The global electronics industry is putting pressure on suppliers to cut greenhouse gas emissions. Members of the Washington, D.C.,-based Electronic Industry Citizenship Coalition, which includes Apple, Dell and IBM, said it will begin collecting emissions data from metal, plastics and chemical manufacturers.
Europe, too, plans to make its supply chain “greener.” European Environment Commissioner Karmenu Vella announced a plan to have more recycling material used by suppliers.
Cheaper oil prices are not just impacting oil drilling companies, but also those that manufacture and service offshore oil rigs. There is also currently an oil rig oversupply.
US consumer confidence fell in February more than expected. The Conference Board reported its index dropped to 96.4, down from the 102.9 in January.