Uyghur Forced Labor Prevention Act

LL Flooring Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Home Goods, Interior Design, Retail, Construction & Property, Specialty, PVC, Ageing, Operating cost, Social media, NYSE, Uyghur Forced Labor Prevention Act, SG, LL Flooring, GAAP, Gold, United States Customs Service, Pro, Growth, CBP, Credit, Credit agreements in South Africa, Depreciation, CRM, LL, Investment, Deleveraging, Music, Pharmaceutical industry, Real estate, Video game

LL Flooring Holdings, Inc. ("LL Flooring" or "Company") (NYSE: LL), a leading specialty retailer of hard-surface flooring in the U.S., today announced financial results for the quarter ended September 30, 2023.

Key Points: 
  • LL Flooring Holdings, Inc. ("LL Flooring" or "Company") (NYSE: LL), a leading specialty retailer of hard-surface flooring in the U.S., today announced financial results for the quarter ended September 30, 2023.
  • During the third quarter, the Company opened one store, bringing total stores to 443 as of September 30, 2023.
  • Loss per diluted share was $1.25 for the third quarter compared to $0.13 for the third quarter of last year.
  • Adjusted loss per diluted share1 was $0.78 for the third quarter compared to $0.14 for the third quarter of last year.

Alba Wheels Up and mesur.io Announce Partnership Bringing Forced Labor Compliance Solution to Middle-market Companies

Retrieved on: 
Wednesday, October 25, 2023
UFLPA, Customs, EVP, Social media, Legislation, Artificial intelligence, Machine learning, PIERS: The Port Import/Export Reporting Service, United States Customs Service, Partnership, CBP, Language, Uyghur Forced Labor Prevention Act, Medical device, Growth

UFLPA was signed into law in December 2021, and CBP began enforcement in June 2022.

Key Points: 
  • UFLPA was signed into law in December 2021, and CBP began enforcement in June 2022.
  • The legislation contains a rebuttal provision wherein any shipment containing something originating from the region is presumed violative.
  • "The scoring Alba and mesur.io are providing to importers is designed to work toward due diligence and be part of an overall compliance program.
  • "This is a powerful tool available today for importers wishing to support their compliance programs to minimize risks in the supply chain," adds Iacopella.

Kharon Data and Technology Selected by U.S. Customs & Border Protection

Retrieved on: 
Wednesday, October 18, 2023
UFLPA, Uyghur Forced Labor Prevention Act, Organization, Forced labour, Charon, Risk management, Risk, Private sector, Partnership, KYC, CBP, NLP, Cryptocurrency

WASHINGTON, Oct. 18, 2023 /PRNewswire/ -- Kharon announces the signing of a contract with the U.S. Customs & Border Protection (CBP). Through this award, CBP enforcement officers and investigators will gain access to Kharon's global risk analytics platform. Kharon's insights and analytic tools are used by global companies and financial institutions for risk management of regulatory and geopolitical security threats, in particular for KYC, sanctions compliance, supply chain security, and forced labor.

Key Points: 
  • WASHINGTON, Oct. 18, 2023 /PRNewswire/ -- Kharon announces the signing of a contract with the U.S. Customs & Border Protection (CBP).
  • CBP officers will gain access to Kharon's platform to support CBP Forced Labor and Trade enforcement and investigations.
  • Kharon's insights and patented technology tools allow companies to proactively identify potential forced labor indicators and typologies, aligning with government regulations and guidance.
  • Addressing the complexity of forced labor exposure requires effective partnership between the public and private sector, which Kharon is proud to be a part of."

Everstream Analytics Recognized As A 2023 ‘50 to Know’ Provider by Spend Matters for the Second Consecutive Year

Retrieved on: 
Tuesday, October 17, 2023
Technology, Transport, Logistics, Supply Chain Management, Other Technology, Software, Other Transport, Spend, Uyghur Forced Labor Prevention Act, Organization, Risk, Climate change, Weather, Software architecture, UFLPA, Rare-earth element, Medical device

Everstream Analytics , the global supply chain insights and risk analytics company, today announced that it has been named a 2023 ‘50 to Know’ provider by Spend Matters for the second consecutive year.

