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 22 – 31, 2024 across core industries impacting the global supply chain, including current economic strain, compliance violations, and trade disruption.
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Before we explore industry-specific trends, here are key global supply chain risk signals you should be aware of:
High freight rates strain global supply chains, threaten vulnerable economies
The strain on supply chains and economies is intensifying, with vulnerable small island developing states (SIDS) and least developed countries (LDCs) facing heavy impact. As freight rates rise, so do concerns over trade systainability, economic growth, and the global effort to achieve sustainable development goals. Read more
GREECE Great Strike Wave in preparation for National General Strike
On October 23, a wave of strikes across Greece led to widespread disruptions in major cities, including Athens and Piraeus, as workers from various sectors, including maritime, education, hospitality, and metalworking, protested for better wages, collective contracts, and improved workplace health and safety regulations. These strikes are part of a growing movement, with unions planning additional strikes across sectors leading up to a nationwide general strike on November 20, aiming to amplify demands for wages, health, and education funding. 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
1,045 overall risk signals from manufacturing companies tracked.
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Recent News
GM Autos is also recalling several cars due to a major defect in the airbags manufactured by Takata
Rivian Workers Face Extremely Dangerous Factory Conditions
Need to identify high-risk suppliers in your supply chain? Learn about supplier intelligence with Craft.
Technology
678 overall risk signals from technology companies tracked.
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Recent News
Massive data breach exposes 800,000 insurance customers’ personal information
Taiwan, TSMC suspends shipments to companies that allegedly violated the embargo against Huawei
Security vulnerabilities detected in Microsoft’s Azure AI system filters
SEC charges NovaTech founders in US$650 million crypto fraud
TSMC Faces Severe Challenges as Free Trade Falters, Founder Says
US Probes TSMC for Potential Sanctions Violations, Major Tech Firms at Risk
Transportation
599 overall risk signals from transportation companies tracked.
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Recent News
Italy faces public transport strike on Friday 8 November
Dockworkers to Strike in Montreal as Uncertainty Also Hangs Over Vancouver
U.S. DOT Fines Lufthansa For Alleged Discrimination
East Coast Dockworker Strike Disrupts Shipping Trade
Learn how a global shipping leader demystified their supply chain with Craft.
Healthcare
63 overall risk signals from healthcare companies tracked.
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Recent News
J&J’s $8.2 Billion Talc Settlement Faces January Court Test
US Healthcare Giant Baxter Exits China’s IV Therapy Market
FDA issues critical recalls for Baxter ventilators, Medtronic pumps and Boston Scientific device
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
103 overall risk signals from energy & utility companies tracked.
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Recent News
BP Walks Back Green Targets Amid Market Realities
Delhi to face water shortage until November 1 | Check full list of affected areas
BP and Shell Brace for Profit Drop
Ecuador’s energy crisis deepens amid historic drought and extended blackouts
Pemex’s multimillion-dollar debts strangles its suppliers
Learn how a major Asian utilities and energy company optimizes its supplier visibility with Craft.
Financial Services
72 overall risk signals from financial service companies tracked.
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Recent News
Wells Fargo will make sweeping cuts in Oregon next year, moving jobs to other cities
ASIC Fines Macquarie Group For Non-Compliance In Futures Trades
Learn how to understand the financial risks of your suppliers.
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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