COVID-19 Impact Updates | Event | Industry News | Supply Chain
List of China’s Factories Impacted By COVID-19 Surge
April 21, 2022 – Global concern continues to mount as COVID-19 spreads across China and city lockdowns shutdown factories. Production out of China has come grinding to a halt. Due to China’s Zero-COVID policy, factories and manufacturing hubs have been shut down, stranding ships in port…
Event | Industry News | Supply Chain
Japanese Earthquake Cripples Manufacturing
April 8, 2022 – On March 16th, a 7.4 magnitude earthquake struck off the northeast coast of Japan in Fukushima, leaving thousands without power. This deadly earthquake caused over 225 casualties and halted major business and infrastructure systems such as railroad transportation and manufacturing plants….
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russian Technology Sector Targeted by US Sanctions
April 8, 2022 – The U.S. Department of Treasury recently issued a new round of sanctions on the Russian Federation in response to its invasion of Ukraine, this time targeting the Russian technology sector. This new round of sanctions targets 21 business entities and 13…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russian Gold & Silver Banned from Global Markets
March 29, 2022 – Russian gold and silver refineries have been banned from the largest global trading markets in gold and silver. The London Bullion Market Association (LBMA) and the Chicago Merchantile Exchange (CME) have both announced a suspension on Russian gold and silver from…
COVID-19 Impact Updates | Event | Industry News
China’s Zero Covid Policy Continues to Impact Manufacturing
March 24, 2022 – China’s zero-COVID policy is continuing to have a substantial impact on the production efforts of key manufacturers in the general electronics and automotive part industries. This policy has forced shutdowns in the critical manufacturing hubs of Shenzhen and Changchun. On top…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Electronics Chipmakers Cut Ties With Russia
March 9, 2022 – Global chipmaking companies, including the giant Taiwan Semiconductor Manufacturing Company, have begun to sever ties with Russia. The United States and several of its allies have announced sanctions on Russia with the goal of limiting their military advancements by putting a…
Event | Industry News | Regulation and Compliance updates
U.S. EPA Extends PIP (3:1) Compliance Deadline
March 9, 2022 – The U.S. Environmental Protection Agency (EPA) extended the compliance dates for PIP (3:1) to October 31, 2024. The EPA initially planned to have a full understanding of the impact of the prohibition prior to issuing the January 2021 final rule, however, that…
Event | Industry News | Ukraine/Russia Conflict
Ukraine Invasion Impact Summary
February 24, 2022 – This morning Russian military forces began their invasion of Ukraine with a combined land, air, and sea assault. This is serving up to be one of the largest invasions since WWII. As a response to Russia’s invasion of Ukraine, global stock markets have…
COVID-19 Impact Updates | Event | Supply Chain
Chinese Industrial Hub Shutdown due to COVID-19 Concerns
February 24, 2022 – In an effort to combat the spread of COVID-19, a strict lockdown has been imposed in the Chinese city of Suzhou. Suzhou is a technological hub and key manufacturing location for semiconductors. Home to manufacturing facilities for several global firms including Samsung, Bosch, Eli…
Canadian Trucker’s Protest Bottlenecks Cross Border Trade
February 19, 2022 – Canadian truckers protesting COVID-19 mandates blockaded and forced a shutdown of multiple border crossings across the US-Canada Border. Most notably, the Ambassador Bridge which is a critical supply route between Windsor, Canada, and the United States have been impacted. This bridge…