Appropriately Reduce (Risk)

Appropriately reducing risk refers to the intentional and strategic measures taken by manufacturers and regulatory authorities to minimize potential risks associated with a product or process to an acceptable level without compromising its overall benefit-risk ratio. This risk reduction approach aims to strike a balance between mitigating potential hazards and maintaining the benefits provided by the product or process.

When assessing risk, it is essential to consider the nature of the product or activity, the potential hazards or adverse events it may pose, and the likelihood and severity of those risks. Manufacturers and regulatory authorities collaborate to determine the most appropriate risk reduction strategies that align with regulatory requirements and industry best practices.

By appropriately reducing risk, manufacturers and regulatory authorities strive to enhance the safety and reliability of products and activities while still providing valuable benefits to users and stakeholders. This approach helps build trust in the quality and safety of products and contributes to the overall well-being of consumers and the environment.