5.edited (6).edited (1)

docx

School

LICCS Group of Colleges, Layyah *

*We aren’t endorsed by this school

Course

222

Subject

Economics

Date

Nov 24, 2024

Type

docx

Pages

Uploaded by CaptainSnow797

Tylenol Recall Student’s Name Course Professor’s Name Institution Date

Tylenol Recall Companies and organizations frequently experience crises as a result of carelessness or miscalculation. Tylenol is a well-known over-the-counter painkiller that is used globally. However, a crisis changed how product security and safety were viewed as a whole. Before the crisis, this analgesic held a 37 percent market share, fostering the growth and development of the world economy ( Rockoff & Loftus, 2021) . The company has seen some setbacks during its existence, including the recall of some of its products owing to contamination. The paper focuses on one of the earlier Tylenol recalls and looks at how it raised safety standards in the sector. It also focuses on the background and development of the legal system that governs medical packaging. Tylenol Recall In 1982, Tylenol's parent company, Johnson & Johnson, encountered a serious crisis. This resulted in several people in Chicago dying after taking Tylenol capsules laced with cyanide. Thirty-one million bottles of Tylenol were recalled as a result of the incident, at a cost to the corporation of almost $100 million (Argenti, 2020). The public was first made aware of the risks of taking Tylenol by Johnson & Johnson and the media. The announcement caused widespread dread and concern among the populace, which was a significant turning point for the business. The recall highlighted the importance of product safety and security despite being a significant setback for the company. Evolvement of Medical Packaging Johnson & Johnson promptly implemented tamper-resistant packaging for all its products in response to the problem. This included introducing tamper-evident seals, which made it easy

to detect if the packaging had been opened or tampered with ( Rockoff & Loftus 2021) . The debut of this packaging established a new benchmark for the pharmaceutical sector, and other businesses quickly followed suit. The medical packaging sector has developed tremendously since the Tylenol recall in 1982. All over-the-counter and prescription pharmaceuticals now come in tamper-evident packaging as a standard feature (Argenti, 2020). The Food and Drug Administration (FDA) also establishes tough rules and guidelines to promote consumer safety. The Poison Prevention Packaging Act of 1970 is one such legislation that mandates that all pharmaceuticals and household items be packed in child-resistant cans. The medical packaging sector has not been an exception to the growing trend toward sustainable packaging in recent years. Currently, businesses are concentrating on minimizing the environmental effects of their packaging while maintaining the quality of their goods. Smart packaging, which can deliver real- time information on the product, such as its expiration date and usage instructions, has been made possible due to technological improvements. Other Recalls Several major recalls involving medical packaging have resulted in the recent past. Over $135 million bottles of Tylenol, Motrin, and other pharmaceuticals were recalled in 2010 by McNeil Consumer Healthcare, a Johnson & Johnson subsidiary, because of problems with quality control. The incident brought attention to the necessity of upholding strict quality control standards and prompted many improvements in the sector. In conclusion, the 1982 Tylenol recall was a noteworthy occurrence that underlined the importance of preserving product safety and security. Some significant advancements in medical packaging, like tamper-evident packaging and child-resistant packaging, were made as a result of the crisis. These innovations have considerably improved the safety of over-the-counter

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

medications and established standards for the sector to safeguard consumers from harm. As the sector develops and changes, it is crucial to maintain strict quality control and safety requirements.

References Argenti, P. A. (2020). Communicating through the coronavirus crisis. Harvard Business Review , 13 . Rockoff, J. D., & Loftus, P. (2021). Johnson & Johnson to Split Consumer From Pharmaceutical, Medical-Device Businesses, Creating Two Companies; Consumer business—home to Band-Aid and Tylenol—will be shed within 24 months. The Wall Street Journal. Eastern Edition

Related Documents

Final Milestone-42.pdf

Q3-4.docx

PATSON DAKA-D21040.pdf

C2D09156-676D-44D9-9DF8-8B181D40F72E.png

Screenshot 2024-01-16 100036.jpg

The economy of scale and scope were two critical notions discussed in this week.docx

Screenshot_20231207-143934_Chrome.jpg

UK and EU Announce Post Brexit Deal.edited.docx

Copy of AP Macro Problem Set 5.pdf

Screen Shot 2023-11-27 at 8.53.05 AM.png

Which of the following is a class of worker that may receive an hourly rate below the federal minimu

Screen Shot 2023-11-27 at 8.53.02 AM.png

Recommended textbooks for you

Economics (MindTap Course List)

Economics

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Cengage Learning

Microeconomics

Economics

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Cengage Learning

EBK HEALTH ECONOMICS AND POLICY

Economics

ISBN:9781337668279

Author:Henderson

Publisher:YUZU

Exploring Economics

Economics

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:SAGE Publications, Inc

Managerial Economics: Applications, Strategies an...

Economics

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:Cengage Learning

SEE MORE TEXTBOOKS

Recommended textbooks for you

Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
EBK HEALTH ECONOMICS AND POLICY
Economics
ISBN:9781337668279
Author:Henderson
Publisher:YUZU
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning