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Regulation & Compliance: Page 193

AI Wants to Bring Trust to Supply Chains. Can It Be Trusted?

AI seems like the ideal tool for sussing out supply chain vulnerabilities. But can we trust the algorithms?

Digital binary code, data numbers and secure lock icons can be seen on a hacker's hands above a computer keyboard with a dark blue tone background. Photo: iStock.com/Techa Tungateja

Chinese Chipmaker Asks Suppliers to Buy Back Banned Gear

“Machine suppliers should buy back the equipment and components we have purchased legally if we can’t use them,” said Yangtze Memory chairman and acting CEO Chen Nanxiang.

Photo: Bloomberg

EU and Japan Agree to Cooperate on Digital and International Trade

The principles establish a common understanding of key digital trade issues and a joint commitment to create an open digital economy that's free of “unjustified” international trade barriers.

Photo: iStock.com/Oleksii Liskonih

U.S. Merchandise-Trade Deficit Shrinks on Decline in Imports

The shortfall in goods trade narrowed by 6.1% to $91.1 billion, according to Commerce Department data released on June 28.

Long Beach, California. June 2023. Photo: Eric Thayer/Bloomberg

Sen. Tillis Co-Introduces Legislation to Limit the Department of Energy's Power

Under the proposed law, all U.S. distribution transformers would be required to shift from industry-standard grain-oriented electrical steel cores to amorphous steel cores.

Photo: iStock.com/WangAnQi

Boeing’s Main 737 Supplier, Union Forge Agreement to End Strike

The latest terms of the contract sweeten management’s previous offer of health insurance and increased wages while also limiting mandatory overtime.

Paris Air Show, Paris, France. June 20, 2023. Photo: Bloomberg

Nestle Puts KitKat Carbon Neutrality in Greenwashing Graveyard

Nestle joins airline EasyJet Plc and Gucci owner Kering in backing away from so-called carbon offsetting as a way to meet net zero emissions targets.

Photo: Hollie Adams/Bloomberg

Hungarian Minister Warns Against China 'De-Risking'

“Political leaders in Europe... are interested in so-called decoupling or de-risking. Which, to be honest, according to our understanding, would be [economic] suicide,” said Hungary’s Foreign Minister.

Photo: iStock.com/Oleksii Liskonih

Japan Reinstates South Korea as a Preferred Trading Partner

The restored status will take effect July 21, 2023, according to a June 27 statement from Japanese trade minister Yasutoshi Nishimura.

Yoon Suk Yeol (left) and Fumio Kishida (right). Tokyo, Japan. March 16, 2023. Photo: Kiyoshi Ota/Bloomberg

How to Promote Sustainability in the Distribution Industry

As consumers demand more sustainable practices, and governments increase regulations, businesses must promote environmental responsibility, and change how they operate.

Photo: iStock.com/THEPALMER

European Gas Advances as Market Focuses on Outages, Hot July

"Temperatures above the norm across Europe could potentially increase energy demand for cooling purposes,” said Energi Danmark in a note.

Photo: Oliver Bunic/Bloomberg

China Prepares to Sell Cotton from Reserves on Supply Concerns

China imported just 490,000 tons of cotton during the first five months of 2023, half the amount compared to the same period in 2022.

China. April 2011. Photo: Nelson Ching/Bloomberg

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