What does Quality in Consumer Products mean? Today, we’ll be talking through quality assurance on the podcast. For CP companies, determining the right level of regulatory compliance forces tough decisions in balancing the tightrope of efficiency vs. efficacy. While there is no singular answer for companies, a diverse strategy that accounts for different products, and varying requirements across those products, is critical to success. Further, the Consumer Products industry needs to shift away from what has traditionally been a reactive mindset and, in turn, identify ways in which they could be more proactive in their approach. Through this, we believe that there is true competitive advantage to be realized within the market, satisfying consumers’ desire for greater transparency and regulatory agencies’ need from greater compliance.
All of this said, I’m excited to welcome LaToya Lee and Meghan McCullough to this week’s Taking Stock. With Latoya’s focus on the Life Sciences industry and Meghan’s focus on Consumer Products, together they co-lead Clarkston’s Quality & Compliance practice. During our discussion, we address the topics outlined above with a focus on evaluating quality assurance vs, speed, segmenting your quality strategy across your portfolio and how to provide product transparency in light of increasing consumer demands.
You can download and listen to the Quality Assurance: Taking Stock with LaToya Lee and Meghan McCullough podcast episode here.
In this podcast series, Clarkston Consulting Partner Steve Rosenstock sits down with experts and thought leaders from both within Clarkston and throughout its consumer products and life sciences client-base, covering a range of topics from industry trends and consumer dynamics, to organizational governance and business strategy. Steve provides you access into the passions of its guests and allows you to benefit from their stories, knowledge, and deep expertise.