Welcome to the latest edition of The Risk Savvy Report, your comprehensive source for insights on global supply chain trends. In this issue, we examine significant developments from March 18 to March 31, 2025, across various sectors, including trade policies, labor movements, environmental concerns, and legal challenges.
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Global Trade & Tariff Implications
Tariffs Explained: Impending Cost Implications
As the implementation date for new tariffs approaches, businesses worldwide are bracing for increased costs and supply chain disruptions. Companies are advised to assess their exposure and develop mitigation strategies to navigate the evolving trade landscape.
Proposed U.S. Port Fees on Chinese Vessels May Alter Shipping Patterns
The U.S. government’s proposal to impose additional port fees on Chinese vessels has raised concerns about potential shifts in intermodal shipping patterns. Industry analysts suggest that these fees could lead to rerouting of cargo and increased operational costs for logistics providers.
European Ports Experience Surge in Pre-Tariff Activity
In anticipation of upcoming tariffs, European ports are witnessing a flurry of activity as importers expedite shipments to avoid additional costs. This surge is placing temporary strain on port operations and logistics networks across the continent.
Learn more about how to successfully navigate tariffs.
Labor Strikes & Workforce Issues
Florida Senate Bill Reignites Child Labor Law Debates
A new bill proposed in the Florida Senate aims to extend permissible work hours for minors, reigniting debates over child labor laws. Advocates express concern over the potential impact on youth education and well-being, while supporters argue for increased flexibility in the workforce.
U.S. Postal Workers Protest Potential Privatization
Postal workers across the United States have initiated protests against discussions of privatizing the U.S. Postal Service. Employees fear that privatization could lead to job losses, reduced benefits, and diminished service quality for the public.
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Environmental Impact & Natural Disasters
Japan Issues Guidelines for Mount Fuji Eruption
For the first time, Japan has released comprehensive guidelines, including evacuation plans, to prepare for a potential eruption of Mount Fuji. Authorities aim to enhance public safety and minimize disruption in the event of volcanic activity.
7.7 Magnitude Earthquake Strikes Myanmar
A devastating 7.7 magnitude earthquake hit Myanmar, resulting in at least 144 fatalities and over 700 injuries. The quake caused widespread destruction of infrastructure, complicating rescue and relief efforts in the affected regions.
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Legal Developments
Apple Federal Credit Union Settles Overdraft Fee Lawsuit
Apple Federal Credit Union has agreed to a $2.5 million settlement, concluding a class-action lawsuit alleging improper overdraft fee practices. The settlement underscores the ongoing scrutiny financial institutions face regarding fee transparency and consumer rights.
We hope these insights have enhanced your understanding of supplier risk in the global supply chain, making you evermore risk savvy.
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