Sustainable Sourcing Visibility Identified as Key Supply Chain Risk, Urges Long-Term Strategies
According to industry experts, the lack of visibility into sustainable sourcing poses a significant risk in supply chains, pushing companies to prioritize suppliers with genuine sustainability practices.
UAW President Takes Aggressive Approach in Contract Talks with Detroit Automakers
United Auto Workers (UAW) President Shawn Fain is leading the union with a new, politically savvy strategy in contract negotiations with Detroit automakers.
Over 100 Groups Call on President Biden to Reverse Proposed Tailpipe Emissions Regulations
Over 100 groups, including truckers from Florida and Pennsylvania, have sent a letter to President Joe Biden urging him to reverse the federal tailpipe emissions regulations for light-, medium-, and heavy-duty vehicles proposed by the U.S. Environmental Protection Agency.
Moody's Warns of Increased Supply Chain Risk Due to New EU Deforestation Legislation
Moody's has highlighted that the new Deforestation Regulation introduced by the European Union poses a significant risk to European supply chains.
International Maritime Organization Reaches Unanimous Agreement on Greenhouse Gas Emission Reduction Rules
The International Maritime Organization (IMO) has reached a unanimous agreement on updated rules to reduce greenhouse gas emissions from shipping vessels.
Freight Market Shows Signs of Bottoming Out, But Challenges Remain
The latest Cass Freight Index data suggests that the U.S. freight market may be nearing a bottom, with signs of a new cycle emerging.
Extended Producer Responsibility (EPR) Prompts Changes in the Packaging Industry
The implementation of Extended Producer Responsibility (EPR) is bringing significant changes to the packaging industry, necessitating adjustments from packaging professionals.
Mexico Surpasses China as Top US Trading Partner in Shift of Global Dynamics
Mexico has replaced China as the United States' primary trading partner, marking a significant change in the global economy.
North American Class 8 Truck Orders Experience Second Consecutive Year-Over-Year Increase in June
According to ACT Research, North American Class 8 truck orders rose by 4.5% year-over-year in June, marking the second consecutive month of growth.
China's Export Curbs on Metals Prompt Supply Chain Diversification
China's decision to restrict the exports of metals gallium and germanium, crucial for semiconductor manufacturing, could lead to countries diversifying their supply chains away from China.
China's Trade Faces Pressure as Exports Decline Amid Weak Global Demand
China's trade outlook is dim as exports experienced a significant drop for the second consecutive month, falling 12.4% in June compared to the previous year.
Beware of Potential Scams and Misinformation Surrounding the Employee Retention Credit
Business owners seeking to claim the Employee Retention Credit (ERC) should exercise caution to avoid falling victim to scams and misinformation.
Blank Sailings at Lowest Point Since Pandemic, Signaling Normalization in Container Shipping
The number of blank sailings in the global container shipping market has reached its lowest point since the pandemic began, indicating a path toward normalization, according to Sea-Intelligence.
150 Million Packages Delivered by Rivian Electric Vehicles
Amazon has announced that it has successfully delivered over 150 million packages using Rivian's electric vehicles (EVs).
CADDi Secures $89M Funding Amid Challenging Supply Chain Management Landscape
CADDi, a global procurement startup, has secured $89 million in a Series C funding round, even as the supply chain management sector has experienced a decline in funding.
Sennder and Poste Italiane Renew $2.5 Billion Joint Venture
Sennder, the German digital freight forwarder, has announced the renewal of its joint venture with Poste Italiane, Italy's postal operator.
US Inflation Reaches Lowest Level Since 2021, Offering Relief to Households Amidst Easing Prices
Inflation in the United States has reached its lowest point since early 2021, providing some relief to households after two years of high prices.
Puma Commits to Enhancing Transparency in Leather Supply Chain by 2030
Puma has pledged to source all its leather from verified deforestation-free supply chains by 2030, or even earlier, as part of its commitment to enhance transparency in its leather supply chain.
Deep Sea Mining's Alarming Impact on $5.5bn Tuna Industry
According to a recent study published in the journal Nature of Ocean Sustainability, deep-sea mining operations pose a significant threat to the $5.5 billion tuna industry.
Forced Labor Allegations Prompt Investigation of Nike and Dynasty Gold
Canadian ethics watchdog, the Canadian Ombudsperson for Responsible Enterprise (CORE), has initiated investigations into Nike Canada and Dynasty Gold following allegations of their involvement or benefit from Uyghur forced labor in their Chinese operations.