{"id":2107,"date":"2025-04-01T13:39:08","date_gmt":"2025-04-01T20:39:08","guid":{"rendered":"https:\/\/global.craft.co\/?p=2107"},"modified":"2025-04-01T13:48:08","modified_gmt":"2025-04-01T20:48:08","slug":"the-risk-savvy-report-march-18-31-2025","status":"publish","type":"post","link":"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-march-18-31-2025\/","title":{"rendered":"The Risk Savvy Report: March 18 &#8211; 31, 2025"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Welcome to the latest edition of The Risk Savvy Report, your comprehensive source for insights on global supply chain trends. In this issue, we examine significant developments from March 18 to March 31, 2025, across various sectors, including trade policies, labor movements, environmental concerns, and legal challenges.<\/span><\/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><a href=\"https:\/\/www.cnet.com\/personal-finance\/tariffs-explained-what-theyll-mean-for-your-costs-with-a-week-to-go\/\"><b>Tariffs Explained: Impending Cost Implications<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">As the implementation date for new tariffs approaches, businesses worldwide are bracing for increased costs and supply chain disruptions. Companies are advised to assess their exposure and develop mitigation strategies to navigate the evolving trade landscape.\u200b\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.trains.com\/trn\/news-reviews\/news-wire\/proposed-u-s-port-fees-on-chinese-vessels-could-change-intermodal-shipping-patterns\/\"><b>Proposed U.S. Port Fees on Chinese Vessels May Alter Shipping Patterns<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The U.S. government&#8217;s proposal to impose additional port fees on Chinese vessels has raised concerns about potential shifts in intermodal shipping patterns. Industry analysts suggest that these fees could lead to rerouting of cargo and increased operational costs for logistics providers.\u200b<\/span><\/p>\n<p><a href=\"https:\/\/www.portseurope.com\/european-ports-see-flurry-of-pre-tariff-activity\/\"><b>European Ports Experience Surge in Pre-Tariff Activity<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">In anticipation of upcoming tariffs, European ports are witnessing a flurry of activity as importers expedite shipments to avoid additional costs. This surge is placing temporary strain on port operations and logistics networks across the continent.\u200b<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/global.craft.co\/resource\/five-steps-to-successfully-navigate-tariffs\/\"><em>Learn more about how to successfully navigate tariffs.<\/em><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2>Labor Strikes &amp; Workforce Issues<\/h2>\n<p><a href=\"https:\/\/hoodline.com\/2025\/03\/florida-senate-bill-reignites-debate-over-child-labor-laws-proposes-extended-work-hours-for-minors\/\"><b>Florida Senate Bill Reignites Child Labor Law Debates<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">A new bill proposed in the Florida Senate aims to extend permissible work hours for minors, reigniting debates over child labor laws. Advocates express concern over the potential impact on youth education and well-being, while supporters argue for increased flexibility in the workforce.\u200b<\/span><\/p>\n<p><a href=\"https:\/\/thereminder.com\/local-news\/hampden-county\/springfield\/u-s-postal-workers-protest-possible-privatization\/\"><b>U.S. Postal Workers Protest Potential Privatization<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Postal workers across the United States have initiated protests against discussions of privatizing the U.S. Postal Service. Employees fear that privatization could lead to job losses, reduced benefits, and diminished service quality for the public.\u200b<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><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<h2>Environmental Impact &amp; Natural Disasters<\/h2>\n<p><a href=\"https:\/\/www.outlooktraveller.com\/whats-new\/japan-issues-guidelines-and-advisory-if-mount-fuji-erupts\"><b>Japan Issues Guidelines for Mount Fuji Eruption<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">For the first time, Japan has released comprehensive guidelines, including evacuation plans, to prepare for a potential eruption of Mount Fuji. Authorities aim to enhance public safety and minimize disruption in the event of volcanic activity.\u200b<\/span><\/p>\n<p><a href=\"https:\/\/www.uaemoments.com\/a-77-earthquake-hits-myanmar-leaving-144-dead-726613.html\"><b>7.7 Magnitude Earthquake Strikes Myanmar<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">A devastating 7.7 magnitude earthquake hit Myanmar, resulting in at least 144 fatalities and over 700 injuries. The quake caused widespread destruction of infrastructure, complicating rescue and relief efforts in the affected regions. \u200b<\/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>Legal Developments<\/h2>\n<p><a href=\"https:\/\/www.classaction.org\/news\/2.5m-apple-federal-credit-union-settlement-ends-class-action-lawsuit-over-overdraft-fees\"><b>Apple Federal Credit Union Settles Overdraft Fee Lawsuit<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Apple Federal Credit Union has agreed to a $2.5 million settlement, concluding a class-action lawsuit alleging improper overdraft fee practices. The settlement underscores the ongoing scrutiny financial institutions face regarding fee transparency and consumer rights.\u200b<\/span><\/p>\n<p data-start=\"2769\" data-end=\"2854\">\u200b<\/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<p>&nbsp;<\/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 examine significant developments from March 18 to March 31, 2025, across various sectors, including trade policies, [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":2108,"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-2107","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: March 18 - 31, 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-march-18-31-2025\/\" \/>\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: March 18 - 31, 2025\" \/>\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 financial risk, labor strikes, and ESG.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-march-18-31-2025\/\" \/>\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=\"2025-04-01T20:39:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-01T20:48:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/global.craft.co\/wp-content\/uploads\/2025\/03\/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=\"3 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-march-18-31-2025\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/global.craft.co\/blog\/the-risk-savvy-report-march-18-31-2025\/\"},\"author\":{\"name\":\"Liliana Munoz\",\"@id\":\"https:\/\/global.craft.co\/#\/schema\/person\/4f3473ed2ca1a82c9b5b86467f4eaf64\"},\"headline\":\"The Risk Savvy Report: March 18 &#8211; 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