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Regulation & Compliance: Page 407

Companies, Organizations Worldwide Lose 5 Percent of Revenues to Internal Theft, Study Says

Organizations around the world lose an estimated 5 percent of their annual revenues to occupational fraud, according to a survey of certified fraud examiners who investigated cases between January 2012 and December 2013. Applied to the estimated 2013 gross world product, this figure translates to a potential total fraud loss of more than $3.5tr.

Elon Musk Looks to Blast His Way Into Pentagon's Satellite Business

There's a custom in Washington that U.S. defense contractors don't talk trash about their competitors, at least not in public. After fiercely competing for multibillion-dollar Pentagon contracts, the winner often placates the loser with a piece of the action. When Lockheed Martin was awarded the contract to build the F-22 fighter jet, it hired Northrop Grumman to build the plane's radar. Boeing won the contract to build the Air Force's KC-46 tanker plane and asked Northrop and Raytheon to contribute key components. Everyone ends up happy. It's how it’s always been done.

Improving the Healthcare Supply Chain Through Guidelines

"There are some horrible working conditions; kids as young as seven making surgical instruments; people losing limbs. It's horrendous," says Mahmoud Bhutta, consultant surgeon and founder of the British Medical Association's (BMA) Medical Fair and Ethical Trade Group, established in 2007. "Many of the companies [which supply the NHS] have been burying their heads in the sand."

Ocean Carriers Search for Best Emission Reduction Technology

In a recent decision affecting ocean freight operators, the International Maritime Organization's Marine Environment Protection Committee (MEPC) adopted amendments to the MARPOL Convention to set a date for the implementation of "Tier III" standards within emission control areas (ECAs) and to make the IMO Member State Audit Scheme mandatory.

Fearful of Banking Restrictions, Shipping Lines Stay Away from Iran

Global shipping lines are increasingly shying away from handling cargoes to Iran as restrictions on banking and insurance continue unabated, despite an interim agreement between Tehran and the West that called for limited sanctions relief.

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RFID Helps Taiwanese Alcoholic-Beverage Producer Protect Its Line of Goods

Taiwan Tobacco & Liquor Corp. (TTL) has deployed a radio frequency identification solution to ensure its products' authenticity, and to track the goods through its supply chain.

Walmart Ramps Up Sustainability Effort, 'Invites' Suppliers to Join

Wal-Mart Stores Inc. doesn't do things on a small scale. So when it moved to expand its global sustainability effort, the retailing giant acted true to form.

Think Tank 96

Harvesting Energy for the Cold: Battery-less Cold Chain Monitoring

Throughout the logistics industry, food is one of the most demanding goods moved around the world. Statistics also show that it is also one of the most disposed products worldwide in relation to the produced quantity with 30 to 50 percent of food going to waste. The highest portion is on the consumers' side. But In the supply chain, a non-stop cold chain monitoring is the major instrument for food staying fresh and not rotting ahead of time. There are already several solutions in the field to collect data to monitor the cold chain. But most of these solutions are costly to install and to maintain and therefore only suitable for high-priced products such as pharmaceuticals. Wireless sensors that use the energy harvesting principle now overcome these challenges and open the door for a complete traceability of food at affordable costs.

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It's No Time to Give Up on Emerging Markets

These are challenging times for emerging markets. China's economy is expanding at the slowest pace in more than a decade, and annual growth in once-booming nations like Brazil, Mexico, Russia, and South Africa has slowed to about 1.5 to 2.5 percent. Look around the developing world, and currencies are weakening, worries about asset bubbles and rising debt are mounting, and foreign direct investment has fallen sharply. This volatility leaves many companies wondering if they are overexposed to the risks of emerging markets.

Sustainability at H&M: Long Road Traveled, Long Road Ahead

If you're still not convinced that sustainability can be a big marketing tool for global brands, then take a glance at the latest "Conscious Actions" report from Hennes & Mauritz AB - known to clothing shoppers around the world as H&M.

Think Tank 95

U.S. Risks Falling Behind Other Nations on Arctic Initiatives, GAO Study Says

The U.S. needs a better strategy to coordinate and prioritize its policies related to the Arctic region, according to a Government Accountability Office (GAO) study that was released by Reps. Rick Larsen, Tim Bishop, John Garamendi and Senator Lisa Murkowski.

Manufacturers Are Considering Near-Shoring - But Just How Near?

Manufacturers like the U.S. They really like it!

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

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Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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