Within hours of Toys "R" Us's bankruptcy filing last month, the maker of Max Tow Truck and Animal Babies Nursery sounded a financial alarm of its own: Jakks Pacific, the company said, expected to swing to a loss this year as a result of the mega-retailer's bankruptcy.
The U.K.'s Freight Transport Association (FTA) welcomed Prime Minister Teresa May's call last week for a transition period as a key priority for Brexit negotiations. But, as May's Tories grip on power continues to erode against an ascendant Labor party, the prime minister's pragmatic turn might be too little, too late, and the future of U.K.-E.U. trade remains unclear.
Nearly a year after an Indonesian court ordered a timber company to pay country's largest ever fine for deforestation, the government has been unable to collect the money, prompting campaigners to call for tougher sanctions against illegal loggers.
The International Union of Marine Insurance has called for better fire-fighting systems on board container ships, citing its concern that current provisions are insufficient given the growing size of container vessels and a recent spate of fires on board ships.
Procurement professionals need to be aware of the links between the poor employment practices linked to the gig economy and modern slavery, a European government official warns.
The World Trade Organization this month upped its forecast for global trade growth in 2017 thanks to stronger than expected demand for merchandise in Asia and North America.
Companies know that climate change and severe weather events can significantly impacts their business, but preparing for such events can be a challenge.
Consumers these days are no longer strangers to the dark underbelly of the $3tr fashion industry. The textile and garment industry, second only to oil in its polluting effects, has been criticized for its labor standards, hazardous chemicals, and greenhouse gas and waste production.