No more child’s play...
This
spells bad news with Mattel recalling about 1.5 million toys from the US market. So kids playing with their favourite characters of Sesame Street or Dora, need to return them! This is not the first time Mattel is recalling its products. In 1998, Mattel had recalled about 10 million of its Power Wheels. There were complains that these toys had the tendency to get overheated and thus cause fire. This time the reason is toxic lead that has been used by a certain Chinese contractor in the paint job. Hence, at a whopping price of $30 million, the toy maker is asking consumers to return back its Fisher–Price toys. The metal causes various health related problems in children and at times even severe ones like brain damage. The manufacturing phase of these lead infested toys was between April 19 & July 6 this year. The toys were sold between May & August 2007 and according to Mattel estimations, about 30% of the problem toys have already reached the shelves for sale. It is not only in the US that the toys have been sold in, but also Britain, Canada & Mexico. Mattel has now decided to test various other products which have come from China to make sure that they don’t have any hazardous property. This anomaly could well be termed as the side-effects of cost savings. There is no dearth of toys in the US which are ‘Made in China’, as China provides the desired cost savings for toy companies. However, the ripple effects of the undesired recall have reached China. Many Chinese labourers are losing their jobs, as the recall has hit the Chinese labour intensive toy industry hard.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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spells bad news with Mattel recalling about 1.5 million toys from the US market. So kids playing with their favourite characters of Sesame Street or Dora, need to return them! This is not the first time Mattel is recalling its products. In 1998, Mattel had recalled about 10 million of its Power Wheels. There were complains that these toys had the tendency to get overheated and thus cause fire. This time the reason is toxic lead that has been used by a certain Chinese contractor in the paint job. Hence, at a whopping price of $30 million, the toy maker is asking consumers to return back its Fisher–Price toys. The metal causes various health related problems in children and at times even severe ones like brain damage. The manufacturing phase of these lead infested toys was between April 19 & July 6 this year. The toys were sold between May & August 2007 and according to Mattel estimations, about 30% of the problem toys have already reached the shelves for sale. It is not only in the US that the toys have been sold in, but also Britain, Canada & Mexico. Mattel has now decided to test various other products which have come from China to make sure that they don’t have any hazardous property. This anomaly could well be termed as the side-effects of cost savings. There is no dearth of toys in the US which are ‘Made in China’, as China provides the desired cost savings for toy companies. However, the ripple effects of the undesired recall have reached China. Many Chinese labourers are losing their jobs, as the recall has hit the Chinese labour intensive toy industry hard.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Info, Visit Below....
IIPM Economy Review
ARINDAM CHAUDHURI’S 4 REASONS WHY YOU SHOULD CHOOS...IIPM :- Cicero's Challenge is going global
The Indian Institute of Planning and Management (I...
After CDMA, will nokia miss the 3G bus ?
Time for Awards at IIPM
STUDENTS AGAINST CORRUPTION & KICKBACKS : SACK
HRIC :- Human Resource Intelligence Cell
Heavy dut(t)y stress Sanjay Dutt Bollywood Actor
The Business of B-School Rankings & The Big Farce
36TH Full Time Programme In Planning & Entrepreneu...
Labels: Business and Economy, DR MALAY CHAUDHURI, IIPM, IIPM BEST MBA INSTITUTE, IIPM BUSINESS MANAGEMENT SCHOOL, Post Graduate Courses, Professor Arindam Chaudhuri, Renowned Management Guru and Economist
Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.
posted by Surender @ 3:45 PM
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