Global supply chains evolve with innovations, sanctions, and challenges: From Shein controversies to autonomous trucks and BigBasket's SaaS launch.

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1. Shein Faces Allegations of Child Labor and Worker Exploitation

The fast-fashion giant Shein is under scrutiny following reports of child labor and poor working conditions in its supply chain. Investigations reveal workers enduring long hours for minimal pay, raising concerns about ethical practices in the fashion industry. 

Credits - The Scottish Sun

2. U.S. Imposes New Sanctions on Russian Energy Sector

The U.S. Treasury has implemented new sanctions targeting Russia's energy sector, including major oil companies and over 180 vessels. These measures aim to disrupt Russia's oil exports amid ongoing geopolitical tensions. 

Credits - Reuters 

3. Aircraft Shortages Expected to Persist Due to Supply Chain Issues

Aircraft leasing executives warn that shortages in aircraft supply will continue for years due to delivery delays by manufacturers like Airbus and Boeing. Supply chain strains and labor shortages are contributing to these ongoing challenges. 

Credits - Financial Times

4. NEMA Urges Government Action as Port Strike Worsens Supply Chain Crisis

The National Electrical Manufacturers Association (NEMA) has called for immediate government intervention to resolve the ongoing U.S. port strike, which is exacerbating supply chain disruptions and delaying critical goods. 

Credits - Global Trade Magazine

5. Maersk Reports 45% Profit Drop Amid Global Supply Chain Disruptions

Shipping giant Maersk has reported a 45% decline in profits, attributing the drop to increased operating costs and rerouted shipping lanes caused by global supply chain disruptions. 

Credits - Economic Times

6. BigBasket Launches SaaS-Based Supply Chain Platform 'BB Matrix'

E-commerce platform BigBasket has introduced 'BB Matrix,' a SaaS-based supply chain solution offering Warehouse Management, Transport Management, and Order Management systems to enhance operational efficiency. 

Credits - BizNews India

7. Amazon Faces Senate Probe Over Warehouse Safety Allegations

Amazon is under investigation following allegations of unsafe working conditions in its warehouses, prompting a Senate probe into the company's labor practices. 

Credits - Supply Chain Dive

8. DHL Deploys Autonomous Trucks in Texas to Boost Freight Capacity

DHL Supply Chain has begun using autonomous trucks along two routes in Texas as part of efforts to increase freight capacity and enhance logistics efficiency. 

Credits - Supply Chain Dive 

9. Nordstrom and Macy’s Abandon 'Retail Inventory Method' After Decades

Retail giants Nordstrom and Macy’s have discontinued the 'Retail Inventory Method' of accounting, citing its interference with merchandising and pricing decisions, and its impact on inventory accuracy. 

Credits - Supply Chain dive

These developments highlight the dynamic nature of global supply chains and the various challenges and innovations shaping the industry today.

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