37 Additions to UFLPA Entity List Most Likely
to Impact Energy and Textile Industries
WASHINGTON, Jan. 17,
2025 /PRNewswire/ -- Exiger, the market-leading
supply chain and third-party risk AI company, released proprietary
research generated by its AI platform 1Exiger examining the impact
of the Department of Homeland Security's recent announcement that
37 entities have been added to the Uyghur Forced Labor Prevention
Act Entity List. Exiger's analysis reveals that the additions are
most likely to impact the renewable energy and textile
manufacturing industries, resulting in heightened risk of supply
chain disruptions and rising costs.
The 37 entities are tied to critical minerals, cotton, and
polysilicon used in solar modules from the Xinjiang Uyghur
Autonomous Region of China. The
UFLPA mandates that goods produced wholly or partially with forced
labor in the XUAR or by entities linked to forced labor are
prohibited from entry into the U.S. The DHS's expansion of the
UFLPA Entity List, now totaling 144 entities, reflects continued
efforts to combat forced labor and human rights abuses.
Exiger identified 13.1 million shipments involving the newly
added UFLPA entities or their direct or indirect subsidiaries since
the start of 2024. More than 53,000 unique shippers, 113,000
business relationships and 88,000 unique consignees are associated
with these shipments. Of those implicated, consignees are
concentrated amongst construction and engineering, specialty
retailers and distributors. Shippers are concentrated in textiles,
apparel and luxury goods; electronic equipment, instruments and
components; and metals and mining.
Exiger's research also identifies the countries outside of
China where shipment entities and
consignees are based (Indian, Taiwan and Vietnam), and offers a case study diving
deeper into one of the new entities, Huafu Fashion Co. Ltd.
Exiger cautions that industry stakeholders may experience delays
due to increased Customs and Border Protection inspections, product
or material shortages, strained logistics networks, and increased
expenses from logistics and compliance measures. The company
continues to monitor vulnerable supply chains and is working with
customers to conduct supply chain audits, identify alternative
suppliers and enhance due diligence where appropriate.
Exiger's complete analysis is available at
https://www.exiger.com/perspectives/dhs-adds-37-entities-to-uyghur-forced-labor-prevention-act-entity-list/.
About Exiger
Exiger is revolutionizing the way
corporations, government agencies and banks navigate risk and
compliance in their third-parties, supply chains and customers
through its software and tech-enabled solutions. Exiger's mission
is to make the world a safer and more transparent place to succeed.
Empowering its 550 customers across the globe, including 150 in the
Fortune 500 and over 55 organizations across the Defense Industrial
Base and government agencies, with award-winning AI technology,
Exiger leads the way in ESG, cyber, financial crime, third-party
and supply chain management and recently achieved FedRAMP® Moderate
Authorization. Named one of Fast Company's 2023 and 2024 'Brands
That Matter' and recipient of the Third Party Risk Association's
2024 Innovator Award, Exiger's work has been recognized by 50+ AI,
RegTech and Supply Chain partner awards. Learn more at Exiger.com
and follow Exiger on LinkedIn.
For more information, please contact:
Kody Gurfein
Chief Marketing Officer
1.914.393.0398
kgurfein@exiger.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/exiger-identifies-13-million-shipments-50k-shippers-implicated-in-forced-labor-connections-302354581.html
SOURCE Exiger
