In a bid to enhance supply chain resilience, nearly half of European businesses are prioritizing nearshoring and reshoring strategies, according to a recent survey conducted by Inverto, an international management consultancy specializing in procurement and supply chain management.
In a joint effort to enhance the resilience of the UK's financial sector, the Bank of England (BoE), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) have unveiled proposals to oversee critical third parties (CTPs) providing services to regulated financial services firms and financial market infrastructure entities.
A recent report from global assurance specialist LRQA sheds light on the persistent issue of child labor within supply chains, identifying it as the primary ESG (Environmental, Social, and Governance) differentiator between top-performing and low-performing countries. The report draws attention to the alarming presence of child labor in supply chains, emphasizing its impact on the overall risk assessment in the ESG domain.
The latest McKinsey report, titled "Tech and Regionalization Bolster Supply Chains, but Complacency Looms", offers a nuanced exploration of the current state of global supply chains, delving into key findings that illuminate the ongoing impact of COVID-19 on risk and resilience in the supply chain landscape.
Global electronics manufacturers Siemens, Ericsson, and Schneider Electric, in conjunction with industry group DigitalEurope, have raised concerns that the stringent European Union (EU) rules aimed at addressing cybersecurity risks associated with smart devices may disrupt supply chains on a scale reminiscent of the disruptions experienced during the pandemic. The companies have emphasized the potential challenges posed by the EU's proposed Cyber Resilience Act, which could have far-reaching implications for various industries.
The U.S. Securities and Exchange Commission (SEC) is receiving strong investor support for its proposal to include Scope 3 value chain emissions reporting in the final climate disclosure rule. These remarks came from SEC Chair Gary Gensler during a forum discussion at the U.S. Chamber of Commerce.