global supply chain News

US Slips in Supply-Chain Ranks After Child-Labor Violations

The US has joined a list of mostly emerging-market countries where ESG supply-chain risks are “high,” after the world’s richest economy failed to provide adequate protections for vulnerable populations including migrant children, according to a fresh study. The US saw …

US Imposes Sanctions on Hundreds of Targets in Fresh Russia Action

The United States and its partners on Friday announced new penalties aimed at punishing Russia for its invasion of Ukraine, intensifying what is already one of the harshest sanctions efforts ever implemented. Washington targeted Russia’s sanctions evasion, future energy revenues …

IMF Sees Risk of Supply Chain Security Leading to New Cold War

International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned policymakers against the danger of a new Cold War as they ramp up efforts to secure their industrial supply chains amid geopolitical tensions between major powers. “The question is, can …

How Caterpillar, Deere Kept Equipment Making Plants Open During Coronavirus Outbreak

While Detroit automakers’ unionized auto factories have been idled by the coronavirus pandemic, farm and construction equipment makers Deere and Caterpillar have won the support of the United Auto Workers and other unions to run their facilities during the pandemic. …

How Pharmaceutical Firms Are Using Blockchain to Track Down Counterfeit Drugs

Some of the industry’s largest pharmaceutical companies, including Pfizer Inc. and Eli Lilly and Co., have developed a blockchain-based system to track prescription drugs across the supply chain to better halt the flow of counterfeit medicines, company officials said on …

U.S. Blacklisting of China’s Huawei to Disrupt Global Technology Supply Chain

The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of telecoms network equipment. The …

Takata Takeover Deals Scrutinized for Handling of Recall, Liability Costs

Takata Corp. and some of the world’s biggest carmakers face an extensive — and expensive — to-do list as they try to resolve the worst safety crisis in the auto industry’s history. Executives for the Tokyo-based maker of air bags …

Business Interruption Claims on the Rise: Allianz

The average large business interruption (BI) property insurance claim is now in excess of $2.4 million, 36 percent higher than the corresponding average property damage claim of just over $1.7 million, according to a report from Allianz Global Corporate & …