An increasing number of maritime suppliers are identified with significant cyber vulnerabilities, prompting shipowners to enhance supply-chain due diligence. Recent research reveals that over 28% of evaluated suppliers face high cyber risks. This trend underscores the growing importance of integrating verified ESG and cyber indicators into procurement strategies to mitigate risks.
AM Green, alongside Greenko founders, has partnered with the Port of Rotterdam Authority to create a green energy supply chain linking India and Northwestern Europe. This $1 billion agreement aims to trade 1 million tonnes of green fuels annually, supporting India’s green hydrogen development and Europe’s decarbonization goals.
Three quarters of businesses worldwide are revamping their supply chains by collaborating with more suppliers to manage risks in an increasingly fragmented global landscape. Research from Economist Impact and DP World at the World Economic Forum highlights the strategic shift in response to escalating geopolitical uncertainty fueled by ‘America first’ policies.
The UNCTAD has raised concerns about the impact of geopolitical tensions and climate change on global trade, particularly affecting shipping routes like the Suez Canal and the Panama Canal. These disruptions have led to a decline in trade, increased freight rates, longer routes, and higher emissions, with potential economic consequences. The organization calls for international cooperation to address these challenges.
