{"id":2083,"date":"2025-03-18T10:03:42","date_gmt":"2025-03-18T17:03:42","guid":{"rendered":"https:\/\/global.craft.co\/?p=2083"},"modified":"2025-03-18T10:03:42","modified_gmt":"2025-03-18T17:03:42","slug":"the-risk-savvy-report-february-22-march-17-2025","status":"publish","type":"post","link":"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-february-22-march-17-2025\/","title":{"rendered":"The Risk Savvy Report: February 22 &#8211; March 17, 2025"},"content":{"rendered":"<p>Welcome to the latest edition of The Risk Savvy Report, your comprehensive source for insights on global supply chain trends. In this issue, we explore significant developments from February 2022 to March 14, 2025, across various sectors, including trade policies, labor movements, environmental concerns, legal challenges, and supply chain disruptions.<\/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>Global Trade &amp; Tariff Implications<\/h2>\n<p data-start=\"394\" data-end=\"453\"><a href=\"https:\/\/apnews.com\/article\/tariffs-trade-trump-europe-canada-mexico-china-06f20e415ec7c706194511c84350b84b\"><strong data-start=\"394\" data-end=\"453\">Trump Initiates New Trade War: A Timeline of Escalation<\/strong><\/a><\/p>\n<p data-start=\"455\" data-end=\"612\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">In early 2025, President Donald Trump launched a series of aggressive trade measures, imposing sweeping tariffs on key trade partners, including the European Union, Canada, Mexico, and China.<\/span> <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">These actions have sparked significant economic and political tensions worldwide.<\/span> \u200b<span class=\"ml-1 inline-flex max-w-full items-center relative top-[-0.094rem]\"><a class=\"flex h-6 overflow-hidden rounded-xl px-2.5 text-[0.5625em] font-medium !bg-[#F4F4F4] !text-token-text-secondary dark:!bg-[#303030]\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/jan\/27\/trump-first-100-days-guide\" target=\"_blank\" rel=\"noopener\"><span class=\"relative bottom-0 left-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-full grow overflow-hidden truncate text-center\">Read more<\/span><\/span><\/span><\/a><\/span><\/p>\n<p data-start=\"614\" data-end=\"667\"><a href=\"https:\/\/lnginnorthernbc.ca\/2025\/03\/12\/fighting-tariffs-european-union-announces-retaliation-against-usa\/\"><strong data-start=\"614\" data-end=\"667\">European Union&#8217;s Retaliation Against U.S. Tariffs<\/strong><\/a><\/p>\n<p data-start=\"669\" data-end=\"788\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">In response to the U.S. tariffs, the European Union announced plans for countermeasures to protect its economic interests, signaling a potential escalation in trade disputes.<\/span> <a href=\"https:\/\/lnginnorthernbc.ca\/2025\/03\/12\/fighting-tariffs-european-union-announces-retaliation-against-usa\/\">\u200bRead more<\/a><\/p>\n<p data-start=\"790\" data-end=\"837\"><a href=\"https:\/\/evrimagaci.org\/tpg\/steelworkers-union-fights-back-against-us-tariffs-259846#google_vignette\"><strong data-start=\"790\" data-end=\"837\">Impact on Domestic Industries and Workforce<\/strong><\/a><\/p>\n<p data-start=\"839\" data-end=\"998\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">Economists have warned that the proposed tariffs could lead to job losses and increased consumer prices in sectors like automotive and housing.<\/span> <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">The Steelworkers Union is actively opposing these measures, citing concerns over employment and industry stability.<\/span> \u200b<a href=\"https:\/\/evrimagaci.org\/tpg\/steelworkers-union-fights-back-against-us-tariffs-259846#google_vignette\">Read more<\/a><\/p>\n<p data-start=\"1000\" data-end=\"1050\"><a href=\"https:\/\/www.northcountrynow.com\/stories\/alcoa-ceo-says-aluminum-tariffs-could-cost-jobs-trump-eyes-hikes-for-canadian-imports,288264\"><strong data-start=\"1000\" data-end=\"1050\">Alcoa CEO Highlights Risks of Aluminum Tariffs<\/strong><\/a><\/p>\n<p data-start=\"1052\" data-end=\"1177\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">The CEO of Alcoa has expressed concerns that aluminum tariffs could result in job losses within the industry, highlighting the potential negative impact on domestic manufacturing. <a href=\"https:\/\/www.northcountrynow.com\/stories\/alcoa-ceo-says-aluminum-tariffs-could-cost-jobs-trump-eyes-hikes-for-canadian-imports,288264\">Read