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I was having a difficult time grasping this concept, after reading your post it made more sense to me. I agree with your steps in limiting liability exposure and the consequences should a company follow the steps you listed. I also have to agree with Ketty's points on higher costs due to the additional safeguards in place. However, if a company were to limit their liability while implementing your steps, I believe in addition to higher costs, it would result in higher cost to the consumer as well. With increased inspections, third party witnessing, delays in shipping times the US would then see a shortage in consumables/goods and expose us (consumer) to higher product fees (price gouging).
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