{"id":2002,"date":"2024-12-17T10:52:52","date_gmt":"2024-12-17T18:52:52","guid":{"rendered":"https:\/\/global.craft.co\/?p=2002"},"modified":"2024-12-17T10:52:52","modified_gmt":"2024-12-17T18:52:52","slug":"the-risk-savvy-report-december-1-15-2024","status":"publish","type":"post","link":"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-december-1-15-2024\/","title":{"rendered":"The Risk Savvy Report: December 1 &#8211; 15, 2024"},"content":{"rendered":"<p>Welcome to the latest edition of 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. This month, we highlight risk signals for December 1 &#8211; 15, 2024 across financial stability, labor challenges, ESG compliance, transportation disruptions, and cybersecurity.<\/p>\n<p><a href=\"https:\/\/global.craft.co\/subscribe\/\">Subscribe to our newsletter<\/a> for updates.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2>Bankruptcy &amp; Financial Risk<\/h2>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/natlawreview.com\/article\/weekly-bankruptcy-alert-december-9-2024-week-ending-december-8-2024\">Weekly Bankruptcy report for the week\u00a0<\/a><\/p>\n<p>Tracking reported business bankruptcy filings across Massachusetts, Maine, New Hampshire, and Rhode Island, and Chapter 11 filings in New York and Delaware involving assets exceeding $1 million.<\/p>\n<p><a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/nvidia-stock-price-today-china-antitrust-probe-investigation-mellanox-chips-2024-12\">Nvidia stock drops as China probes the chipmaker over potential antitrust violations<\/a><\/p>\n<p>China\u2019s antitrust regulator has launched a review into Nvidia\u2019s $6.9 billion acquisition of Mellanox, prompting investor worries and sending Nvidia\u2019s shares lower.<\/p>\n<p><a href=\"https:\/\/www.cairnspost.com.au\/motoring\/motoring-news\/general-motors-suffers-12bn-loss-as-chinese-market-declines\/news-story\/b10804021d7e64e0d5f5647a35d2f9e1\">General Motors suffers $12bn loss as Chinese market declines<\/a><\/p>\n<p>General Motors suffered a $12 billion loss as it grappled with declining sales and market share in China. The automaker is facing intensified competition and shifting consumer preferences in what was once a key growth market.<\/p>\n<p><a href=\"https:\/\/www.freshplaza.com\/europe\/article\/9684615\/s-p-places-transnet-on-credit-watch-amid-rising-debt-and-operational-challenges\/\">S&amp;P places Transnet on credit watch amid rising debt and operational challenges<\/a><\/p>\n<p>S&amp;P Global has placed South African logistics company Transnet on credit watch due to ballooning debt and persistent operational difficulties. These challenges raise concerns about the firm\u2019s financial stability and future performance.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Identify high-risk suppliers in your supply chain. <a href=\"https:\/\/global.craft.co\/solution\/supplier-intelligence\/\" rel=\"noopener\">Learn about supplier intelligence with Craft.<\/a><\/em><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2>Labor Strikes &amp; Workforce<\/h2>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/dailyvoice.com\/new-york\/cortlandt\/amazon-workers-go-on-strike-protest-in-20-nations-including-us\/\">Amazon Workers Go On Strike, Protest In 20 Nations, Including US<\/a><\/p>\n<p>Amazon workers in 20 countries, including the US, United Kingdom, Germany, Japan, India, and Brazil, went on strike during a busy holiday shopping weekend to &#8220;hold Amazon accountable for labor abuses, environmental degradation and threats to democracy.&#8221;<\/p>\n<p><a href=\"https:\/\/www.latestly.com\/socially\/world\/tokyo-work-policy-tokyo-government-to-implement-4-day-work-week-for-government-employees-from-april-2025-to-aid-families-amid-japans-low-fertility-rates-6481517.html\">Tokyo Work Policy: Tokyo Government To Implement 4-Day Work-Week for Government Employees From April 2025 To Aid Families Amid Japan&#8217;s Low Fertility Rates<\/a><\/p>\n<p>The Tokyo metropolitan government plans to implement a four-day work week for its employees starting in April 2025, aiming to provide more family time and boost declining birth rates. The initiative reflects a broader effort to address demographic challenges and improve work-life balance in Japan.<\/p>\n<p><a href=\"https:\/\/www.truckinginfo.com\/10232642\/potential-tariffs-port-strike-cause-surge-in-container-freight\">Drayage Truckers Face Freight Surge as Imports Rise Due to Threats of Tariffs and Dockworker Strike<\/a><\/p>\n<div class=\"flex-1 overflow-hidden @container\/thread\">\n<div class=\"h-full\">\n<div class=\"react-scroll-to-bottom--css-yxjmh-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-yxjmh-1n7m0yu\">\n<div class=\"flex flex-col text-sm md:pb-9\">\n<article class=\"w-full scroll-mb-[var(--thread-trailing-height,150px)] text-token-text-primary focus-visible:outline-2 focus-visible:outline-offset-[-4px]\" dir=\"auto\" data-testid=\"conversation-turn-13\" data-scroll-anchor=\"true\">\n<div class=\"m-auto text-base py-[18px] px-3 md:px-4 w-full md:px-5 lg:px-4 xl:px-5\">\n<div class=\"mx-auto flex flex-1 gap-4 text-base md:gap-5 lg:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"86eb3887-017a-4b7d-adea-6063e7db67f1\" data-message-model-slug=\"o1-preview\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>The threat of new tariffs and a possible port strike has led to a sudden increase in container freight as companies rush to move goods before disruptions occur. This preemptive shipping surge reflects the industry\u2019s efforts to mitigate potential supply chain delays and higher costs.