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Is there forced labor in your supply chain?
- Goods and materials made with forced labor can find their way into almost any company’s global network of suppliers. That’s why companies, regulators and other stakeholders are on the lookout.
- Potential forced-labor violations are prompting the US Customs and Border Protection to detain imports — just one of the many recent signals of intensifying scrutiny.
- New data analytics and modeling techniques can help companies detect forced labor in their supply chains and in their suppliers’ suppliers. This visibility is key to risk mitigation and compliance.
Forced labor is an issue organizations can no longer ignore. Although illegal, this form of modern-day slavery is becoming increasingly widespread. In a global economy, goods and materials made with forced labor can permeate almost any company’s network of suppliers. That’s why forced labor is drawing mounting scrutiny from different stakeholders, including regulators, human-rights organizations, investigative journalists, consumers, investors and companies themselves.
Businesses are responding by using technology to monitor their supply chains. Identifying and mitigating forced labor will be critical to avoid growing legal, operational and reputational risks.
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