The European Parliament has voted to approve a new law aimed at promoting corporate responsibility and accountability across global supply chains. The Corporate Sustainability Due Diligence Directive (CSDDD) will legally require large companies operating in the EU to identify and prevent environmental and human rights abuses throughout their operations and value chains.
In a joint effort to disrupt Russia's earnings from the export of metals, the United States Department of the Treasury, in collaboration with the United Kingdom, has introduced two significant measures aimed at limiting the flow of Russian-origin aluminum, copper, and nickel.
The European Supervisory Authorities (ESAs), comprising the European Banking Authority (EBA), the European Insurance and Occupational Pension Authority (EIOPA), and the European Securities and Markets Authority (ESMA), have commenced recruitment processes for the establishment of a joint oversight team as mandated by the Digital Operational Resilience Act (DORA).
In the wake of the devastating collision between the container ship Dali and the Francis Scott Key Bridge in Baltimore on Tuesday morning, supply chain and third-party risk specialists are closely examining the ramifications of this incident on global trade networks. As experts in identifying and mitigating vulnerabilities within supply chains, they underscore the critical role played by ports like Baltimore and the far-reaching consequences of disruptions in such key nodes.
In response to the ongoing repercussions of the COVID-19 pandemic on the grocery supply chain, the Federal Trade Commission (FTC) has unveiled a comprehensive report shedding light on the causes and consequences of disruptions within the industry. The report, released today, reveals a stark reality: major market players accelerated and distorted the adverse effects of supply chain disruptions, impacting consumers and smaller businesses disproportionately.
European Parliament Member Axel Voss (EPP, DE) has taken to LinkedIn to circulate the revised version of the CSDDD, ahead of its imminent presentation to the EU Parliament for approval.
At the beginning of last month, news broke that Bank of America had been hit by a data breach. The breach occurred within a third-party service provider, Infosys McCamish Systems LLC (IMS), late last year. As more information has come out it has been revealed that other organizations, notably including Northwestern Mutual, have been affected. According to reports, a ransomware group known as LockBit is responsible for the breach.