Click here to close now.




















Welcome!

News Feed Item

Stericycle Recall Index Examines Auto Recall Pileup

With Large Scale Events Dominating Headlines, Q1 2014 Report Analyzes Industry's Burgeoning Complexity

INDIANAPOLIS, IN -- (Marketwired) -- 05/21/14 -- Stericycle ExpertSOLUTIONS™ (NASDAQ: SRCL) today released the findings of its Q1 2014 Stericycle Recall Index, which focused on the challenges relating to automotive recalls. With public awareness at an all-time high, the data underscores that no company is safe from the ramifications of "auto recall pileup."

The Q1 2014 Recall Index analyzed recall data from the National Highway Traffic Safety Administration (NHTSA), comprising cars, child seats, equipment and tires, over the last four years. The data showed that the volume of auto related events remained relatively consistent, with an average of 688 yearly events from 2010 to 2013, or almost two per day. However, the size and scope of auto industry recalls have increased significantly in that same time period. The number of recalled units in 2013 increased by 54 percent from the prior year for a total of 28 million, and this trend shows no sign of slowing down. There were 13 million units recalled in the first quarter of 2014 alone -- the highest number of NHTSA related recalled units in any quarter over the past three years.

"Following the unprecedented amount of public awareness generated by major auto recalls in the first quarter of 2014, we felt the need to examine the challenges of these recalls in greater detail," said Mike Rozembajgier, Vice President, Stericycle. "Our Recall Index highlights that, while the number of auto recall events has remained relatively steady over the past few years, unit amounts are soaring drastically. This puts stress on the supply chain to produce replacement parts, taxes auto dealerships and used car networks, and further complicates the consumer notification and communication process."

The Recall Index found that 70 percent of the vehicles affected in Q1 2014 were produced in the last five years. This suggests that as technology advances become more pervasive, more recalls may occur due to mechanical malfunctions or software-related glitches. However, issuing a recall notification does not guarantee that the defect is fixed. According to CarFax, approximately 3.5 million used cars went up for sale online with unfixed recalls last year.

"One need look no further than recent media coverage to understand the financial and reputational implications of the 'auto recall pileup,'" continued Rozembajgier. "With small manufacturers and suppliers contributing to the majority of Q1 2014 events, it's clear that no organization is safe and that auto brands are only as strong as their weakest link. To protect consumers and the brand alike, companies must ensure they are prepared to efficiently address every facet of a recall in this increasingly complex industry."

To hear Rozembajgier elaborate further on the challenges of the "auto recall pileup" please view this video here.

As in previous quarters, the Q1 2014 Stericycle Recall Index also analyzed recall data in the pharmaceutical, medical device, consumer products and food sectors. Within the latter category, a number of interesting trends emerged in food recalls initiated by the U.S. Department of Agriculture (USDA). For example, while the number of recalls remained relatively consistent with Q4 2013, the amount of recalled pounds increased more than tenfold. As a result of this surge in volume, more pounds of food were recalled in Q1 2014 than in the past two years combined. The Index also suggests that USDA recalls due to lack of facility inspections are on the rise. Five recalls in Q1 2014 were initiated as a result of no inspection, compared to the four events that occurred in all of 2013 for the same reason. To learn more about these takeaways and Index findings from other industries, please download the Q1 2014 Stericycle Recall Index report in its entirety here.

About the Stericycle Recall Index
The Stericycle Recall Index is the only report that aggregates and tracks recall data to help manufacturers and other industry stakeholders navigate the regulatory environment and identify trends. Each quarter Stericycle analyzes data from the U.S. Consumer Product Safety Commission (CPSC), the FDA and the USDA. The Q1 2014 Stericycle Recall Index contains an analysis of data from a fourth regulatory body: the National Highway Traffic Safety Administration (NHTSA). For more information, please visit http://recall.stericycleexpertsolutions.com/index/.

About Stericycle ExpertSOLUTIONS™
Stericycle ExpertSOLUTIONS™ is the industry leader in managing consumer product, pharmaceutical, medical device, juvenile product, and food and beverage recalls. Stericycle ExpertSOLUTIONS streamlines the entire product recall process and manages Notification & Response, Processing & Tracking, and Compliance & Reporting for a variety of companies. For more information, visit http://recall.stericycleexpertsolutions.com/en/.

Press Contacts
Angie Puthoff
ExpertSOLUTIONS
(317) 275-7562
Email Contact

Kate Finigan
LEWIS PR
(617) 226-8840
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Amazon and Google have built software-defined data centers (SDDCs) that deliver massively scalable services with great efficiency. Yet, building SDDCs has proven to be a near impossibility for ‘normal’ companies without hyper-scale resources. In his session at 17th Cloud Expo, David Cauthron, founder and chief executive officer of Nimboxx, will discuss the evolution of virtualization (hardware, application, memory, storage) and how commodity / open source hyper converged infrastructure (HCI) so...
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...