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mb-2 flex gap-3 empty:hidden -ml-2\">\n<div class=\"items-center justify-start rounded-xl p-1 flex\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><em><a href=\"https:\/\/global.craft.co\/platform\/\">Craft&#8217;s platform<\/a> can help you monitor your supplier network to understand supplier risk and stay ahead of disruption. <a href=\"https:\/\/global.craft.co\/risk-assessment\/\">Contact our team to take a risk assessment<\/a>.<\/em><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2>ESG &amp; Forced Labor<\/h2>\n<p><a href=\"https:\/\/www.cbsnews.com\/amp\/chicago\/news\/hellofresh-investigation-child-labor-allegations-aurora-illinois\/\">Feds investigating HelloFresh-owned facility in Illinois over allegations of child labor<\/a><\/p>\n<p>Illinois authorities are investigating allegations that HelloFresh employed underage workers at its Aurora facility, raising serious concerns about the company\u2019s labor practices. If substantiated, these claims may highlight vulnerabilities in workforce oversight and trigger stricter regulations for corporate compliance.<\/p>\n<p><a href=\"https:\/\/www.msn.com\/en-ca\/news\/world\/vw-subsidiary-sued-over-historical-slave-labour-practices-in-brazil\/ar-AA1vlkVa\">VW subsidiary sued over historical slave labour practices in Brazil<\/a><\/p>\n<p>A Volkswagen subsidiary is being sued in Brazil for allegedly using slave labor on an Amazonian plantation decades ago, spotlighting historical exploitation tied to a major global automaker. The outcome of this lawsuit could influence reparations, reshape corporate responsibility standards, and prompt deeper introspection into past industrial practices.<\/p>\n<p><a href=\"https:\/\/www.farms.com\/ag-industry-news\/tariffs-threaten-to-elevate-us-energy-costs-564.aspx\">Tariffs threaten to elevate US energy costs<\/a><\/p>\n<p>Proposed tariffs on imported materials threaten to inflate production expenses for U.S. energy infrastructure, potentially pushing up consumer energy costs. This increase in supply chain pressures may undermine domestic energy expansion and hinder the country\u2019s economic competitiveness over time.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2>Supply Chain &amp; Transportation<\/h2>\n<p><a href=\"https:\/\/www.maritime-executive.com\/article\/lock-accident-halts-shipping-into-france-and-luxembourg-from-the-rhine\">Lock Accident Halts Shipping into France and Luxembourg from the Rhine<\/a><\/p>\n<p>A lock accident on a crucial route from the Rhine has disrupted shipping traffic into France and Luxembourg, causing delays and logistical headaches for riverine trade. This unexpected holdup may force shippers to seek alternative routes or transportation methods, increasing costs and complicating supply chains.<\/p>\n<p><a href=\"https:\/\/chainstoreage.com\/retailers-advised-bring-cargo-early-potential-port-strike-tariffs-loom\">Retailers advised to bring cargo in early as potential port strike, tariffs loom<\/a><br \/>\nWith the threat of tariffs and potential port strikes looming, experts are advising retailers to move their cargo earlier than usual to avoid costly disruptions. By acting proactively, companies hope to maintain inventory levels and secure reliable market access despite unpredictable trade conditions.<\/p>\n<p><a href=\"https:\/\/www.rigzone.com\/news\/wire\/pemex_freezes_new_contractor_deals_as_it_works_out_20b_owed_to_suppliers-29-nov-2024-178886-article\/?rss=true\">Pemex Freezes New Contractor Deals as It Works Out $20B Owed to Suppliers<\/a><\/p>\n<p>Mexican state oil company Pemex has paused signing new contractor agreements as it works to settle an outstanding $20 billion debt with suppliers. This financial strain could slow down infrastructure projects, raise investor concerns, and impact Mexico\u2019s broader energy sector stability.<\/p>\n<p><span style=\"font-style: italic;\">Get configurable alerts for the supplier risks that matter most to your supply chain? <\/span><a style=\"font-style: italic;\" href=\"https:\/\/global.craft.co\/solution\/supplier-risk-management\/\" rel=\"noopener\">Learn more about Supplier Risk Management from Craft.<\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2>Legal<\/h2>\n<p><a href=\"https:\/\/www.bbc.com\/news\/articles\/cn8g540wz3jo\">Apple Accused of Using Conflict Minerals<\/a><\/p>\n<p>The Democratic Republic of Congo has filed criminal complaints in France and Belgium against Apple subsidiaries, accusing the company of using conflict minerals sourced from militias in eastern DRC. Apple insists it monitors its supply chain to avoid such practices, but the legal action now awaits further investigation by European authorities.