Veristar successfully completed a substantial regulatory risk management project on behalf of a Fortune 500 client.
After a significant merger, Veristar’s client, a Fortune 500 diversified manufacturer, was faced with the task of reviewing its consolidated product catalog to ensure clear consistency and proper classification of all its products.
During the six-month engagement that involved multiple client locations, Veristar experts performed an in-depth analysis that included evaluating every product to identify and analyze the potential risk associated with both the product’s classification and its labeling. The key objectives were to ensure clear and consistent product classification to prevent any potential misrepresentation or misunderstanding for each product’s use or application, and to ensure compliance with federal government standards. The review was exceptionally involved and required meticulous attention to detail.
Upon completion of the review, findings were reported to the client so steps could be taken to update any product classification or labeling where required. Because of the thoroughness and accuracy of the work delivered by Veristar, the client was pleased and felt confident its risk had been mitigated.