{"id":2065,"date":"2025-02-23T20:30:44","date_gmt":"2025-02-24T04:30:44","guid":{"rendered":"https:\/\/global.craft.co\/?p=2065"},"modified":"2025-02-23T20:49:15","modified_gmt":"2025-02-24T04:49:15","slug":"the-risk-savvy-report-february-4-21-2025","status":"publish","type":"post","link":"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-february-4-21-2025\/","title":{"rendered":"The Risk Savvy Report: February 4 – 21, 2025"},"content":{"rendered":"

Welcome to the latest edition of The Risk Savvy Report, your go-to source for insights on global supply chain trends. In this issue, we cover significant developments from February 4 to 21, 2025, across various sectors, including automotive, trade, labor, technology, and environmental concerns.<\/span><\/p>\n

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

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Global Trade & Tariff Implications<\/h2>\n

Donald Trump tariff bombshell sparks crisis UK union talks over escalation fears<\/span><\/a><\/p>\n

Recent tariff announcements have led to urgent discussions among UK unions, concerned about potential escalations and their effects on workers.<\/span><\/p>\n

European Union fires back at Trump’s tariff threat with strong warning and plans for countermeasures<\/span><\/a><\/p>\n

In response to U.S. tariff threats, the EU has issued warnings and is preparing countermeasures to protect its economic interests.<\/span><\/p>\n

Trump’s 25% Tariffs A ‘Self-Inflicted Wound,’ Says Economist Amid Warnings Of Fewer American Jobs \u2014 Peter Schiff Says You’ll Pay More For Cars And Homes<\/span><\/a><\/p>\n

Economists, including Peter Schiff, warn that proposed tariffs could lead to job losses and increased consumer prices in sectors like automotive and housing.<\/span><\/p>\n

With contract vote looming on the east coast, Trump\u2019s tariffs would place a heavy burden on dockworkers<\/span><\/a><\/p>\n

Upcoming contract votes for East Coast dockworkers are overshadowed by concerns that new tariffs could impose additional hardships on laborers.<\/span><\/p>\n

Tariff fears help Port of Long Beach containers to best start on record<\/span><\/a><\/p>\n

Despite uncertainties, the Port of Long Beach reports record container volumes, partly driven by companies expediting shipments ahead of potential tariff implementations.<\/span><\/p>\n

Global Shipping Giant Maersk Warns of Cargo Delays at Mombasa Port<\/span><\/a><\/p>\n

Maersk has alerted clients to possible cargo delays at Kenya’s Mombasa Port, citing operational challenges and advising on contingency plans.<\/span><\/p>\n

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

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Automotive Industry Challenges<\/h2>\n

Ford CEO says factory jobs \u201cat risk\u201d if Trump repeals EV credits<\/span><\/a><\/p>\n

Ford’s CEO has expressed concerns that potential policy changes regarding electric vehicle credits could jeopardize factory employment.<\/span><\/p>\n

Tariffs, Strikes Could Deeply Impact International Auto Industry<\/span><\/a><\/p>\n

The global automotive sector faces potential disruptions due to proposed tariffs and ongoing labor strikes, which could affect production and supply chains.<\/span><\/p>\n

Trump\u2019s Steel and Aluminum Tariffs Disastrous for Industry, says Unifor President<\/span><\/a><\/p>\n

The president of Unifor has criticized the administration’s tariffs on steel and aluminum, highlighting their negative impact on the industry.<\/span><\/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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Corporate & Labor Relations<\/h2>\n

Nikola files Chapter 11 bankruptcy; former hydrogen-hype darling seeks sale<\/span><\/a><\/p>\n

Electric vehicle manufacturer Nikola has filed for Chapter 11 bankruptcy and is seeking potential buyers for its assets.<\/span><\/p>\n

Fears of MORE tax hikes as economists warn on Labour’s spending plans<\/span><\/a><\/p>\n

Economists express concerns that proposed spending plans could lead to additional tax increases, affecting businesses and consumers alike.<\/span><\/p>\n

Justice Department moves to drop SpaceX hiring discrimination lawsuit<\/span><\/a><\/p>\n

The DOJ is seeking to dismiss a lawsuit alleging discriminatory hiring practices by SpaceX, a move that could have broader implications for employment law.<\/span><\/p>\n

Japan semiconductor makers looking to Vietnam amid labor shortage at home<\/span><\/a><\/p>\n

Facing domestic labor shortages, Japanese semiconductor companies are exploring production opportunities in Vietnam to meet demand.<\/span><\/p>\n

IBM return-to-office scheme is reportedly targeting older workers<\/span><\/a><\/p>\n

Reports suggest that IBM’s return-to-office policies may disproportionately affect older employees, raising concerns about potential age discrimination.<\/span><\/p>\n

Unpaid wages: IT firm in Singapore under fire, says MoM<\/span><\/a><\/p>\n

A Singapore-based IT company faces scrutiny from the Ministry of Manpower over allegations of unpaid wages to its employees.<\/span><\/p>\n

Trump nominee pledges fair safety investigations into Tesla at U.S. Transportation Department<\/span><\/a><\/p>\n

A nominee for the U.S. Transportation Department has committed to impartial safety investigations into Tesla’s operations and practices.<\/span><\/p>\n

