“Product recalls are becoming so expensive thanks to the new Product Safety Regulation that every single one could mean our bankruptcy!” – But is that really the case? Regulation (EU) 2023/988 has been in force since 06/2023 Regulation (EU) 2023/988 (“General Product Safety Regulation – “GSPR”) has been in force since 06/2023 and must be…
“Product recalls are becoming so expensive thanks to the new product safety regulation that each one could mean our bankruptcy!”
This assessment is currently increasingly encountered in exchanges with colleagues from the industry or in research on the Internet. But are the innovations of the Product Safety Regulation (EU) 2023/988 really so drastic?
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