In 2024, while the overall number of recall events has decreased, there has been a significant rise in defective units, pointing to increased regulatory scrutiny and presenting new challenges and risks for companies across diverse industries.
Tag: product recalls
New Report: 2022 Was A Record-breaking Year for U.S. Product Recalls
For the second consecutive year, more than 1 billion units of food, drugs, medical devices, automobiles, and consumer products were recalled in the Unites States.
Product Safety Recalls Rose by 33% in 2022: Report
The number of product recalls is at its highest since 2016, ranging from carbon-monoxide-emitting gas stoves to treadmills.
2022 On Track to Break Record for Most Product Recalls in One Year
According to the U.S. product recall index recently released by Sedgwick’s brand protection division, the number of recalled U.S. products this year has already surpassed 1 billion. Only two other years have seen more than a billion units recalled on record: 2018 and 2021. It took a full year to reach that point in those… Continue reading 2022 On Track to Break Record for Most Product Recalls in One Year
Companies Face Five Liability Risk Trends in the Face of COVID-19: Allianz
Liability exposures for companies around the world are increasing. Factors such as rising litigation, collective redress and large court verdicts, costly and frequent recalls in the automotive and food sectors, the disruptive impact of civil unrest and riots in a growing number of countries, and environmental concerns such as indoor air quality and higher fines… Continue reading Companies Face Five Liability Risk Trends in the Face of COVID-19: Allianz