Unions seek to rescind mass firings by Trump administration<\/span><\/a><\/p>\n

Labor unions are challenging widespread dismissals enacted by the previous administration, aiming to reinstate affected workers.<\/span><\/p>\n

The United Steelworkers union demands Canadian materials for high-speed rail project amid U.S. tariff threats<\/span><\/a><\/p>\n

In response to tariff threats, the United Steelworkers union advocates for the use of Canadian materials in national infrastructure projects to support local industries.<\/span><\/p>\n

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Technological & Ethical Considerations<\/h2>\n

UK use of predictive policing is racist and should be banned, says Amnesty<\/span><\/a><\/p>\n

Amnesty International has criticized the UK’s implementation of predictive policing technologies, calling for their ban due to alleged racial biases.<\/span><\/p>\n

The AI-fication of Jobs \u2014 Preparing Ourselves for the Future of Work<\/span><\/a><\/p>\n

As artificial intelligence increasingly integrates into various industries, there is a pressing need to prepare the workforce for the evolving employment landscape.<\/span><\/p>\n

China\u2019s 2024 labour unrest: Surging worker strikes amid censorship and economic strain<\/span><\/a><\/p>\n

China has experienced a rise in labor strikes, attributed to economic pressures and restrictive information policies, affecting both domestic and international businesses.<\/span><\/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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Environmental & Health Concerns<\/h2>\n

As crews clean up from LA wildfires, some residents are furious over hazardous waste<\/span><\/a><\/p>\n

Cleanup operations following Los Angeles wildfires have led to resident outrage over the handling and disposal of hazardous materials.<\/span><\/p>\n

Reports reveal health, environmental impacts from Northeast Philadelphia plane crash<\/span><\/a><\/p>\n

Investigations into a plane crash in Northeast Philadelphia have uncovered significant health and environmental consequences, prompting calls for comprehensive remediation efforts.<\/span><\/p>\n

Businesses should prepare for climate disorder<\/span><\/a><\/p>\n

Experts advise that companies proactively develop strategies to address potential disruptions caused by climate change, ensuring operational resilience.<\/span><\/p>\n

Judge issues second decision upholding Biden ESG labor rule<\/span><\/a><\/p>\n

A federal judge has reaffirmed the legality of an ESG-focused labor rule introduced by the Biden administration, emphasizing its alignment with current labor policies.<\/span><\/p>\n

UN report: China expands forced labor in Xinjiang, Tibet<\/span><\/a><\/p>\n

A United Nations report indicates an increase in forced labor practices in China’s Xinjiang and Tibet regions, raising international human rights concerns.<\/span><\/p>\n

Major pay hikes sought again at start of labor negotiations<\/span><\/a><\/p>\n

As labor negotiations commence, unions are advocating for substantial wage increases to address cost-of-living adjustments and income disparities.<\/span><\/p>\n

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Legal & Regulatory<\/h2>\n

Trump FCC threatens radio station for reporting on ICE raid, expanding assault on press freedom<\/span><\/a><\/p>\n

Reports indicate that the FCC, under the Trump administration, has threatened a radio station over its coverage of an ICE raid, raising concerns about press freedom.<\/span><\/p>\n

Switzerland Unfreezes $15M in Seized Assets of Russians Implicated in Magnitsky Case<\/span><\/a><\/p>\n

The Swiss government has released $15 million in frozen assets linked to Russian individuals accused of human rights violations under the Magnitsky Act.<\/span><\/p>\n

The Latest: Judge declines to block Musk and DOGE from accessing federal data or laying off workers<\/span><\/a><\/p>\n

A court ruling has allowed Elon Musk and DOGE to proceed with accessing federal data and layoffs despite legal challenges.<\/span><\/p>\n

Judge rules against labor unions, in favor of Trump in federal buyout case<\/span><\/a><\/p>\n

A federal judge has sided with the Trump administration in a high-profile labor dispute, rejecting union efforts to overturn a controversial buyout plan.<\/span><\/p>\n

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Supply Chain & Transportation Disruptions<\/h2>\n

Maersk skips call at Rotterdam as labour issues bring delay<\/span><\/a><\/p>\n

Labor disputes at European ports have forced global shipping giant Maersk to bypass Rotterdam, exacerbating supply chain bottlenecks.<\/span><\/p>\n

Container Shipping Stocks Surge On Red Sea Disruptions<\/span><\/a><\/p>\n

Rising geopolitical tensions and disruptions in the Red Sea have led to a surge in container shipping stocks as companies navigate supply chain risks.<\/span><\/p>\n

Labour minister says Canada is working to prevent U.S. tariffs on vehicles<\/span><\/a><\/p>\n

Canada\u2019s labor minister has confirmed ongoing negotiations aimed at preventing the implementation of U.S. tariffs on Canadian-manufactured vehicles.<\/span><\/p>\n

Switzerland Aims to Sign Deal With European Union by Early 2026<\/span><\/a><\/p>\n

Swiss officials are pushing to finalize a comprehensive trade agreement with the European Union within the next year, aiming to strengthen economic ties.<\/span><\/p>\n

Learn how to understand the financial risks of your suppliers.<\/em><\/a><\/p>\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 insights on global supply chain trends. 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