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This Week in Logistics News (July 30 – August 5)

Logistics Viewpoints

Supply chain disruptions continue to lead to product shortages around the world. The ongoing pandemic-induced supply chain disruptions, along with the Russia-Ukraine war, limited available supplies of cocoa, edible oil, and other food ingredients. US considers crackdown on memory chip makers in China.

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Risk Management Can Be a Competitive Advantage, Part Two

Enterra Insights

2] With the world in a state of constant turmoil, supply chains risks abound. ”[3] In Part One of this article, I focused on four supply chain risk areas: Cybersecurity; climate change; geopolitics; and, suppliers/third parties. Did we take on too much risk?'”[4] Following are some of their suggestions.

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Spotlight on trade agreements: IPEF, TPP, RCEP

Resilinc

The IPEF is also nothing like the RCEP, the Regional Comprehensive Economic Partnership , which in November 2020 joined China, Japan, Australia, Korea, New Zealand and the 10 ASEAN nations in a free trade agreement that promises lower tariffs, common rules of origin and other benefits to countries that represent 30% of world GDP.

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Climate Change: Companies Must Step-up as Governments Fail to Act

Enterra Insights

From wildfires in Greece and Hawaii to the tropical storm that dumped a record amount of rainfall on Los Angeles, extreme climate-related events have filled the headlines. But if you want to go and really change the environment, then we need to start telling China and India that they have to lower their emissions.” Yes, it is.