Tag: manufacturing

Product Recall Insurance vs. Product Liability Insurance

When a product recall occurs, the financial impact extends well beyond replacing or repairing a product. The costs of notifying customers, removing products from the market, managing operations, and protecting your company’s…

Managing Manufacturing Risks in a Changing Environment

Manufacturers today operate in a fast-moving business environment shaped by evolving customer expectations, technological advancements, supply chain challenges, and increasing regulatory requirements. Successfully navigating these changes requires more than reacting to problems…

Manufacturers are now hackers’ favorite targets

Manufacturing was the industry most targeted by hackers during 2021, accounting for 23.2% of incidents, according to IBM Security X-Force research. The sector edged out insurance and financial services by a slim margin. IBM…