Key Points: 
  • Everstream Analytics , the global supply chain insights and risk analytics company, today announced that it has been named a 2023 ‘50 to Know’ provider by Spend Matters for the second consecutive year.
  • Each year the 50 Providers to Know list recognizes the best-in-class companies in the procurement and supply chain market.
  • "It’s truly an honor to be recognized by Spend Matters as a '50 to Know’ company," said Julie Gerdeman, CEO, Everstream Analytics.
  • Everstream has delivered proactive analytics that uncover and mitigate supply chain risks for more than a decade.

Assent Announces First-of-Its Kind Supply Chain Risk Assessment Tool to Empower Manufacturers to Identify and Address Increasing Global Regulatory Concerns

Retrieved on: 
Tuesday, October 10, 2023
Supply Chain Management, Professional Services, Data Management, Retail, Data Analytics, Technology, Software, Pressure, Uyghur Forced Labor Prevention Act, Multimedia, Toxic Substances Control Act of 1976, Assent, Risk, PFAS, Reputational damage, Supply, TSCA, Lung compliance, UFLPA, Medical device

The user-friendly risk assessment tool enables companies to quickly understand their regulatory risks through a customized report.

Key Points: 
  • The user-friendly risk assessment tool enables companies to quickly understand their regulatory risks through a customized report.
  • View the full release here: https://www.businesswire.com/news/home/20231010779740/en/
    Assent's Risk Assessment Tool (Photo: Business Wire)
    As the global regulatory environment grows more complex, manufacturers are under increasing pressure to address concerns around responsible sourcing, forced labor, and harmful chemicals in their supply chains.
  • With Assent’s Supply Chain Risk Assessment, manufacturers can understand regulatory risks impacting their supply chain and obtain high-level guidance for where to start to mitigate them.
  • “Today, we announced our new risk assessment tool, which is an essential step for manufacturers to identify where to focus their supply chain sustainability program.

Everstream Analytics and Slave-Free Alliance Join Forces to Protect Supply Chains Against Modern Slavery and Labor Exploitation

Retrieved on: 
Wednesday, September 13, 2023
Technology, Transport, Professional Services, Software, Data Analytics, Data Management, Logistics, Supply Chain Management, Environmental, Social and Governance (ESG), Retail, Organization for Security and Co-operation in Europe, Partnership, Justice, OSCE, Life, Organization, Hope for Justice, Security, Opacity, Risk, Uyghur Forced Labor Prevention Act, SFA, Management, Hope

This collaboration combines Everstream’s multi-tier supplier discovery and AI-powered risk monitoring and analytics with SFA’s proprietary forced labor intelligence to expose unknown risks and protect global supply chains from modern slavery and exploitation.

Key Points: 
  • This collaboration combines Everstream’s multi-tier supplier discovery and AI-powered risk monitoring and analytics with SFA’s proprietary forced labor intelligence to expose unknown risks and protect global supply chains from modern slavery and exploitation.
  • Through this alliance, Eversteam Analytics will actively contribute to enhancing capabilities and eradicating modern slavery and forced labor from global supply chains.
  • According to a study cited by Slave-Free Alliance , 77% of companies expect to find modern slavery somewhere in their supply chain.
  • Together, Everstream and Slave-Free Alliance will help organizations across the globe build ethical and compliant supply chains while helping stop modern slavery.

Certa Raises Oversubscribed $35M Series B to Further Reduce Third-Party Management Friction

Retrieved on: 
Thursday, September 7, 2023
Software, Professional Services, Business, Data Management, Venture Capital, Technology, Security, Online Privacy, Other Professional Services, Legal, Transport, Logistics, Supply Chain Management, Environmental, Social and Governance (ESG), Linda, DNA, Synthetic media, Uyghur Forced Labor Prevention Act, Uber, BDMI, Partner (business rank), Privacy, Pain, Organization, Risk, Box, Capital, Biophysical environment, ESG, Fraud, UFLPA, Cryptocurrency, Atlit, Social, Bertelsmann

The all-in-one third-party management platform, Certa , today announced it has raised a 2x oversubscribed Series B led by Fin Capital , and Vertex Ventures Southeast Asia and India, with participation from Tru Arrow Partners .

