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This increase in demand is linked to the construction of venues and facilities for the Games, as well as for connected infrastructure, such as new hotels and transport facilities.

And with the final touches added to the Tokyo Aquatics Centre in early March, the preparations for sporting venues were completed – well ahead of schedule, a bright contrast to the last-minute construction that bedevilled the 2016 summer games in Rio de Janeiro.…

The USD865 million investment announced by BMW into boosting its electric vehicle (EV) manufacturing capacity in Mexico is, say industry experts, a signal of how Mexican automotive capacity may be oriented increasingly intensely on the American market.

Germany’s BMW will spend this money over the next four years to enable production of the ‘Neue Klasse’ electric vehicle range in Mexico starting 2027.…

Fresh food manufacturers worldwide are developing intelligent packaging that can help them reduce both food and plastic waste, responding to regulatory and consumer pressure to minimise their products’ environmental footprints.

Such bio-innovations may be of particular importance to European Union (EU) food manufacturing companies, given the EU is revising its packaging and packaging waste directive.…

The International Organization of Securities Commissions (IOSCO) has updated its Principles for the Regulation and Supervision of Commodity Derivatives Markets, the first major overhaul of this core guidance since 2011. IOSCO said the changes were designed “to provide a resilient framework for the regulation and oversight of the commodity derivatives markets”, taking account of recent market developments and international events, such as the Covid-19 pandemic and Russia’s invasion of Ukraine.…

As regulators in jurisdictions worldwide prepare to pass laws making sustainability reporting mandatory for listed companies, the auto sector will need to reassess detailed environmental and social standards already developed by standard setting bodies.

That is the case for the US-owned and based auto sector, especially foreign companies making autos in the US and American companies with plants overseas.…

European and Asian automakers exporting electric vehicles (EV) to the USA are looking to take advantage of US treasury guidance issued December 28 that allows consumers to claim tax credits of up to USD7,500 on leased EVs, even if they are not made in north America.…

An expansion drive by Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chip maker, is expected to be helpful for US automakers, increasing supply and decreasing supply chain risks, industry observers believe. TSMC is now building a new facility also in Japan’s Kumamoto Prefecture.…

 Alternative non-meat product sales may be growing in the USA, but more product innovation, including in ingredients, may be needed say experts, to persuade American consumers to continue embracing this segment rather than sticking to natural meat.

After robust sales growth was noted during the Covid-19 pandemic as US consumers experimented with new food products at home, concerns that this market expansion may be slowing appeared last year.…

South-east Asia has long appreciated the need to improve efficiency and sustainability in its finishing, especially as it seeks to compete with China, whose rising costs and supply chain disruption caused by Covid-19 has created openings for neighbouring manufacturing hubs.

Vietnam is a case in point, having long been a major textile production centre, and one that is expanding said data from the Vietnam Textile and Apparel Association (VITAS) showing a 12% year-on-year turnover rise in 2022 to USD44 billion.…

The ability of obliged bodies to share AML/CFT intelligence with FIUs, law enforcement and each other, without breaching data protection rules and their own legitimate duty of care to clients is a knotty issue. But the importance of ensuring such intelligence does not remain in silos or its flow is restricted by having to be channeled through STRs to FIUs, which could be overloaded with data as a result, is increasingly recognised by key jurisdictions.…