Supply chain News and trends

Many companies are lagging in their efforts to achieve compliance with a spate of new laws and regulations worldwide for reporting on the used of forced labor within their supply chains, according to a report by Deloitte.
Driving the sluggishness in some measure is a lack of guidance from regulators and governments on how to comply — far different from the scenario when the SEC’s rules on conflict minerals, written to satisfy a provision of the Dodd-Frank Act, took effect in 2011.

Via EcoVadis

Based on discussions held at the briefing, it was apparent that regardless of any potential conflict minerals regulatory (Dodd-Frank 1502) changes, the need for supply chain transparency is not going away. However, this desire for improved corporate social responsibility will not come without challenges. As new regulations emerge around the globe – including conflict minerals reporting in the European Union, and consumer and investor demands grow louder, the temptation increases for some within the vast supply chain to hide or manipulate information. So, compliance work is quickly becoming a part of comprehensive ethical sourcing programs.

Via EcoVadis