Product Recalls Are Skyrocketing
If it seems like you’ve been hearing about a lot of product recalls this year, you’re not imagining things. Companies recalled more than 1 billion product units in the U.S. by mid-August, the earliest date that milestone has been reached in a calendar year, and an all-time recall record appears certain for 2022. Those are the findings in a quarterly product recall index compiled by the insurance company Sedgwick. The report notes that recalls only reached the 1 billion mark twice before, in 2018 and 2021, when it took far later in the year to hit that number....