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 September 12 – 30, 2024 across core industries impacting the global supply chain.
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Before we explore industry-specific trends, here are some key global supply chain risk signals you should be aware of:
Global Supply Chains Face New Disruptions as Red Sea Tensions Escalate
Escalating tensions in the Red Sea, primarily due to increased Houthi rebel attacks, have forced shipping reroutes, significantly delaying global supply chains and sparking discussions on the need for diversification. This disruption has particularly affected the tech sector, potentially delaying product launches for companies like Apple and Samsung. Economists warn that these supply… more
Historic rainfall inflicts chaotic floods across 4 continents
Severe floods and landslides have wreaked havoc in Northern Vietnam following Typhoon Yagi, the most powerful storm to hit Asia this year, resulting in 197 deaths and 128 people missing. The disaster has caused extensive damage to infrastructure and crops, leading to international aid efforts from countries like Australia, Japan, and the USA. The typhoon also disrupted operations at… more
China Tariffs: US Deals Trade Blow to World’s No. 2 Economy
The U.S. has increased tariffs on a wide range of Chinese products, continuing a policy from the Trump administration, affecting items such as solar cells, semiconductors, and lithium-ion batteries. This decision, part of ongoing tensions over trade practices, aims to penalize China for policies deemed harmful to U.S. economic interests. Meanwhile, China has retaliated with… more
Strikes, Nukes, and Conscription: Time to Stock the Shelves
The potential strike by 45,000 dock workers could severely disrupt U.S. supply chains and the economy by affecting over $200 billion in goods. Tensions in global geopolitics are heightened by nuclear doctrine changes in Russia and potential military conscription in the UK, pressing Americans to be prepared for economic and political uncertainties. more
Helene’s death tolls rises as Southeast starts massive cleanup
Hurricane Helene, one of the most powerful and potentially costliest storms to hit the southeastern United States, has caused widespread devastation, leading to at least 47 deaths and extensive damage estimated between $95 billion and $110 billion. Over 3 million customers are without power across five states, and significant infrastructure damage has been reported, including in North Carolina… 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
1,106 overall risk signals from manufacturing companies tracked:
- 58 ESG
- 570 Security
- 363 Financial
- 115 Regulatory
Identify supplier risk in your network
Recent News
Micron Gets a Rare Bear Call as BNP Paribas Warns on Oversupply
Samsung faces major challenges in catching up to TSMC in chip manufacturing
Ghana to Enforce Nationwide Lockdown as Protests Over Illegal Mining Escalate – MoreBranches
Tata Steel Job Losses Cause Economic Shock for Neath Port Talbot
Need to identify high-risk suppliers in your supply chain? Learn about supplier intelligence with Craft.
Technology
Industry Risk Overview for September
664 from technology companies tracked:
- 33 ESG
- 406 Security
- 180 Financial
- 45 Regulatory
Identify supplier risk in your network
Recent News
Dell ‘issues’ another job cuts warning
Ransomware gangs now abuse Microsoft Azure tool for data theft
Cloudflare outage cuts off access to websites in some regions
Clearview AI fined for using photos in facial recognition database without permission
Vectra AI reveals critical flaw in Google Cloud Document AI
New Raptor Train Botnet Hacked 200,000+ Devices WorldWide
US FTC slams Meta, TikTok and Twitch for ‘woefully inadequate’ data policies
Dell Hit by Third Data Leak in a Week Amid “grep” Cyberattacks
Policy Reversals Impact Apple, Dell, and HP’s Laptop Imports, Increasing Business Uncertainty
Ireland fines Meta 91m euros over EU data breach
Automotive & Transportation
Industry Risk Overview for September
599 overall risk signals from automotive & transportation companies tracked:
- 5 ESG
- 221 Security
- 262 Financial
- 111 Regulatory
Identify supplier risk in your network
Recent News
India’s most congested city, Bengaluru, faces train set supply crisis
Liberian ship stranded at Ctg port for 3 months as importer declines to receive damaged goods
Pilot strike disrupts travel for 30,000 passengers in Argentina amid salary dispute
London’s Transit System Suffers Through Prolonged Cyberattack; Data Security a Concern
Another container shortage coming for exporters: GTRI
FAA Investigates Southwest Airlines’ Boeing 737 Incident: Uncovering Airline Safety Concerns
Airlines suspend flights as Middle East tensions rise
Brussels Airlines To Cancel Most Flights On October 1 Due To Strike
‘Another black eye’: Vancouver port strike impacting Manitoba grain farmers during harvest season
US-China Trade Clash Intensifies Over Automotive Exchange
Air Canada demands government intervention to rob pilots of right to strike
Learn how a global shipping leader demystified their supply chain with Craft.
Healthcare
Industry Risk Overview for September
67 overall risk signals from healthcare companies tracked:
- 17 ESG
- 25 Security
- 15 Financial
- 10 Regulatory
Identify supplier risk in your network
Recent News
Roche shares drop on side effects result in early-stage obesity pill trial
South Korea declares emergency medical response amid doctors’ strike
Data on nearly 1 million NHS patients leaked online following ransomware attack on London hospitals
Hospitals confront long-term strain from Change Healthcare hack
J&J threatened with sanctions over plan to rebate 340B drugs
J&J raises baby powder settlement offer to more than $8.2 billion
Tens of thousands of L.A. County workers could go on strike Oct. 10
SEC Charges Cassava Sciences Over Manipulated Alzheimer’s Trial Data
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
112 overall risk signals from energy & utility companies tracked:
- 4 ESG
- 28 Security
- 29 Financial
- 51 Regulatory
Identify risky suppliers in your network
Recent News
Nationwide Power Outage Strikes Senegal Following Station Accident
Shell Faces a Flood of Climate Lawsuits
Fulcrum BioEnergy files for bankruptcy
PEMEX fails to fulfill payment obligations towards its suppliers
Learn how a major Asian utilities and energy company optimizes its supplier visibility with Craft.
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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