Guest: Clarie Li of Moody’s Ratings on vulnerable critical minerals; Cargo thefts intensify; Who pays for warehouse fires?

Our guest on this week's episode is Claire Li, vice president of Credit Strategy at Moody's Ratings. Critical minerals and rare earth minerals are needed in most electronics and tech devices, yet the United States does not produce many of these components domestically. China is the leading producer and its rare earth dominance threatens U.S. supply chains. How does the U.S. assure the mineral supplies that are needed to produce consumer products and critical defense systems? Our guest explains the vulnerabilities and offers possible solutions. Cargo theft is more sophisticated, and more frequent, than ever—and as a result, business leaders are getting more and more concerned about the security of goods moving through supply chains. This is according to a recent report from technology company SmartSense by Digi. The company surveyed 150 U.S.-based loss and organized retail crime (ORC) prevention leaders. 81% of those respondents said cargo theft has become more organized in recent years, and 79% said their organization is more concerned about cargo theft today than ever before. Fires in warehouses are not common, they do happen. Not only is there loss of products housed in the warehouse, but there can also be environmental damage from a fire, again, depending on the products and equipment systems housed there. But this brings up the question of who pays for the damage? Some new laws in California seek to determine who pays, but not everyone in the industry agrees. Articles and resources mentioned in this episode: Moody’s Ratings Report: Cargo theft intensifies Trade group criticizes California law regulating cold chain warehouses Visit DC Velocity Visit Supply Chain Xchange Send feedback about this podcast to [email protected] This podcast episode is sponsored by: ID Label