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In a research brief defining “5 trends for 2023,” the IBM Institute for Business Value reports, “In 2023, rapid response is the new baseline. They are highly configurable, allowing you to define and detect scenarios unique to your business operations. Uncertainty is expected and complexity is compounding.
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In 2023 alone, the United States reported 3,300 recalls across various industries, including automotive, food, medical, and consumer goods. To address the multifaceted challenges of product recalls, companies must adopt a co-sourcing approach that integrates expert recall management with tailored, end-to-end solutions.
By working with a strategic co-sourcing partner , companies can mitigate risks, protect their reputation, and maintain operational continuity. This closely matches the 2,459 recalls in the same period of 2023. This ensures streamlinedoperations, revenue protection, and enhanced efficiency.
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