The automotive industry is shifting towards globalized platforms and standardised vehicle architectures. While this streamlines production, a single flawed part will result in broader, more detrimental effects to the supply chain. A reliable Traceability system can minimise these problems.
In 2014, 19 different automakers conducted what NHTSA has called "the largest and most complex safety recall in U.S. history." to address defective air bag inflators made by Takata Corporation, costing them $1 billion.
In 2016 Volkswagen had to recall over 11 million cars worldwide due to a non-compliance emissions control system. This resulted in a $14.7 billion settlement.
It pays to have a comprehensive, easily accessible record of each part at every stage of production to minimise disruptions. Product recalls, if not handled efficiently can result in considerable losses to and irreparable brand damage.