Starting in January 2022, several EU Data Protection Authorities, as well as the European Data Protection Supervisor (EDPS), have decided or at least indicated that the use of Google Analytics would not be compatible with GDPR, in particular its provisions on personal data transfers from the European Economic Area (EEA) to the US, as interpreted following the Schrems II decision of the EU Court of Justice (CJEU). Today, Google Analytics is still the most widespread website analytics and advertising tool...

The European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF) signed the Guarantee Agreement on a European Union budget guarantee of €19.65 billion to support investment projects across Europe Investments under the InvestEU programme will focus on four policy areas: sustainable infrastructure; research, innovation and digitisation; small and medium-sized businesses; and social investment and skills. The European Commission and the EIB also signed the InvestEU Advisory Hub agreement which will provide up to...

In this week’s Roar, we’re covering Ukraine and the fall out for supply chains, stress pushing air cargo rates up, more bad news for fuel, President Biden pledging to take on foreign ocean carriers, and a renewed case for blockchain in the supply chain. The list of disruptions that have resulted from the conflict in Ukraine spans borders and modes, and is growing. Carriers are shutting down operations in Ukraine until further notice, including DHL, A.P. Moller-Maersk, FedEx, and UPS. ...

As Russia’s invasion of Ukraine continues to intensify, hundreds of thousands of Ukrainian civilians fleeing westward to the EU’s eastern borders are being welcomed in Poland, Hungary, Slovakia, and Romania. From there, the refugees are being distributed across European continent. And in a sign of strong EU action on managing the massive refugee stream, Interior Ministers signed off on the Temporary Protection Directive on Thursday evening, giving Ukrainians the right to live and work in the European Union for...

CIOs are making these considerations to create alliances with a subset of strategic suppliers. Questions to ask: As you plan for your industry’s transformation (or future challenges), what capabilities do you or your clients lack? Where are your potential partners headed, and at what levels are they investing in new technologies? When will you be ready to migrate into that next level of trust relationship? During times of change, those who are able to establish trusted relationships often emerge stronger, better...

Nothing is more fickle than information exchange: it changes colour under EU competition rules depending on the nature of the relationship between the exchanging companies. The distinction becomes particularly blurry in relationships that go beyond the traditional horizontal and vertical ones, such as in dual distribution, where a supplier sells goods or services both directly and through independent distributors. The increased use of dual distribution has led the European Commission to re-think the issue of information exchange within these systems....

Mönchengladbach, Germany (March 1, 2022) - Financial solutions firms Tradewind Finance and Finamco have announced a new partnership to improve factoring services for businesses in Colombia and the surrounding region. The two companies, which specialize in international factoring, a funding technique that converts receivables into capital, will combine their expertise in trade finance and their local and global networks to ensure accessible, effective, and premier financing for Colombian and other Latin American enterprises. Through the partnership, Tradewind, with headquarters in...

On February 24, 2022, the Commission presented a proposal announced long ago for a Directive on corporate sustainability due diligence that provides for expanded due diligence duties for companies regarding supply chains. Current applicable German law In June 2021, the German legislator passed the German Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz – Supply Chain Act), which will enter into force on 1 January 2023 The Supply Chain Act initially applies to all industry sectors and to companies with 3,000 or more employees. As...