that hazardous products are pulled quickly, as soon as they hit the shelves. However, taking a closer look, we note that recalled Halloween [...]
WeMakeItSafer Releases Consumer Product Recall Data to the Public
New, interactive charts answer questions on everything from number of children’s product recalls to total retail value of products recalled in a given year. Oakland, CA (PRWEB) October 20, 2011 WeMakeItSafer, Inc. announced the availability of data on US consumer product recalls issued by the Consumer Product Safety Commission (CPSC) from 1999 through September 2011. [...]
How Many Pacifier Recalls?
There have been relatively few pacifiers recalled over the past several years, approximately 21 since 2003. While that may seem like a lot, considering the pacifiers’ frequency of use and intimate contact with the youngest of babies, along with the fact that there have been more than 1,100 recalls of children’s products over the same [...]
A New Era for Product Recalls. Or is it?
When the Consumer Product Safety Improvement Act (CPSIA) was passed in 2008, we predicted that the more stringent safety requirements would result in a higher number of product recalls. Were we wrong? Consumer product recalls in the United States have steadily increased over the past twelve years with nearly 400 recalls announced in 2010 versus [...]
Overpublicizing Product Recalls Hurts Consumers
It’s a bold statement that needs some qualifying, but the evidence is mounting – over-coverage of product recalls may damage recall effectiveness, putting consumers at greater risk for injury. It is a problem referred to as “recall fatigue,” and it occurs when a consumer quite literally gets tired of hearing about recalls. With the passing [...]
WeMakeItSafer Releases Consumer Product Recall Statisitcs
Whether you are trying to assess recall risk, identify important market segments or calculating the impact of recalls on businesses, this data will be crucial to your successful navigation of the recall landscape.
WeMakeItSafer.com is LIVE!
Tell all your friends – especially those with kids at home or those with senior family members living alone – to stop by http://WeMakeItSafer.com and peruse our simpler than ever recalled-product gallery to make sure there aren’t any items in their homes with safety defects. Unfortunately, nearly everyone owns dangerous, recalled products without knowing it.
And, don’t forget – never buy or sell another secondhand item without running a search at WeMakeItSafer first.
Company Costs of a Product Recall: Incentives to Fix or Ignore Recall Effectiveness Problems (Summary)
When I speak with consumers about possible ways to make locating recalled products easier for manufacturers, many balk at the idea, positing that companies would never have any incentive to improve recall effectiveness. For these individuals, the belief is that companies would rather not do everything possible to locate and retrieve defective products in order [...]
The Effect of Product Recalls on Stock Performance (Summary)
In my paper, The Effect of Product Recall on Stock Performance, I discuss findings with regard to how much a company’s stock price changes with the announcement of a product recall. I also discuss studies that show how negative impacts can be mitigated. The full text of the post can be found by clicking the [...]
Company Costs of a Product Recall: Incentives to Fix or Ignore Recall Effectiveness Problems (Full Post)
There are numerous costs involved in conducting a product recall. Many of these costs vary greatly depending on factors such as the type of product being recalled, the cost and price-point of the product, the number of units recalled, the geographic location of the companies involved and even the demographics of the end-user. This article [...]
The Effect of Product Recalls on Stock Performance (Full Post)
A 2005 statistical study published in the Quarterly Journal of Business and Economics analyzed the security prices of non-automotive recalls following the announcement of the product recall in the Wall Street Journal (WSJ).[1] [2] The study looked at a sample of 269 product recalls from 1984 through 2003 and reported the mean abnormal returns (MAR) [...]
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