Afternoon Coffee: Cargill Considers Selling Energy Business, FERC Asks NERC for New Supply Chain Risk Management Standard

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Cargill Inc. is considering selling its metals and energy business to focus more on food and agricultural activities. The company’s metals and energy business includes power and gas, oil and oil products and steel and iron ore activities.

The Federal Energy Regulatory Commission directed the North American Electric Reliability Corporation to create a new supply chain risk management standard to improve the cybersecurity of the bulk electric system. The standard would require an “affected entity to develop and implement a plan that includes security controls for supply chain management for industrial control system hardware, software and services associated with bulk electric system operations,” FERC said in a statement.

Verizon will buy Yahoo for $4.83 billion, a deal expected to be approved by regulators and finalized in the first quarter of 2017. The companies did not comment on who will lead Yahoo following the buyout, but current Yahoo CEO Marissa Mayer wrote to employees that she plans stay and to see the company “into its next chapter.”

Research suggests Bangladesh, India and Myanmar are at risk of a major earthquake as the Indian subcontinent actively collides with Asia. The research suggests apparel companies sourcing from this area of the globe need to address the risk such a natural disaster could pose to their supply chains.

 

 

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