Distilling this week’s 19,168 alerts into the 10 alerts that you care about
Mary Kopczynski, CEO of RegAlytics, breaks down this week’s hot regulatory topics, exclusively for Exiger.
- Regulator of the Week: NIST
- Topic of the Week: UAW
- IBEW: Women Electricians Needed
- UN General Assembly
- DoD: Brazil Agreement
- BIS: Global Value Chains
- CISA: Open-Source Security
- Other Interesting Alerts
My congratulations to the Exiger teams who launched 1Exiger this week, where they’ve brought the power of all their AI supply chain capability into one incredible user-friendly experience. And, in there, is a handy RegAlytics feed ready for your viewing.
Regulator of the Week: NIST
The regulator of the week is the National Institute of Standards and Technology, also known as NIST, within the Department of Commerce.
NIST: Cyber 2.0
This week NIST hosted a workshop as part of its effort to develop version 2.0 of the Cybersecurity Framework. Sources say that one of the big discussion topics was how to better weave cyber supply chain risk management (C-SCRM) into the Framework to better integrate cyber and SCRM team efforts. Expect to see a much more prominent focus on C-SCRM when the Framework is released in 2024.
NIST: CHIPS Standards Summit
In addition, NIST has two meetings coming up that I think you will want to ensure someone at your company is tracking. The first is a Standards Summit from Tuesday and Wednesday, September 26-27, that is hosted by the CHIPS R&D office. CHIPS, of course, is the CHIPS and Science Act enacted by Congress last summer. CHIPS stands for Creating Helpful Incentives to Produce Semiconductors. The act provides roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States.
This event will bring together CHIPS R&D leaders, standards setting organizations, industry alliances, both domestic and abroad, all in the semiconductor domain to identify priorities for standards. Don’t miss it.
NIST: IoT Advisory Board
The second is the Internet of Things (IoT) Advisory Board that will be meeting Tuesday, October 24, and Wednesday, October 25. Both sessions are open to the public. The agenda includes strategies for: smart traffic and transit technologies, augmented logistics and supply chains, sustainable infrastructure, precision agriculture, environmental monitoring, public safety and healthcare.
Topic of the Week: UAW
The topic of the Week is the UAW Worker’s Strike.
So, in February, the United Auto Workers Union upped their strike pay from $400 to $500 a week. What is strike pay? It’s payment workers receive by the UNION if the union calls them to strike.
So then, in early August, UAW held its Strike Assistance Conference in Detroit to nail down details of its demands of the Big Three Automakers. By August 25, the union’s strike authorization vote passed with near universal approval from the 150,000 union workers at Ford, General Motors and Stellantis. It didn’t guarantee a strike, but it authorizes the union to call one.
On September 15, thousands of UAW members walked out of the job, and this is now the third major union issue in the U.S. this summer, with of course the Screenwriter’s Guild that’s still going on and then the big UPS strike that was averted by providing workers with air conditioning and an increase in compensation. This comes on top of continued unrest in the rail industry by workers. Begs the question of how to account for labor risk in supply chain planning.
IBEW: Women Electricians Needed
And since we’re talking about union workers, I picked up an interesting alert from the International Brotherhood of Electrical Workers, which is calling for more workers, including women. In 2022, more than 30,000 manufacturing jobs were added each month, and the industry is projected to continue growing. Employers are going to need to attract more than 4 million new workers before the end of the decade. So, in short, more women need to know about these opportunities. Manufacturing employs one in 10 workers in the United States, but fewer than a third of them are women.
UN General Assembly
Okay, what else do we need to know about the world of supply chain management? Let’s start with international. The UN is coming to New York City this week for the General Assembly meeting.
DoD: Brazil Agreement
The Department of Defense (DoD) is contemplating a new Reciprocal Defense Procurement Agreement with Brazil. This means Brazil could buy from the U.S., and the U.S. could buy from Brazil. Before they do it, the DoD is asking if any of us in the industry have worked with Brazil’s Ministry of Defence and Armed Forces and whether they conducted themselves with transparency, integrity, fairness and due process in accordance with their published procedures. Comments are due October 12.
BIS: Global Value Chains
Last week the Federal Reserve put out an interesting report on Global Value Chains and this week, the Bank of International Settlements also put out a report showing the changes to the supply chain inflows and outflows globally from pre-pandemic to post-pandemic, which was fascinating.
CISA: Open-Source Security
Also, the Cybersecurity and Infrastructure Security Agency (CISA) published the Open-Source Software Security Roadmap that articulates how CISA will enable the secure usage of open-source software within the federal government, so that’s important.
And that’s it this week for Exiger’s Regulatory update. Join me every week no matter where I am for your dose of regulatory news.