The rate of product recalls increased during the third quarter compared with the prior three-month period, according to Sedgwick, which reported a slew of business challenges and increased regulator pressure will continue to drive recalls into 2022.
Automotive recalls reached a seven-quarter high and increased 21.1% compared with Q2 2021, while consumer product recalls remained relatively flat when compared to quarterly averages from 2019 and 2020. After showing multiple quarters of declines, medical devices and pharmaceutical industries both saw recalls increase 35.8% and 45.8%, respectively, during Q3 2021, Sedgwick reported.
