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Industry News | Regulation and Compliance updates
Uyghur Forced Labor Prevention Act on Supply Chain
On June 21st, 2022, the Uyghur Forced Labor Prevention Act went into effect. This law will ensure that goods made with forced labor in the Xinjiang Uyghur Autonomous Region (XUAR) of the People’s Republic of China do not enter the United States market. This affects…
COVID-19 Impact Updates | Industry News | Supply Chain
Shanghai Business Returns after Two Months of COVID Lockdown
June 25, 2022 – June 1st, 2022, Shanghai ended two months of total COVID-19 lockdown. Shops have reopened and people are allowed back into offices, parks and public areas. Over 25 million residents are now free to resume life and work operations as before. Foreign…
COVID-19 Impact Updates | Industry News | Supply Chain
ELM Electronics, OBD-II Chip Maker, Shuts Doors
June 24, 2022 – After more than 24 years of business, ELM Electronics is set to close its doors on June 30, 2022. ELM Electronics has been a part of the electronics and integrated circuits industry since its founding in 1998. They manufacture a wide…
Best Practices | Industry News
The Current & Future State of Global Supply Chain
Know the Impacts, Act on The Insights Global markets are still reeling from the downstream effects of multiple heavy-hitting global crises. From hurricanes and tsunamis to geopolitical conflicts and labor shortages, there is no shortage of supply chain predicaments. These events cause postponed deliveries, shut-down…
Industry News | Regulation and Compliance updates
Lead Found in 94% of SCIP Database
June 15, 2022 – 94% of the 7.5 million articles submitted to the SCIP database contain lead and its compounds, according to the NGO Chemsec (International Chemical Secretariat). ChemSec, is an independent non-profit organization that advocates for the substitution of toxic chemicals with safer alternatives. Their…
Industry News | Supply Chain | Ukraine/Russia Conflict
Taiwan Bans the Supply of Chips to Russia
June 9, 2022 – Taiwan has imposed a ban on the sale of modern chips to Russia and Belarus, the latest round of sanctions in response to the invasion of Ukraine. This ban rules out all modern technology, including microcontrollers for most electronic devices. Taiwan…
Event | Industry News | Ukraine/Russia Conflict
List of Companies Ending Their Business with Russia
Under pressure from investors and consumers, a growing number of companies are unwinding their investments within Russia: closing stores, pausing sales and services, temporarily cutting ties, or suspending shipments. Here’s a look at some companies from various electronics, automotive, and tech industries that have suspended,…
Event | Industry News | Ukraine/Russia Conflict
European Union Bans Russian Crude Oil
On Monday, May 30, 2022, European Union leaders banned the import of Russian oil to their entire 27 member nations. Over two-thirds of all Russian oil exports go to the EU and would be a devastating blow to the Russian economy. 90% of all…
Conflict Minerals Compliance | Industry News | Regulation and Compliance updates
Cobalt & MICA Reporting Templates to be Phased Out
Updated May 31, 2022 – As of April 1, 2022, The Responsible Minerals Initiative (RMI) has officially phased out the use of the Cobalt Reporting Template (CRT) and the Mica Reporting Template (MRT). The free Extended Minerals Reporting Template is now the primary reporting template…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
UK Sanctions Target Russia Precious Metals
May 27, 2022 – The United Kingdom announced a 35% tariff on all platinum and palladium imports from Russia and Belarus, targeting over £1.7 billion of trade. This new round of sanctions is intended to put increased pressure on Russia and further weaken the military…