<\/p>\n<p><a href=\"https:\/\/www.marinelog.com\/legal\/shipping\/fmc-ruling-stalls-launch-of-box-ship-premier-alliance\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=fmc-ruling-stalls-launch-of-box-ship-premier-alliance\">FMC ruling stalls launch of box ship Premier Alliance<\/a><\/p>\n<p>A ruling by the U.S. Federal Maritime Commission has delayed the launch of the new Premier Alliance among container ship operators. This setback forces the alliance partners to reassess their timetable and may introduce additional regulatory hurdles before operations can begin.<\/p>\n<p><a href=\"https:\/\/www.siliconrepublic.com\/business\/microsoft-uk-businesses-ofcom-lawsuit-cma-cloud\">Microsoft sued for allegedly overcharging UK businesses<\/a><\/p>\n<p>The UK\u2019s communications regulator Ofcom has referred Microsoft\u2019s cloud practices to the Competition and Markets Authority following complaints from businesses about restrictive licensing agreements. This development could lead to a full investigation, intensifying scrutiny on Microsoft\u2019s dominance in the cloud computing market.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2>Manufacturing<\/h2>\n<p><a href=\"https:\/\/edition.cnn.com\/2024\/12\/10\/business\/boeing-resumes-production-month-after-strike\/index.html\">Boeing only now resuming production a month after strike that idled two key plants<\/a><\/p>\n<p>Boeing has restarted production after a month-long strike brought its assembly lines to a halt, signaling a return to normal operations. This resumption follows an agreement with striking workers that resolves their concerns and restores the company\u2019s manufacturing output.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2>Cybersecurity<\/h2>\n<p><a href=\"https:\/\/www.msn.com\/en-us\/news\/technology\/fbi-officials-are-urging-americans-to-use-encrypted-messaging-apps-to-avoid-hackers\/ar-AA1voNRC\">FBI Officials Are Urging Americans to Use Encrypted Messaging Apps to Avoid Hackers<\/a><\/p>\n<p>FBI officials are advising Americans to switch to encrypted messaging apps to better protect their personal data from cybercriminals. Their guidance highlights the increasing threat of hackers intercepting private communications and the need for stronger online security measures.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/global.craft.co\/industry\/financial-services\/\" rel=\"noopener\"><em>Learn how to understand the financial risks of your suppliers.<\/em><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>We hope these insights have enhanced your understanding of supplier risk in the global supply chain, making you evermore risk savvy.<\/p>\n<p><a href=\"https:\/\/global.craft.co\/subscribe\/\">Subscribe to our newsletter<\/a>\u00a0for more insights.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the latest edition of 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. This month, we highlight risk signals for December 1 [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":2025,"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-2002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement-and-supply-chain","category-risk-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.3 (Yoast SEO v25.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Risk Savvy Report: December 1 - 15, 2024 | Craft.co<\/title>\n<meta name=\"description\" content=\"Stay ahead of supplier risk with Craft&#039;s &quot;Risk Savvy Report,&quot; 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-december-1-15-2024\/\" \/>\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: December 1 - 15, 2024\" \/>\n<meta property=\"og:description\" content=\"Stay ahead of supplier risk with Craft&#039;s &quot;Risk Savvy Report,&quot; covering important risk signals from cybersecurity to geopolitical events.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-december-1-15-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Craft.co\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/craftdotco\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-17T18:52:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/global.craft.co\/wp-content\/uploads\/2024\/12\/Risk-Savvy-Header.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Liliana Munoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@craftdotco\" \/>\n<meta name=\"twitter:site\" content=\"@craftdotco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liliana Munoz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-december-1-15-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-december-1-15-2024\/\"},\"author\":{\"name\":\"Liliana Munoz\",\"@id\":\"https:\/\/global.craft.co\/#\/schema\/person\/4f3473ed2ca1a82c9b5b86467f4eaf64\"},\"headline\":\"The Risk Savvy Report: December 1 &#8211; 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