Bank of America has become the latest major organization to fall victim to a supply chain cyber attack. The breach occurred when an unauthorized third party gained access to the network of its service provider, Infosys McCamish Systems. The breach compromised personal data of around 57,000 Bank of America

Some U.S. companies are working to build the domestic infrastructure to challenge Asia's dominance in the lithium-ion battery manufacturing supply chain. Aqua Metals and 6K Energy have partnered to create the first closed loop battery recycling supply chain in the U.S. Aqua Metals will supply materials

DHL Supply Chain is investing $200 million to expand its healthcare and life sciences capabilities in the U.S. The investment will be used to open five new warehouses by the end of 2024 in Pennsylvania and North Carolina. The move will allow DHL to better serve the pharmaceutical industry

Freight broker Arrive Logistics has opened a new office in Guadalajara, Mexico, as part of the growing trend of "nearshoring" in supply chains. The company aims to cater to its expanding customer base in Mexico and take advantage of the region's industry expertise. Arrive has invested

U.S. Commerce Secretary Gina Raimondo expressed concerns about the impact of the Build America Buy America Act on the broadband supply chain during a speech at a conference in Florida. Raimondo warned that the requirements may hinder the expansion of broadband into rural areas and disadvantage smaller companies. The

The COVID-19 pandemic revealed America's overreliance on imports for critical products and materials. While progress has been made in reshoring semiconductor manufacturing and battery production, efforts to ramp up domestic production have fallen short. The nation's mineral supply chains, particularly import reliance, are a growing concern,

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The North American automotive industry is experiencing a shift towards local manufacturing due to disruptions caused by the COVID-19 pandemic and increased supply chain risks. Automakers are opting for stronger, localized supply chains to avoid future problems. Additionally, the rise of electric vehicles (EVs) is changing supply chain requirements, with

Western assemblers, such as Apple, are encouraging Chinese supply chain companies to shift to India, raising concerns in China about the demand for Chinese suppliers in India. Apple plans to increase iPhone production in India to one-third of its global production in the next 3-4 years. This has led to

The United States retail industry, worth $7 trillion, relies on a global supply chain network which increases the risk of disruptions due to geopolitical issues. US retailers source materials globally to provide the best products to consumers. Managing these global networks requires a complex risk breakdown structure to account for

Infosys McCamish Systems, a subsidiary of Infosys owned by Rishi Sunak's wife's family, experienced a data breach last November. The breach involved an unauthorized third party accessing the company's network and potentially compromising data related to deferred compensation plans serviced by Bank of America.

A congressional investigation has revealed that billions of dollars from US venture capital firms have been invested in Chinese companies that support the country's military, surveillance state, and human rights abuses, including the systematic eradication of Uyghurs. The House Select Committee on the Strategic Competition between the United

Maj. Gen. Tom O'Connor, Aviation and Missile Commander, spoke at the Military Aviation and Air Dominance Summit in Huntsville, Alabama. The summit focused on modernizing military aviation platforms and systems to ensure air dominance in the future. O'Connor discussed supply chain resilience and leveraging public-private partnerships.

BlueGrace Logistics has opened its first Mexico logistics center in Guadalajara to support the increasing demands of shippers adopting nearshoring strategies. The facility will offer services for cross-border freight including full truckload, less-than-truckload, refrigerated, flatbed, and intermodal, as well as managed logistics outsourcing. This move comes as Mexico has surpassed

The COVID-19 pandemic exposed America's overreliance on imports of critical products, prompting bipartisan consensus to bring critical industries back home. While progress has been made in reshoring semiconductor manufacturing and battery production, efforts to ramp up domestic production of essential products and materials have fallen short. This is

Fast fashion company Shein is expanding its presence in the US with a new office in Seattle. The office will serve as a hub for fulfilment and logistics, allowing for faster delivery times to consumers. Shein's head of US fulfilment and logistics expressed the company's commitment

FBI Director Christopher Wray warns that threat actors are targeting America's critical infrastructure. Fortress Information Security, a cybersecurity company, unveils a new logo and a renewed commitment to protecting the nation's infrastructure against cyber threats. They emphasize collaboration, comprehensive solutions, and decisive action as the pillars

The US plans to invest $5 billion in semiconductor-related R&D to address chip supply chain problems caused by the increased demand for generative AI. The majority of these chips are manufactured in Taiwan, leading to supply constraints. The Biden administration aims to strengthen the US semiconductor industry by

The U.S. Department of Agriculture (USDA) has awarded over $270 million to seven states to strengthen their local and regional food systems. The funding will be used to expand the capacity for processing, manufacturing, storage, and distribution of food products. Kentucky received the largest amount of funding at $8.

Electra Battery Materials Corporation has received a $5 million investment from the Government of Canada towards the construction of a cobalt sulfate refinery in Ontario. The facility will produce approximately 5% of the global supply of battery grade cobalt for electric vehicles. This investment reflects Canada's commitment to

The American Apparel & Footwear Association (AAFA) and the International Apparel Federation (IAF) have issued a joint letter calling for greater government support in ensuring the safety and accessibility of shipping routes. Over 100 signatories from various industries are urging governments to support safe and secure maritime commerce in the

Nearly 200 countries at the U.N. Climate Summit signed a pact urging the world to focus on clean energy sources. The energy sector must be ready to meet the demand. Here are two supply chain trends driving the effort: strengthening domestic battery recycling efforts and pushing toward a flow

The US renewables industry is focusing on building a domestic manufacturing industry and reducing reliance on foreign products through the Inflation Reduction Act. However, the act does not cover steel frames for solar modules. Origami Solar is pushing for steel frames to be included in the act, as steel is

Sailing delays in the Suez and Panama canals are not affecting the total volume of goods, according to a report from the NRF and Hackett Associates. The US's major container ports are expected to see year-over-year increases in inbound cargo volume despite attacks in the Red Sea. However,