ivalua
OCTOBER 24, 2019
Globalisation has made is much easier for UK businesses to trade across borders, allowing access to lower cost sources of supply and new markets. Office of Foreign Assets Control (OFAC) after their suppliers used third party vendors in North Korea, falling foul of North Korea Sanctions Regulations.
Talking Logistics
MARCH 2, 2016
As first reported by Fairfax Media , a factory in North Korea has been making high-priced surf and snow gear for Australian surfwear company Rip Curl since at least 2014, with the garments labeled “Made in China.” We do not approve or authorise any production of Rip Curl products out of North Korea.”
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Logistics Viewpoints
AUGUST 14, 2023
In April of 2022, British American Tobacco, headquartered in the UK, agreed to pay $508 million in fines for selling their products to North Korea. Finally, in making sourcing decisions, global trade compliance needs to be part of companies strategic sourcing programs. Treasury Department.
ShipBob
DECEMBER 18, 2019
In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei), the Chinese New Year holiday is a very big deal. For some Americans, the holiday comes and goes without them even noticing. Consider other manufacturing locations.
Enterra Insights
MARCH 16, 2023
” • Notorious North Korea. Interestingly, Kupchan and Bremmer didn’t include North Korea as one of their trouble-spots for this coming year. Journalist Jean Mackenzie reports, “[North Korea] fired more missiles than ever before in a single year.
Elementum
JUNE 19, 2015
Many OEM’s use labor organizations to source laborers because it is cheaper and more efficient; however, by doing so they run the risk of employing forced laborers in the process. Often, these workers are subjected to terrible living conditions and malnourishment, with no compensation.
EcoVadis
JUNE 16, 2016
State Department, Southeast Asian countries, and notably Thailand, are also sources of widespread modern slavery. State Department responded to the media reports by blacklisting Thailand – essentially placing constraints on Thai trade similar to those placed on North Korea. According to the U.S.
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