Product expiry

Legal and Regulatory Considerations for Product Expiry

1. Product labeling and packaging requirements
2. Consumer protection laws and liabilities
3. Environmental impact and disposal regulations
Legal regulations may require clear expiration dates and proper packaging to prevent product misuse and potential health risks.
Companies may be held liable for selling expired products, leading to potential legal action and damage to brand reputation.
Product expiry may lead to the disposal of unsold inventory, posing environmental concerns and requiring compliance with waste management laws

Best Practices for Handling Product Expiry

1
2
3
Proper inventory management
Regularly rotate stock to ensure older products are used first, and conduct routine checks to identify and remove expired items
Implementing automated alerts for expiring products
Setting up automated alerts in the tracking system can notify staff when products are nearing their expiry date, allowing for timely action to be taken
Training staff on proper product handling and rotation
Educating staff on the importance of proper product rotation and handling can help prevent expired products from being overlooked and ensure compliance with expiry tracking systems.

Consumer Perception of Product Expiry

Impact on purchasing decisions
Legal and ethical considerations
Environmental impact
Consumers may avoid expired products, impacting sales and brand trust. For example, a study found that 60% of consumers wouldn't buy food past its expiration date.
Companies must adhere to regulations regarding product expiration, or face potential legal consequences. For instance, selling expired medication can result in hefty fines and damage to a company's reputation.
Expired products contribute to waste and environmental pollution. For instance, expired cosmetics and pharmaceuticals can contaminate water systems if not disposed of properly.