Sung Wook Lee’s Post

The Canadian government has announced key updates to its guidance on the reporting obligation under the Supply Chains Act. These changes include revisions to the scope of reporting and how to approach drafting a report. Businesses should prepare now to meet the May 31, 2025 reporting deadline. Swipe below for highlights, and read the full article by our team, featuring insights from John Boscariol, Martha Harrison and Gajan Sathananthan, to learn what this means for your organization. https://ow.ly/YmF350UhHNC

The Office of the United States Trade Representative (USTR) is seeking comments to inform the development of trade and investment policy initiatives that promote supply chain resilience. Comments are due by April 22, and a hearing is scheduled for May 2. #USTR #SupplyChain #Resilience

🤷♂️ Another day, another #CSDDD update... ⁉ So, is this week we find out if #EU member states are serious about supply chain #duediligence ? Or will there be more distracting waffle? 🗓 The Belgian Presidency of the Council of European Union has put #CSDDD on the COREPER agenda for this Wednesday 13 March ❓Big questions to be answered this week: ☑ Have the last minute demands from key #EU member states been met? ☑ Is the European Parliament still on board to these concessions? ☑ Or have things been pushed too far & time has just run out? 🕰 As always, time will tell.... but there cannot be too many times left at this stage... 📜 Full COREPER agenda & below ➡ https://lnkd.in/e9x7ykrh #coporateaccountability #transitionplanning

Looking forward to connecting with our Sedex members from the #APAC region tomorrow! 🌏 We'll be unpacking what the alphabet soup of supply chain due diligence legislation means for businesses in the APAC region and sharing some tips on how to make sense of it and get ahead of the curve ✅ We'll be covering the following, and more! #CSDDD #CSRD #UFLPA #S211

Reaching Markets: #SupplyChain #Strategies: A #collaboration between key #stakeholders is part of long-term supply chain strategies to address #disruptions and other #challenges. Plus, an update on the Port Of Baltimore. #CorporateRealEstate #EconDev #SiteSelection

Global Impact of Federal Procurement 🌍 Federal procurement decisions can have far-reaching impacts, influencing global markets and international relations. Thoughtful procurement can promote sustainability, innovation, and economic stability worldwide. Consider the global implications of procurement choices. #GlobalImpact #FederalProcurement #Sustainability #EconomicStability

Shared my thoughts on the pager incident and implications for global supply chains with The i newspaper: Experts told i the finger pointing between the two companies highlights the lack of accountability in global supply chains and need for tighter regulations on imports – which may slow down trade. Professor Fahian Anisul Huq, Chair in Operations and Supply Chain Management at The University of Manchester, told i: “This lack of transparency is evident in the current case, where both Apollo Gold and BAC Consulting deny responsibility for the explosive pagers.” “This incident clearly demonstrates how modern supply chains, involving multiple intermediaries and manufacturers, can be exploited for malicious purposes. “The ability to sabotage goods, as seen with the pagers, could lead to stricter regulations on imports, which could, in turn, slow down trade and supply chain processes. “Critical sectors like medical devices, infrastructure components, or consumer electronics are not immune from such threats, posing significant global security concerns.”…..Mr Huq added: “The infiltration of the supply chain that led to the pager blasts serves as a stark warning for industries and governments alike.” “Enhanced visibility, better supplier auditing, and stronger regulatory frameworks are critical to mitigating these threats and ensuring the stability of global supply chains.” “To mitigate these risks, private firms must increase the visibility of their supply chains by auditing suppliers, mapping out supply chain tiers, and employing technology to enhance transparency. “Governments may also respond by implementing stricter procurement frameworks, ensuring that both software and hardware in public sector projects meet rigorous supply chain security standards.” Alliance Manchester Business School #supplychain

The agenda for the upcoming Intergovernmental Negotiating Body for #PandemicAccord is out. It includes both "formals" and "informals". Still confused about which article is which? Prevention and Surveillance (Article 4); One Health (Article 5); Tech and Know-How Transfer (Article 11); Pathogen Access and Benefits Sharing (Article 12); Supply Chain and Procurement (Article 13); Procurement and Distribution (Article 13bis); and Sustainable Financing (Article 20). It's a packed agenda for just 5 days of negotiation. Let's see how much progress they make!

Our 2024 CPO Report highlighted the challenges and themes that would define the procurement industry in 2024, in a complex year full of global elections, geopolitical tensions, and increased threats from climate change.  Proxima's EVP Simon Geale writes that in order to enable the procurement function to adapt swiftly to these challenges, a clear, straightforward approach, including simplified communications, a focus on essential tasks, and improved customer and supplier interactions will ensure success. Explore Simon’s thoughts on simplicity below and download our 2024 CPO report to read more about the key themes defining #procurement right now: https://bit.ly/48RB2cD