Welcome to the latest edition of The Risk Savvy Report, your go-to source for the latest insights on global supply chain trends to keep you informed and ahead of the curve. To kickstart 2025, we’re highlighting risk signals for January 1 – 15 across cybersecurity, financial stability, labor challenges, ESG compliance, legal matters, mergers and acquisitions, and insurance.
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Cybersecurity
AT&T and Verizon say they stopped China’s hackers, but threats remain
The telecom giants claim success in preventing cyberattacks linked to Chinese actors, but experts warn of a persistent risk, as hackers evolve their tactics. Organizations are urged to review their cybersecurity protocols and ensure robust defenses against future threats.
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Bankruptcy & Financial Risk
Los Angeles wildfires projected to cause over $250B in losses
Economic damage from the devastating LA wildfires continues to escalate. Insurers, businesses, and homeowners are grappling with the financial fallout, highlighting the critical role of climate adaptation strategies.
Meta Stock Rallies, Oracle Slides As Market Reacts To TikTok Ban Hearing At Supreme Court
The Supreme Court’s deliberation over TikTok’s future has caused significant market shifts. While Meta enjoys investor optimism, Oracle faces uncertainty amid questions about its hosting arrangement with TikTok.
Mercedes-Benz saw sales slump in 2024, especially in electric models
A surprising decline in electric vehicle sales has shaken Mercedes-Benz, signaling potential challenges in the EV market as consumer demand fluctuates.
Rivian Automotive (NASDAQ: RIVN) posted a decline in sales in late 2024
EV manufacturer Rivian’s end-of-year sales dip highlights the growing competition and logistical hurdles facing the sector.
Tupperware Brand Declares Bankruptcy
Once a household name, Tupperware’s financial struggles culminated in bankruptcy filings. The company cites evolving consumer habits and operational inefficiencies as contributing factors.
The bankruptcy proceedings for AHMSA, a major steel producer, progress as efforts to assess and liquidate assets take center stage.
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Labor Strikes & Workforce
Boeing output hit by strikes and safety problems
Worker strikes and ongoing safety issues have disrupted Boeing’s production schedules, further straining its recovery efforts.
Microsoft Looks To Lay Off Thousands Potentially: Reports
Reports suggest Microsoft may execute significant layoffs as it recalibrates its workforce in response to economic pressures.
Dockworkers strike averted as shipping companies reach agreement
An agreement between dockworkers and shipping companies prevented a major strike, stabilizing freight movement at critical ports.
Largest health care strike in Oregon history begins as thousands picket Providence hospitals
Thousands of health care workers in Oregon initiated a historic strike, citing concerns over wages, staffing, and working conditions.
US Port Strike Looms: Freight Rates Surge Amid Surcharge Announcements
The threat of a U.S. port strike has led to surging freight rates as companies brace for potential disruptions to supply chains.
ESG & Forced Labor
First DEI And Now Amazon Silently Removes Protective Policies For Black And LGBTQ+ Employees
Amazon faces criticism for scaling back protective policies for minority employees, sparking concerns over its commitment to diversity and inclusion.
LA wildfires bring another health hazard: smoke
In addition to financial and environmental damage, LA wildfires pose severe health risks as smoke pollution reaches hazardous levels.
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Legal
Amazon facing lawsuit over use of forfeited 401(k) funds, potential violation of ERISA
Amazon’s alleged mismanagement of employee retirement funds has prompted a lawsuit, raising questions about compliance with federal regulations.
Infosys files counter lawsuit against Cognizant and CEO
A legal battle between Infosys and Cognizant intensifies, with accusations of intellectual property disputes and contractual violations.
Apple fights patent lawsuit over iPhone 15 camera tech
Apple is engaged in a legal dispute over the technology in its iPhone 15 camera, defending its innovations against patent infringement claims.
Mergers & Acquisitions
Chevron’s acquisition of Hess is on track, with optimistic forecasts for enhanced cash flow and operational synergies.
Insurance
California’s wildfires may also be catastrophic for its insurance market
The state’s insurance market faces unprecedented challenges as wildfire-related claims soar, prompting discussions on the future of risk management in disaster-prone areas.
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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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