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Stericycle Releases Its 'ExpertRECALL Index' for the Fourth Quarter of 2012


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(OPEN):
FOOD-RECALLS REACHED A TWO-YEAR HIGH, DURING THE FOURTH-QUARTER OF 2012--ACCORDING TO THE LATEST "EXPERT-RECALL INDEX".  THIS REPRESENTED AN AVERAGE RATE OF ABOUT SIX FOOD-RECALLS BEING DOCUMENTED, EVERY DAY--AND AFFECTED OVER 18-MILLION PRODUCTS; THAT'S MORE THAN DOUBLE THE NUMBER OF UNITS THAT WERE AFFECTED IN THE THIRD-QUARTER.  MIKE ROZEMBAJGIER IS THE VICE-PRESIDENT OF RECALLS FOR "STERICYCLE EXPERT-RECALL"...

(ROZEMBAJGIER):
"RIGHT BEFORE THE F-D-A'S ANNOUNCEMENT OF TWO MAJOR REQUIREMENTS PROPOSED UNDER THE 'FOOD SAFETY MODERNIZATION ACT', THE AGENCY DOCUMENTED 552 FOOD-RECALLS--REPRESENTING A 33-PERCENT INCREASE, OVER THE PREVIOUS QUARTER, AND REACHING THE HIGHEST LEVEL OF RECALL-ACTIVITY IN MORE THAN TWO YEARS.  AS THE AGENCY CONTINUES TO SHIFT ITS FOCUS TOWARD PREVENTION--RATHER THAN SIMPLY REACTING TO FOODBORNE-ILLNESS OUTBREAKS--WE CAN EXPECT THE F-D-A TO PAY MORE ATTENTION TO WHAT COMPANIES ARE DOING TO BOTH ENSURE THAT OUR FOOD IS SAFE, AND PREVENT RECALLS FROM OCCURRING.  COMPANIES WITH A RECALL-PLAN THAT'S READY ARE LIKELY TO BEST WEATHER THE IMPENDING STORM OF INCREASED REGULATORY-SCRUTINY.
"

(CLOSE):
THE LATEST "EXPERT-RECALL INDEX" ALSO FOUND THAT CONSUMER-PRODUCT RECALLS INCREASED, DURING THE FOURTH-QUARTER--WHILE DRUG AND MEDICAL-DEVICE RECALL-ACTIVITY DROPPED.  THE "INDEX" IS COMPILED QUARTERLY FROM DATA ISSUED BY BOTH THE "FOOD AND DRUG ADMINISTRATION", AND THE "CONSUMER PRODUCT SAFETY COMMISSION".  THE COMPLETE REPORT FOR THE FOURTH-QUARTER IS AVAILABLE AT "EXPERT-RECALL"-DOT-COM-SLASH-"RECALL-INDEX".



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