The manufacturing industry, stock market, and new product development have really taken off in the past four years, and there’s a lot of focus now on moving offshore manufacturing back into the United States. With all of this growth, it is also apparent that many manufacturing corporations are primarily focused on marketing their new products, increasing sales, and hopefully, ensuring their products are safe and will live up to expectation.
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But with all the records being set in the stock market and employment, record numbers of product recalls and product liability lawsuits are also happening. What further compounds that problem are executive management teams making assumptions that their employees know how to prevent product recalls and product liability lawsuits, that it’s basically “common sense.” This false perception has led to an ever-growing trend in product recalls, record-breaking numbers of product-liability lawsuits, and manufacturing corporations going bankrupt.
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