RTR: CVC urges Deutsche Bahn to reconsider Schenker sale to DSV, letter shows
REUTERS reports here: Financial investor CVC is urging German state railway conglomerate Deutsche Bahn to reconsider ...
KNX: 'HARRIS UPSIDE'R: PRICEY BUT WORTHYGM: AUTO VERTICAL WOESWTC: NEW RECORDDHL: THE DAY AFTERZIM: UNSTOPPABLECHRW: NEW HIGHMAERSK: PORT DISRUPTION SURCHARGEKNIN: CEO ON ROADWMT: SUPPLY CHAIN MERGER UPS: STANDARD SATURDAY EXPANSION DHL: BULLISH STANCE REITERATED
KNX: 'HARRIS UPSIDE'R: PRICEY BUT WORTHYGM: AUTO VERTICAL WOESWTC: NEW RECORDDHL: THE DAY AFTERZIM: UNSTOPPABLECHRW: NEW HIGHMAERSK: PORT DISRUPTION SURCHARGEKNIN: CEO ON ROADWMT: SUPPLY CHAIN MERGER UPS: STANDARD SATURDAY EXPANSION DHL: BULLISH STANCE REITERATED
REUTERS reports:
Investors want Zara owner Inditex (ITX.MC), opens new tab to follow rivals H&M (HMb.ST), opens new tab and Primark (ABF.L), opens new tab in making its full list of suppliers public so they can better assess any supply chain risks.
Inditex is an outlier among big clothing retailers in not publishing which factories it sources from. Regulators and investors want greater transparency and better disclosure from companies.
Clothing retailers, in particular, are under pressure to prove that there is no forced labour in their supply chains, and that garment workers are paid decent wages.
Chinese fashion group Shein has come under scrutiny from U.S. lawmakers over supply chain risks ahead of plans for a U.S. listing.
In the European Union, disagreements have stalled proposed rules that would require all big companies to disclose whether supply chains harm the environment or use child labour. Proposed sanctions for not complying could include fines of 5% of revenue.
Fashion brands and retailers, including Adidas (ADSGn.DE), opens new tab, H&M, Hugo Boss (BOSSn.DE), opens new tab, M&S (MKS.L), opens new tab, Nike (NKE.N), opens new tab, Primark, and Puma (PUMG.DE), opens new tab, already publish detailed supplier lists, including factory names and addresses…
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