Stericycle ExpertSOLUTIONS recently released the figures from its final Recall Index of 2016, which showed auto recalls and notifications in Europe dropped 7% over the previous quarter. Despite this decline, Q4 2016 figures were still higher than any quarter from 2013 to 2015 and further added to what was already a record year for auto recalls. The total number of automotive recall events in 2016 was 415, a jump of 76% over auto recalls in 2015, and the highest number ever recorded since the RAPEX rapid alert system began.
Amongst the various causes of passenger vehicle recalls, airbags accounted for the most, followed by problems with seats and then brakes. By far the most common hazard relating to recalls was injuries, which prompted 85 of the 98 notifications issued in Europe during Q4.
The Index also reports that recalls in the consumer products sector rose by 62.7% between Q3 and Q4 2016, making it the highest quarter since Q4 2014 with toys outweighing every other category. In addition, the report highlights increased notifications in the food and beverages sector of 12% over the previous quarter.
For more information, download the Index here.
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The potential for more expensive liability losses is increasing, particularly in relation to global product recalls… https://t.co/BplLUTZ0iz
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