There are bottlenecks everywhere. Chip shortages, missing workers, clogged ports, rising commodity prices, and yes (still), Covid-19. They’re all disrupting or threatening to disrupt supply chains. For compliance officers, it’s a perfect storm.… Continue Reading
Posts Tagged: Supply Chain
The global human rights agenda is gaining momentum with a number of jurisdictions, including the United States, Germany, Switzerland, and the EU currently working (or committed) to introduce mandatory human rights due diligence laws.… Continue Reading
The human rights and environmental risks that taint the supply chain of gold and other mining commodities will be no surprise to anyone who reads the newspapers. North Mara gold mine in Tanzania made headlines just last week after an investigation into mass murder and rape of local villagers and deadly contamination from a leaking tailings dam.… Continue Reading
The International Labor Organization estimates that nearly 21 million people are victims of forced labor worldwide, working in industries ranging from agriculture to electronics manufacturing.
At one time there was nothing more Texan than Blue Bell ice cream. Unfortunately, that was before the company nearly went under from a scandal involving listeria-tainted ice cream which caused the death of multiple consumers back in April 2015.… Continue Reading
There’s no doubt that the growing commercialization of Artificial Intelligence will continue in 2017. Much of that commercialization effort will be focused around robotics, cars, and consumer side applications. However, 2017 should also start to see real growth of applications for AI in enterprises as well.… Continue Reading
Sometimes your supply chain will deliver an old-fashioned, pre-database, non-FCPA related integrity issue: the old bait and switch.
Target Corporation has severed business ties with Indian textile manufacturer Welspun India (NSE:WELSPUNIND) after it accused the company of substituting cheaper cotton for higher quality Egyptian cotton.… Continue Reading
A post this week by Frank Brown talked about spreading compliance to supply chains in high-risk jurisdictions. It’s a challenge without easy answers.
How do we overcome cultural differences and integrate local companies into supply-chain compliance programs without ruining relationships and busting everyone’s budget. … Continue Reading
Local firms in emerging markets are often highly attractive to multinationals looking for new suppliers and partners. Those local firms, many of them mid-sized, see joining a global value chain as a key step for survival.… Continue Reading
I was surprised to hear some financial services industry experts say that many large firms don’t always know who their third parties are and what exactly they are doing for the firm.… Continue Reading
Achieving consistent legal compliance in today’s regulatory environment is a challenge severe enough to keep compliance officers awake at night and one at which even well-managed companies regularly fail.
Companies increasingly understand the importance of strong vendor-compliance programs, but costly enforcement actions stemming from supply-chain mismanagement remain.
Two experts have a few training, monitoring and evaluating tips to share with us.… Continue Reading