more<\/a><\/span><\/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 data-start=\"1179\" data-end=\"1209\">Bankruptcy &amp; Financial Risk<\/h2>\n<p data-start=\"1211\" data-end=\"1254\"><a href=\"https:\/\/natlawreview.com\/article\/weekly-bankruptcy-alert-march-17-2025-week-ending-march-16-2025#google_vignette\"><strong data-start=\"1211\" data-end=\"1254\">Weekly Bankruptcy Alert: March 17, 2025<\/strong><\/a><\/p>\n<p data-start=\"1256\" data-end=\"1341\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">The latest bankruptcy reports indicate a rise in filings across various sectors, reflecting ongoing economic challenges and the impact of recent trade policies.<\/span>\u200b<\/p>\n<p data-start=\"1343\" data-end=\"1378\"><a href=\"https:\/\/www.audacy.com\/931jackfm\/news\/forever-21-files-for-bankruptcy-plans-to-shutter-us-stores\"><strong data-start=\"1343\" data-end=\"1378\">Forever 21 Files for Bankruptcy<\/strong><\/a><\/p>\n<p data-start=\"1380\" data-end=\"1505\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">Retail giant Forever 21 has filed for bankruptcy, announcing plans to close multiple U.S. stores.<\/span> <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">This development underscores the financial pressures facing the retail industry amid changing consumer behaviors and economic uncertainties.<\/span><\/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<h2 data-start=\"1507\" data-end=\"1535\">Labor Strikes &amp; Workforce<\/h2>\n<p data-start=\"1537\" data-end=\"1577\"><a href=\"https:\/\/www.outlookindia.com\/international\/mass-strike-disrupts-operations-at-germanys-major-airports\"><strong data-start=\"1537\" data-end=\"1577\">Mass Strikes Disrupt German Airports<\/strong><\/a><\/p>\n<p data-start=\"1579\" data-end=\"1664\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">Operations at major German airports have been severely disrupted due to mass strikes, affecting thousands of passengers and highlighting ongoing labor disputes within the aviation sector.<\/span>\u200b<\/p>\n<p data-start=\"1666\" data-end=\"1718\"><a href=\"https:\/\/www.livemint.com\/news\/world\/elon-musks-tesla-threatens-to-stop-pay-for-sick-employees-in-germany-netizen-calls-it-illegal-get-out-of-europe-11742087886366.html\"><strong data-start=\"1666\" data-end=\"1718\">Tesla&#8217;s Labor Policies Under Scrutiny in Germany<\/strong><\/a><\/p>\n<p data-start=\"1720\" data-end=\"1805\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">Tesla has faced criticism in Germany for threatening to withhold pay from sick employees, sparking debates over workers&#8217; rights and corporate responsibilities.<\/span>\u200b<\/p>\n<p data-start=\"1807\" data-end=\"1868\"><a href=\"https:\/\/www.thestate.com\/news\/local\/environment\/article302061599.html\"><strong data-start=\"1807\" data-end=\"1868\">Federal Workforce Reductions Impact Environmental Studies<\/strong><\/a><\/p>\n<p data-start=\"1870\" data-end=\"1955\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">The Trump administration&#8217;s reduction of federal workers has raised concerns about the potential hindrance to environmental and scientific studies, particularly in South Carolina.<\/span><\/p>\n<p data-start=\"1980\" data-end=\"2033\"><a href=\"https:\/\/koreajoongangdaily.joins.com\/news\/2025-03-11\/business\/industry\/Hyundai-Motor-slacked-on-safety-measures-at-plant-where-three-workers-died-Korean-govt-finds\/2259680\"><strong data-start=\"1980\" data-end=\"2033\">Hyundai&#8217;s Safety Lapses Lead to Worker Fatalities<\/strong><\/a><\/p>\n<p data-start=\"2035\" data-end=\"2120\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">An investigation by the Korean government revealed that Hyundai Motor failed to implement adequate safety measures at a plant where three workers died, raising serious concerns about the company&#8217;s commitment to employee welfare.<\/span><\/p>\n<p>&nbsp;<\/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<h2 data-start=\"2122\" data-end=\"2141\">Legal Challenges<\/h2>\n<p data-start=\"2143\" data-end=\"2189\"><a href=\"https:\/\/www.classaction.org\/news\/bank-of-america-facing-class-action-lawsuit-over-alleged-failure-to-disclose-bill-pay-eligibility-requirement\"><strong data-start=\"2143\" data-end=\"2189\">Bank of America Faces Class Action Lawsuit<\/strong><\/a><\/p>\n<p data-start=\"2191\" data-end=\"2276\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">Bank of America is confronting a class-action lawsuit over allegations of failing to disclose bill pay eligibility requirements, bringing attention to transparency practices in the banking sector.