{"id":1971,"date":"2024-10-31T19:10:03","date_gmt":"2024-10-31T19:10:03","guid":{"rendered":"https:\/\/global.craft.co\/?p=1971"},"modified":"2024-10-31T20:17:03","modified_gmt":"2024-10-31T20:17:03","slug":"the-risk-savvy-report-october-22-31-2024","status":"publish","type":"post","link":"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-october-22-31-2024\/","title":{"rendered":"The Risk Savvy Report: October 22 – 31, 2024"},"content":{"rendered":"

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.<\/p>\n

Subscribe to our newsletter<\/a> to be aware of risks like these and more.<\/p>\n

 <\/p>\n

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Before we explore industry-specific trends, here are key global supply chain risk signals you should be aware of:<\/p>\n

High freight rates strain global supply chains, threaten vulnerable economies<\/span><\/a><\/p>\n

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<\/a><\/p>\n

GREECE Great Strike Wave in preparation for National General Strike<\/span><\/a><\/p>\n

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<\/a><\/p>\n

Craft’s platform<\/a> can help you monitor your supplier network to understand supplier risk and stay ahead of disruption. Contact our team to take a risk assessment<\/a>.<\/em><\/p>\n

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Manufacturing<\/h2>\n

1,045<\/strong> overall risk signals<\/strong> from manufacturing companies tracked.<\/p>\n

Identify supplier risk in your network<\/a><\/p>\n

Recent News<\/h4>\n

GM Autos is also recalling several cars due to a major defect in the airbags manufactured by Takata<\/span><\/a><\/p>\n

Rivian Workers Face Extremely Dangerous Factory Conditions<\/span><\/a><\/p>\n

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Need to identify high-risk suppliers in your supply chain? Learn about supplier intelligence with Craft.<\/a><\/em><\/p>\n

 <\/p>\n

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Technology<\/h2>\n

678 overall risk signals<\/strong> from technology companies tracked.<\/p>\n

Identify supplier risk in your network<\/a><\/p>\n

Recent News<\/h4>\n

Massive data breach exposes 800,000 insurance customers’ personal information<\/span><\/a><\/p>\n

Byteware, a tech firm based in Singapore, is under investigation regarding Nvidia technology illegal export<\/span><\/a><\/p>\n

Taiwan, TSMC suspends shipments to companies that allegedly violated the embargo against Huawei<\/span><\/a><\/p>\n

Security vulnerabilities detected in Microsoft\u2019s Azure AI system filters<\/span><\/a><\/p>\n

SEC charges NovaTech founders in US$650 million crypto fraud<\/span><\/a><\/p>\n

TSMC Faces Severe Challenges as Free Trade Falters, Founder Says<\/span><\/a><\/p>\n

US Probes TSMC for Potential Sanctions Violations, Major Tech Firms at Risk<\/span><\/a><\/p>\n

The ICS sector faces increasing scrutiny due to vulnerabilities from Siemens, Rockwell, and Delta, threatening critical infrastructure and operational security<\/span><\/a><\/p>\n

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Transportation<\/h2>\n

599 overall risk signals<\/strong> from transportation companies tracked.<\/p>\n

Identify supplier risk in your network<\/a><\/p>\n

Recent News<\/h4>\n

Italy faces public transport strike on Friday 8 November<\/span><\/a><\/p>\n

Dockworkers to Strike in Montreal as Uncertainty Also Hangs Over Vancouver<\/span><\/a><\/p>\n

U.S. DOT Fines Lufthansa For Alleged Discrimination<\/span><\/a><\/p>\n

East Coast Dockworker Strike Disrupts Shipping Trade<\/span><\/a><\/p>\n

Southwest CEO Urges Boeing’s Recovery, United Airlines faces immediate flight schedule Amid IAM Union Strike<\/span><\/a><\/p>\n

 <\/p>\n

Learn how a global shipping leader demystified their supply chain with Craft.<\/em><\/a><\/p>\n

 <\/p>\n

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Healthcare<\/h2>\n

63 overall risk signals<\/strong> from healthcare companies tracked.<\/p>\n

Identify supplier risk in your network<\/a><\/p>\n

Recent News<\/h4>\n

J&J\u2019s $8.2 Billion Talc Settlement Faces January Court Test<\/span><\/a><\/p>\n

US Healthcare Giant Baxter Exits China’s IV Therapy Market<\/span><\/a><\/p>\n

FDA issues critical recalls for Baxter ventilators, Medtronic pumps and Boston Scientific device<\/span><\/a><\/p>\n

 <\/p>\n

Get configurable alerts for the supplier risks that matter most to your supply chain? <\/span>Learn more about Supplier Risk Management from Craft.<\/a><\/p>\n

 <\/p>\n

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\"\"<\/p>\n

Energy and Utilities<\/h2>\n

103 overall risk signals<\/strong> from energy & utility companies tracked.<\/p>\n

Identify risky suppliers in your network<\/a><\/p>\n

Recent News<\/h4>\n

BP Walks Back Green Targets Amid Market Realities<\/span><\/a><\/p>\n

Delhi to face water shortage until November 1 | Check full list of affected areas<\/span><\/a><\/p>\n

BP and Shell Brace for Profit Drop<\/span><\/a><\/p>\n

Ecuador\u2019s energy crisis deepens amid historic drought and extended blackouts<\/span><\/a><\/p>\n

Pemex’s multimillion-dollar debts strangles its suppliers<\/span><\/a><\/p>\n

 <\/p>\n

Learn how a major Asian utilities and energy company optimizes its supplier visibility with Craft.<\/a><\/p>\n

 <\/p>\n

\n

\"\"<\/p>\n

Financial Services<\/h2>\n

72 overall risk signals<\/strong> from financial service companies tracked.<\/p>\n

Identify supplier risk in your network<\/a><\/p>\n

Recent News<\/h4>\n

Wells Fargo will make sweeping cuts in Oregon next year, moving jobs to other cities<\/span><\/a><\/p>\n

ASIC Fines Macquarie Group For Non-Compliance In Futures Trades<\/span><\/a><\/p>\n

 <\/p>\n

Learn how to understand the financial risks of your suppliers.<\/em><\/a><\/p>\n

 <\/p>\n

\n

 <\/p>\n

We hope these insights have enhanced your understanding of supplier risk in the global supply chain, making you evermore risk savvy.<\/p>\n

Subscribe to our newsletter<\/a>\u00a0for more insights.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 – […]<\/p>\n","protected":false},"author":7,"featured_media":1972,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/pt-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,52],"class_list":["post-1971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement-and-supply-chain","category-risk-report"],"acf":[],"yoast_head":"\nThe Risk Savvy Report: October 22 - 31, 2024 | Craft.co<\/title>\n<meta name=\"description\" content=\"Stay ahead of supplier risk with Craft's "Risk Savvy Report," covering important risk signals from cybersecurity to geopolitical events.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-october-22-31-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Risk Savvy Report: October 22 - 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