Key Points: 
  • The all-in-one third-party management platform, Certa , today announced it has raised a 2x oversubscribed Series B led by Fin Capital , and Vertex Ventures Southeast Asia and India, with participation from Tru Arrow Partners .
  • This raise brings the total institutional investment in Certa to $50M to date.
  • Certa provides the most comprehensive and intelligent platform for global third-party management across procurement, compliance, ESG, and legal.
  • Since customer feedback is in the company’s DNA, Certa is pioneering the use of advanced Generative AI to streamline third-party ecosystems.

Assent Unveils Proactive Strategy for Supply Chain Sustainability Budgeting in 2024

Retrieved on: 
Thursday, August 24, 2023
Supply Chain Management, Professional Services, Sustainability, Mining, Minerals, Natural Resources, Environment, Retail, Chemicals, Plastics, Transport, Environmental, Social and Governance (ESG), Manufacturing, Logistics, Reputational damage, EU, PFAS, Ebook, Uyghur Forced Labor Prevention Act, Data collection, Multimedia, Supply chain sustainability, Conflict, Risk, TSCA, Climate, ROI, Medical device, Recycling, Risk management, Publishing, Restriction of Hazardous Substances Directive

Assent, Inc. (Assent), the leading solution provider in supply chain sustainability management, released a new eBook, “Budgeting for Compliance: Supply Chain Sustainability in 2024” , to help manufacturers plan for product compliance programs that will be defensible to changing regulatory standards.

Key Points: 
  • Assent, Inc. (Assent), the leading solution provider in supply chain sustainability management, released a new eBook, “Budgeting for Compliance: Supply Chain Sustainability in 2024” , to help manufacturers plan for product compliance programs that will be defensible to changing regulatory standards.
  • The 2024 Budgeting eBook provides an easy-to-follow guide for manufacturers to implement effective supply chain sustainability cost management approaches in the coming year.
  • - Budgeting for Compliance: Supply Chain Sustainability in 2024 (Photo: Business Wire)
    The resource also serves as a comprehensive guide to developing a business case for implementing supply chain sustainability solutions, resulting in year-over-year cost reductions.
  • In a study commissioned by Assent, Forrester Consulting found a supply chain sustainability management solution can provide a 304% ROI over three ye ars compared to in-house solutions (value realized by a composite organization, an aggregate of four Assent customers).

Ninestar Corporation Files Lawsuit and Motion for a Preliminary Injunction to Suspend Arbitrary UFLPA Entity Listing

Retrieved on: 
Wednesday, August 23, 2023
Legal, Technology, Labor, Other Technology, Public Policy, Government, Professional Services, Hardware, IOT (Internet of Things), Consumer Electronics, DHS, Uyghur Forced Labor Prevention Act, Privacy Office of the U.S. Department of Homeland Security, UFLPA, International trade, Airline, NineStar Connect

DHS added Ninestar and certain of its subsidiaries to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List without offering any explanation or justification whatsoever for said action.

Key Points: 
  • DHS added Ninestar and certain of its subsidiaries to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List without offering any explanation or justification whatsoever for said action.
  • Meanwhile, the company is suffering irreparable harm to its business and reputation based on the listing.
  • Ninestar has filed this lawsuit because DHS has acted in an arbitrary and capricious manner in violation of U.S. law.
  • Ninestar is committed to correcting the record and restoring its legitimate business operations in the United States.

Power Solutions International Announces Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 14, 2023
WOOD, Natural borrowing limit, OTC Markets Group, Tax, GAAP, Uncommitted, EBITDA, Engineering, Standard Chartered, Depreciation, Uyghur Forced Labor Prevention Act, EPS, Growth, Transport, Credit, Second, Bank, Adjustment

WOOD DALE, Ill., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced second quarter 2023 financial results.

Key Points: 
  • Gross Profit increased by 47%, EPS increased $0.22 or $0.28 for the Quarter,
    Operating Cash Flows increased $34.4 million; Debt decreased $20.7 million
    WOOD DALE, Ill., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced second quarter 2023 financial results.
  • Gross profit increased by $8.6 million, or 47%, during the second quarter of 2023 as compared to the same period in the prior year.
  • Net income in the second quarter of 2023 was $6.4 million, or $0.28 per share, compared to net income of $1.4 million, or $0.06 per share for the second quarter of 2022.
  • Adjusted net income was $6.4 million, or Adjusted income per share of $0.28 in the second quarter of 2023, compared to Adjusted net income of $2.4 million, or Adjusted income per share of $0.10 for the second quarter of 2022.