<\/span>\u200b<\/p>\n<p data-start=\"2278\" data-end=\"2316\"><a href=\"https:\/\/www.classaction.org\/blog\/fairlife-class-action-lawsuit-filed-over-new-animal-cruelty-allegations\"><strong data-start=\"2278\" data-end=\"2316\">Fairlife Accused of Animal Cruelty<\/strong><\/a><\/p>\n<p data-start=\"2318\" data-end=\"2403\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">A class-action lawsuit has been filed against Fairlife, alleging new instances of animal cruelty, which could significantly impact the company&#8217;s reputation and consumer trust.<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p data-start=\"2035\" data-end=\"2120\">\u200b\u200b<\/p>\n<h2 data-start=\"2405\" data-end=\"2437\">Supply Chain &amp; Transportation<\/h2>\n<p data-start=\"2439\" data-end=\"2489\"><a href=\"https:\/\/www.thenassauguardian.com\/business\/proposed-us-port-fee-on-chinese-built-cargo-ships-could-elevate-costs\/article_c0b2bfc4-0057-11f0-89b3-f75170d013cc.html\"><strong data-start=\"2439\" data-end=\"2489\">Proposed U.S. Port Fees on Chinese-Built Ships<\/strong><\/a><\/p>\n<p data-start=\"2491\" data-end=\"2576\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">The U.S. has proposed new port fees on Chinese-built cargo ships, a move that could increase shipping costs and affect global supply chains.<\/span>\u200b<\/p>\n<p data-start=\"2578\" data-end=\"2631\"><a href=\"https:\/\/theindependent.sg\/crime-wave-continues-to-plague-singapore-strait-an-increasing-threat-to-maritime-security-in-2025\/#google_vignette\"><strong data-start=\"2578\" data-end=\"2631\">Maritime Security Threats in the Singapore Strait<\/strong><\/a><\/p>\n<p data-start=\"2633\" data-end=\"2718\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">A surge in criminal activities continues to plague the Singapore Strait, posing increasing threats to maritime security and international shipping routes in 2025.<\/span>\u200b<\/p>\n<p data-start=\"2720\" data-end=\"2767\"><a href=\"https:\/\/dnyuz.com\/2025\/03\/12\/a-giant-container-ship-got-stuck-in-the-suez-canal\/\"><strong data-start=\"2720\" data-end=\"2767\">Suez Canal Blockage by Giant Container Ship<\/strong><\/a><\/p>\n<p data-start=\"2769\" data-end=\"2854\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem]\">A massive container ship became lodged in the Suez Canal, disrupting one of the world&#8217;s busiest trade routes and causing significant delays in global shipping.<\/span><\/p>\n<p data-start=\"2769\" data-end=\"2854\"><strong><a href=\"https:\/\/finance.yahoo.com\/news\/steel-buyers-enter-tariff-era-110000697.html?guccounter=1\">Steel Buyers Enter Tariff Era as Ships Rerouted, Trucks Halted<\/a><\/strong><\/p>\n<p data-start=\"2769\" data-end=\"2854\">Immediate effects of the newly imposed 25% U.S. tariffs on steel and aluminum imports, highlighting how companies are rerouting shipments and halting truck deliveries to mitigate increased costs<\/p>\n<p data-start=\"2769\" data-end=\"2854\">\u200b<\/p>\n<p data-start=\"2856\" data-end=\"2962\"><em data-start=\"2856\" data-end=\"2962\">Stay informed with The Risk Savvy Report for the latest updates on global supply chain risks and trends.<\/em><\/p>\n<p>&nbsp;<\/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 comprehensive source for insights on global supply chain trends. In this issue, we explore significant developments from February 2022 to March 14, 2025, across various sectors, including trade policies, [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":2084,"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-2083","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: February 22 - March 17, 2025 | 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 financial risk, 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-february-22-march-17-2025\/\" \/>\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: February 22 - March 17, 2025\" \/>\n<meta property=\"og:description\" content=\"Stay ahead of supplier risk with Craft&#039;s &quot;Risk Savvy Report,&quot; 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