A new report argues that supply chain audits are ineffective at improving compliance and act merely to embed an unhealthy status quo in multinational offshore sourcing.
Although rates have risen from the historic lows of early 2016, uncertainty for the global container shipping market in 2017 will be uncertain, according to Xeneta, a company that provides market intelligence platform for containerized ocean freight.
Lingerie giant Victoria's Secret, famed for its racy bras and thongs, has pledged to trace the sources of its wood-based fabrics, joining the ranks of fashion companies addressing human rights and deforestation, its parent company said.
The word in Davos: Ignore the tweets. Executives gathered in the Swiss resort for the World Economic Forum last week kept repeating, like a soothing mantra, that Donald Trump is at heart a pragmatist who will avoid trade wars and regulations that make it harder to do business.
Ikea says it will invest $1.1bn in forestry and companies developing recycling technologies, renewable energy and biomaterials as part of the retail giant's plan to secure a long-term supply of sustainable materials for its products.
Home goods and apparel manufacturers: Consumers are voicing their concerns, according to the results of a cotton survey conducted by Harris Poll. With a new president focused on protecting products born in the U.S., consumers may be looking more closely at product origins, and could demand greater transparency.
Drewry Financial Research said last week that after the collapse of Hanjin Shipping last fall, Taiwanese carrier Yang Ming has taken pole position as the most debt-burdened container line in the industry.
When I first moved to California in 1990, I was told by Stanford's campus housing people to keep an earthquake emergency box on hand at all times. Its contents included a radio, flashlights, warm clothes, medical supplies and a few other items. Later in Boston, I stuck with the idea, but added stuff suited to hurricanes, blizzards and extreme cold. After Sept. 11, the kit got still bigger - food, water, fuel, camping supplies, even weapons. It became known as the Anarchy Closet.
Toyota Motor Corp. and Nissan Motor Co. say they'll keep making cars in the U.K. despite Prime Minister Theresa May's plan to leave the European Union's single market, which could make exporting from British factories less lucrative.