Labor, Supply Chain & Geopolitical Sourcing Risk

Towson’s unionized-store closure, the IAM NLRB charge, Ashley Gjovik litigation, reported layoffs, and China Labor Watch allegations sustain labor risk. Apple’s apparently delayed or renamed 2026 supplier report raises a limited transparency question, while alleged CXMT DRAM testing remains unconfirmed but could trigger U.S. approval, compliance, quality, China-dependence, and political scrutiny.