Welcome to 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. In this edition, we cover top supplier risk signals for October 1 – 21, 2024 across core industries impacting the global supply chain, including disruption from extreme weather, geopolitical conflict, waning EV hype, and increase in cyber attacks.
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Before we explore industry-specific trends, here are key global supply chain risk signals you should be aware of:
Hurricane Milton Makes Landfall in Florida
Hurricane Milton hit Florida as a Category 3 storm with 120 mph winds, causing widespread damage, including ripping the roof off Tropicana Field and leaving 3 million without power. Airports and major ports closed, with over 2,200 flights canceled. Baxter International closed a key IV fluid facility in North Carolina due to flood damage. Quartz mine shutdowns cause concern for major chip manufacturers. Read more
U.S. port strike suspended until January to allow time for contract talks
The U.S. dockworkers’ strike at East and Gulf Coast ports has been suspended until January, allowing time for further contract negotiations. The International Longshoremen’s Association and the U.S. Maritime Alliance reached a tentative deal on wage increases, a central issue in the dispute. Workers will return to their jobs immediately, with talks continuing on remaining issues. Read more
Craft’s platform can help you monitor your supplier network to understand supplier risk and stay ahead of disruption. Contact our team to take a risk assessment.
Manufacturing
Industry Risk Overview for September
1084 overall risk signals from manufacturing companies tracked:
- 58 ESG
- 551 Security
- 362 Financial
- 113 Regulatory
Identify supplier risk in your network
Recent News
Tensions escalate as China arrests Foxconn staff at key Apple factory
TSMC, Samsung, other major chip makers monitor quartz supply after hurricane shut mines
Rivian lowers 2024 manufacturing goal due to ‘production disruption’
China pushes local companies to not buy AI chips from NVIDIA
British Airways cancels flights due to Rolls-Royce delays
Need to identify high-risk suppliers in your supply chain? Learn about supplier intelligence with Craft.
Technology
Industry Risk Overview for September
668 overall risk signals from technology companies tracked:
- 33 ESG
- 403 Security
- 186 Financial
- 46 Regulatory
Identify supplier risk in your network
Recent News
HashiCorp’s Critical Cloud Vault Vulnerability Exposes Security Risks
HCL Technologies Faces Data Breach Risk in Connections Software
Threat Actors Exploit NVIDIA Vulnerability For Host Access
Microsoft suffers outage across US
Cloudflare survey finds cyberattacks and fraud flourishing in logistics
US Commerce Department probing TSMC as suspected chip supplier to Huawei
Transportation
Industry Risk Overview for September
603 overall risk signals from transportation companies tracked:
- 5 ESG
- 228 Security
- 261 Financial
- 106 Regulatory
Identify supplier risk in your network
Recent News
Italy faces public transport strike on Friday 18 October
UK travel chaos as major motorway used by 130,000 drivers each day to close
Shipping traffic halts in Bosphorus Strait after cargo ship breakdown
Overtime Strike at Montreal Port Causes Supply Chain Delays
United Airlines Teamsters Rally Nationwide for Strong Contract
Shipping firms to stay away from Red Sea amid Yemen retaliation against Israel
United Airlines incident: FAA safety warning for Boeing 737 rudder control
Rivian Stock Plunged 21% in September
Container traffic soars in Malaga port due to Suez Canal crisis
Los Angeles Ports Hit Record Freight Levels Amid Rail Delays
Learn how a global shipping leader demystified their supply chain with Craft.
Healthcare
Industry Risk Overview for September
61 overall risk signals from healthcare companies tracked:
- 17 ESG
- 21 Security
- 13 Financial
- 10 Regulatory
Identify supplier risk in your network
Recent News
Bayer CEO sees restructuring ahead of schedule – shares still fall
Patients scramble for treatments as hospitals conserve IV fluids after storms
Star Health Insurance Confirms Data Breach, Names Telegram and Cloudflare in Legal Battle
Thermo Fisher’s plant making infant RSV drug breached FDA rules, documents show
Cybersecurity leaders still shaky about post-attack recovery
Relay cuts more staff in efforts to save $50M a year
Ivenix Infusion Pump Recall Issued Due to Risk of Severe Injury or Death
Change Healthcare Attack Cost Estimate Reaches Nearly $2.9B
FDA identifies recall of Medtronic’s MiniMed series pumps as class I
Get configurable alerts for the supplier risks that matter most to your supply chain? Learn more about Supplier Risk Management from Craft.
Energy and Utilities
Industry Risk Overview for September
106 overall risk signals from energy & utility companies tracked:
- 4 ESG
- 21 Security
- 30 Financial
- 51 Regulatory
Identify risky suppliers in your network
Recent News
Pemex doubles production of its most polluting fuel under AMLO
Pemex records more than 400 offshore accidents, but without sanctions
Powerful storm knocks out power to 1.4 million homes in Brazil’s largest city
Fuel Crisis Looms: Pune Petrol Dealers Plan Strike Over Contract Disputes and Theft
BP Ditches Goal to Cut Oil and Gas Production by 2030
Equinor Reports Cost Increases On 19 Key Projects In Norway
TSMC’s Surging Electricity Demand Could Strain Taiwan’s Energy Infrastructure by 2030, S&P Warns
Learn how a major Asian utilities and energy company optimizes its supplier visibility with Craft.
Financial Services
Industry Risk Overview for September
72 overall risk signals from financial service companies tracked:
- 1 ESG
- 9 Security
- 32 Financial
- 30 Regulatory
Identify supplier risk in your network
Recent News
Fidelity Investments suffered a second data breach this year
HSBC’s $300m of cost savings imply the removal of 200+ investment bankers
HSBC and Bidvest Bank fined millions for non-compliance
TransUnion Risk and Alternative Data Solutions Notifies Consumers of Recent Data Breach
Learn how to understand the financial risks of your suppliers.
Retail
Industry Risk Overview for September
64 overall risk signals from retail companies tracked:
- 41 Security
- 20 Financial
- 3 Regulatory
Identify supplier risk in your network
Recent News
Nigeria Faces Supply Crunch as Used Vehicle Imports Plummet
Hackers steal sensitive customer data from thousands of online stores that use Adobe tools
Curious how we gathered this information? Explore Craft’s platform’s capabilities.
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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