Remove 2029 Remove Compliance Remove Sourcing
article thumbnail

Verdantix research shows that regulatory focus on forced labour in Europe will drive a $7B market in supply chain software

Canadian Manufacturing

The report found that the regulatory shift towards human rights in supply chains, such as the EU Forced Labour Ban prohibiting goods made with forced labour, will help spur over $2 billion annual spending on supply chain sustainability data collection and reporting across the EU by 2029. ”

article thumbnail

Automotive industry warning that the majority of EVs won’t qualify for a large tax credit in the U.S.

Canadian Manufacturing

Those requirements also grow stricter each year, eventually reaching 100% in 2029. Most vehicles now have some parts sourced in China, the alliance said. A separate rule would require that half the batteries’ value must be manufactured or assembled in the North America. If not, the rest of the tax credit would be lost.

article thumbnail

The Future of Eco-Friendly Manufacturing: 10 Key Strategies for Sustainable Materials

Frost & Sullivan Manufacturing

billion by 2029, growing at a CAGR of 25.4% between 2023 and 2029. Hybrid Cloud Management Platforms CoreStack gives organizations a complete view of its cloud infrastructure, providing real-time recommendations for continuous compliance and resource optimization. What’s Catalyzing This Change? Click here to learn more.