{"id":2038,"date":"2025-01-22T14:54:59","date_gmt":"2025-01-22T22:54:59","guid":{"rendered":"https:\/\/global.craft.co\/?p=2038"},"modified":"2025-01-22T14:54:59","modified_gmt":"2025-01-22T22:54:59","slug":"the-risk-savvy-report-january-1-15-2025","status":"publish","type":"post","link":"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-january-1-15-2025\/","title":{"rendered":"The Risk Savvy Report: January 1 – 15, 2025"},"content":{"rendered":"

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. To kickstart 2025, we’re highlighting risk signals for January 1 – 15 across cybersecurity, financial stability, labor challenges, ESG compliance, legal matters, mergers and acquisitions, and insurance.<\/p>\n

Subscribe to our newsletter<\/a> for updates.<\/p>\n

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Cybersecurity<\/h2>\n

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AT&T and Verizon say they stopped China\u2019s hackers, but threats remain<\/a><\/p>\n

The telecom giants claim success in preventing cyberattacks linked to Chinese actors, but experts warn of a persistent risk, as hackers evolve their tactics. Organizations are urged to review their cybersecurity protocols and ensure robust defenses against future threats.<\/p>\n

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

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Bankruptcy & Financial Risk<\/h2>\n

Los Angeles wildfires projected to cause over $250B in losses<\/span><\/a><\/p>\n

Economic damage from the devastating LA wildfires continues to escalate. Insurers, businesses, and homeowners are grappling with the financial fallout, highlighting the critical role of climate adaptation strategies.<\/p>\n

Meta Stock Rallies, Oracle Slides As Market Reacts To TikTok Ban Hearing At Supreme Court<\/span><\/a><\/p>\n

The Supreme Court\u2019s deliberation over TikTok\u2019s future has caused significant market shifts. While Meta enjoys investor optimism, Oracle faces uncertainty amid questions about its hosting arrangement with TikTok.<\/p>\n

Mercedes-Benz saw sales slump in 2024, especially in electric models<\/span><\/a><\/p>\n

A surprising decline in electric vehicle sales has shaken Mercedes-Benz, signaling potential challenges in the EV market as consumer demand fluctuates.<\/p>\n

Rivian Automotive (NASDAQ: RIVN) posted a decline in sales in late 2024<\/span><\/a><\/p>\n

EV manufacturer Rivian\u2019s end-of-year sales dip highlights the growing competition and logistical hurdles facing the sector.<\/p>\n

Tupperware Brand Declares Bankruptcy<\/span><\/a><\/p>\n

Once a household name, Tupperware\u2019s financial struggles culminated in bankruptcy filings. The company cites evolving consumer habits and operational inefficiencies as contributing factors.<\/p>\n

Advances process of bankruptcy of AHMSA; initiates inventory and valuation of assets of the steel industry<\/span><\/a><\/p>\n

The bankruptcy proceedings for AHMSA, a major steel producer, progress as efforts to assess and liquidate assets take center stage.<\/p>\n

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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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Labor Strikes & Workforce<\/h2>\n

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Boeing output hit by strikes and safety problems<\/span><\/a><\/p>\n

Worker strikes and ongoing safety issues have disrupted Boeing\u2019s production schedules, further straining its recovery efforts.<\/p>\n

Microsoft Looks To Lay Off Thousands Potentially: Reports<\/span><\/a><\/p>\n

Reports suggest Microsoft may execute significant layoffs as it recalibrates its workforce in response to economic pressures.<\/p>\n

Dockworkers strike averted as shipping companies reach agreement<\/span><\/a><\/p>\n

An agreement between dockworkers and shipping companies prevented a major strike, stabilizing freight movement at critical ports.<\/p>\n

Largest health care strike in Oregon history begins as thousands picket Providence hospitals<\/span><\/a><\/p>\n

Thousands of health care workers in Oregon initiated a historic strike, citing concerns over wages, staffing, and working conditions.<\/p>\n

US Port Strike Looms: Freight Rates Surge Amid Surcharge Announcements<\/span><\/a><\/p>\n

The threat of a U.S. port strike has led to surging freight rates as companies brace for potential disruptions to supply chains.<\/p>\n

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ESG & Forced Labor<\/h2>\n

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First DEI And Now Amazon Silently Removes Protective Policies For Black And LGBTQ+ Employees<\/span><\/a><\/p>\n

Amazon faces criticism for scaling back protective policies for minority employees, sparking concerns over its commitment to diversity and inclusion.<\/p>\n

LA wildfires bring another health hazard: smoke<\/span><\/a><\/p>\n

In addition to financial and environmental damage, LA wildfires pose severe health risks as smoke pollution reaches hazardous levels.<\/p>\n

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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

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Legal<\/h2>\n

Amazon facing lawsuit over use of forfeited 401(k) funds, potential violation of ERISA<\/span><\/a><\/p>\n

Amazon\u2019s alleged mismanagement of employee retirement funds has prompted a lawsuit, raising questions about compliance with federal regulations.<\/p>\n

Infosys files counter lawsuit against Cognizant and CEO<\/span><\/a><\/p>\n

A legal battle between Infosys and Cognizant intensifies, with accusations of intellectual property disputes and contractual violations.<\/p>\n

Apple fights patent lawsuit over iPhone 15 camera tech<\/span><\/a><\/p>\n

Apple is engaged in a legal dispute over the technology in its iPhone 15 camera, defending its innovations against patent infringement claims.<\/p>\n

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Mergers & Acquisitions<\/h2>\n

Chevron confident of Hess merger, positioned to increase its free cash flow by $6 billion to $8 billion by next year<\/span><\/a><\/p>\n

Chevron\u2019s acquisition of Hess is on track, with optimistic forecasts for enhanced cash flow and operational synergies.<\/p>\n

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\n

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Insurance<\/h2>\n

 <\/p>\n

California’s wildfires may also be catastrophic for its insurance market<\/span><\/a><\/p>\n

The state\u2019s insurance market faces unprecedented challenges as wildfire-related claims soar, prompting discussions on the future of risk management in disaster-prone areas.<\/p>\n

 <\/p>\n

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

 <\/p>\n

\n

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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 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. To kickstart 2025, we’re highlighting risk signals for January […]<\/p>\n","protected":false},"author":10,"featured_media":2046,"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-2038","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: January 1 - 15, 2025 | 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, labor strikes, and ESG.\" \/>\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-january-1-15-2025\/\" \/>\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: January 1 - 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