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Reposted from Linklaters - Americas Insights

Managing supply chain risks: reporting and diligence

Regulator, investor and consumer scrutiny of the ways companies manage their business relationships and supply chains has never been higher, driving a trend towards more active supply chain management across a broader range of risk areas. In the United States, the State Department issued a supply chain advisory in 2020 providing guidance in respect of alleged human rights risks, while enforcement by the Customs and Border Protection Agency, targeting goods allegedly produced using forced labor, continues apace. 

Our latest publication takes a cross-border approach to these issues and identifies the key emerging themes in supply chain risk management. We also suggest practical steps that all businesses can take to identify and mitigate their supply chain risks.

Companies are now being pushed to look beyond more traditional methods of supply chain management, which have tended to focus on the commercial aspects of procurement and on supply contingency planning, with a view to ensuring favourable supply terms and business continuity.

Tags

business and human rights, supply chains, due diligence, esg