Businesses need and want predictability - particularly when it comes to government regulations. So the fact that the International Civil Aviation Organization (ICAO) updates its Technical Instructions for the Safe Transport of Dangerous Goods every two years is both a blessing and a curse. A blessing because industry knows the changes that are coming, and a curse because there are changes coming.
A Federal Trade Commission attempt to rein in a poorly secured IoT device is raising questions over whether the U.S. regulator has the power to crack down on vendors suspected of shoddy practices.
Fashion giant Ralph Lauren Corp, whose designs are sashayed on Hollywood's red carpets, has unveiled plans to trace wood pulp used in its clothes to avoid buying from regions destroying forests or violating human rights.
The food and agriculture industry depend on natural resources, along with predictable weather and climate patterns, to produce their products and turn a profit. And yet these two industries have historically been divided over climate change and often slow to embrace new technologies and practices that can help reduce their greenhouse gas emissions and environmental footprint.
Procurement professionals need to protect their businesses from the growing legal risk of third party corruption. They need to deliver "high levels of professional skill, knowledge and integrity," said David Noble, group CEO of CIPS.
Shippers and brand owners have joined forces to sign a declaration aimed at preventing the transport of counterfeit goods. The declaration acknowledges the "destructive impact" of counterfeits on international trade and calls on the maritime industry to address it through zero tolerance, strict supply chain controls and other due diligence checks
Laws and regulations to eliminate human-rights violations in global supply chains are multiplying. But companies shouldn't consider their current lack of "teeth" as a license to ignore them.