Some of America’s leading chip-equipment manufacturers are pulling workers from China’s largest chip maker because of new U.S. restrictions on semiconductor exports.
Until recently, international trade’s great big dirty secrets regarding forced labor remained mostly hidden beneath layers and layers of supply chain complexity.
Now, some governments are attempting to hold companies more accountable.
The dollar’s surge against the euro, the Japanese yen, the British pound and other currencies adds a new wrinkle to the re-shoring drive that has seen some U.S. companies look for domestic alternatives.
The Biden administration declared Oct. 6 that batteries from China may be tainted by child labor, a move that could upend the electric vehicle industry.
The National Retail Federation
forecasts that 2022 retail sales will grow between 6% and 8% over 2021. Sales were up 7.5% during the first eight months of the year.
The department store chain has so far avoided the worst of an inventory pileup because it acted early and aggressively on data signaling worrisome sales trends.