Legacy Systems, Nike’s Stock Bounce, and Sustainable Retail

Legacy systems pose security risks due to outdated technology, requiring businesses to prioritize modernization and secure infrastructures to prevent cyberattacks. Meanwhile, Nike shares bounced back after Vietnam considered removing US tariffs.

This is the Week in Retail & E-Commerce!

Securing E-Commerce: Protecting Supply Chains From Cyberattacks

Legacy systems are critical for businesses but pose significant security risks due to their outdated technology and difficulty in monitoring. As digital transformation accelerates, businesses must focus on securing these infrastructures to prevent cyberattacks, with proper inventory management and regular testing being essential. Experts stress that while modernizing these systems can be costly, it is a necessary investment for reducing exposure to risks and ensuring long-term security.

Nike Shares Rise on Hopes Vietnam Will Cut US Tariffs

Nike's stock rebounded sharply after US President Trump mentioned that Vietnam is considering eliminating tariffs on US goods, a move that could benefit companies like Nike with significant operations in the country. The announcement followed a volatile week for the company, whose shares had fallen over 14% due to a 46% US tariff on Vietnamese imports. While Nike's recovery is linked to these tariff talks, the company still faces operational challenges, including a 9% decline in revenue for 2024 and a strategic shift to reduce dependence on China amid trade tensions.

Supermarkets Must Leverage Powers of Collaboration, Influence

Climate change is driving up food prices and threatening supply chains, with countries like Japan facing extreme weather impacts on crops and Mexico's avocado production at risk. Supermarkets are taking steps to reduce emissions and promote sustainable practices, with most focusing on operations, packaging, and waste, but key challenges remain in decarbonizing food production, gaining visibility into supply chains, and influencing customer demand for sustainable products. To meet net-zero goals, supermarkets must collaborate with suppliers, policymakers, and customers, leveraging their influence to drive systemic change and ensure a more sustainable food system.

Lafayette Advances Sustainability in the Textile Industry

Lafayette, with over 80 years in the textile industry and 30 years in Mexico, is enhancing its sustainability efforts through advanced environmental initiatives, including water conservation, energy efficiency, and material reuse. The company has invested in wastewater treatment systems, solar energy, and recycled polyester yarn, while reducing carbon emissions and promoting circular economy principles. Additionally, Lafayette supports environmental stewardship through reforestation projects and provides sustainability training to small business owners through its Hilando Empresas program.