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Top 5 industry sectors impacted by product recalls

1. Automotive/ industrial suppliers
2. Food/beverage
3. IT/electronics
4. Retail
5. Manufacturing/ packaging/metal processing/industrial machinery

Source: www.agcs.allianz.com/news-and-insights
Product recall event costs

2016 exploding phones Estimated cost: $5bn+

2015 airbag errors Estimate cost: $25bn+

2014 […]

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