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Trade Rules are Increasingly Environmental, Social and Governance Rules

Logistics Viewpoints

Procurement managers are now asked to address ESG issues in their sourcing and foreign manufacturing operations. Meanwhile, trade compliance managers are tasked with ensuring that the procurement department is following the rules. This article will focus on European Union trade regulations because the EU leads in this area.

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UFLPA Compliance: How One Volkswagen Part Led to Thousands of Impounded Luxury Cars

Resilinc

According to a report from December 2022, forced labor is particularly a concern in the automotive industry. Outside of UFLPA, cobalt—a leading component in electric vehicle batteries—is also tied to forced labor in The Democratic Republic of Congo. And, of the automotive shipments detained, almost 100% came directly from China.

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Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining. A cobalt mine in the Democratic Republic of Congo. It’s followed by Australia, which has 1.2

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Demand for low-carbon metals heats up

Resilinc

Nornickel also committed to using carbon offsets to produce at least 8,000 mt of zero-carbon nickel in 2022. While most OEM supply chain and procurement specialists don’t purchase these materials directly, their suppliers of items ranging from advanced batteries (made with cobalt) to sheet metal (made with manganese) do.

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Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining. A cobalt mine in the Democratic Republic of Congo. It’s followed by Australia, which has 1.2

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Regulations to Prevent Modern Slavery in Supply Chains 

Exiger Perspectives

Regulations to Prevent Modern Slavery in Supply Chains UK Modern Slavery Act 2015 German Supply Chain Act 2023 France Duty of Vigilance Act 2017 Norwegian Transparency Act 2022 Swiss Ordinance Act 2023 EU Duty of Vigilance Legislation Australian Modern Slavery Act 2018 U.S. Compliance was required beginning in July 2022.

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How the Inflation Reduction Act’s EV Tax Credit Will Reshape Supply Chains

QAD

The automotive industry is undergoing a massive technological transformation toward vehicle electrification and the shift presents huge opportunities for manufacturers that do business in the US, especially since the passage of the Inflation Reduction Act in August 2022.