SUSTAINABILITY
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NOW from these platforms still need to be identified and verified on-the-ground , and as yet there is no fully viable alternative to realworld in-person remediation .”
Supply chain laws impact on planning On-the-ground , the reality for those working in supply chain is that new laws are changing the way that supply chains must be planned and vetted if they are not to fall foul of the law . Many of the new regulations have come into effect only in the past year or so .
The Uyghur Forced Labor Prevention Act ( UFLPA ) was one of the first forced-labour bans to impose a tangible consequence for forced labour violations .
ACCORDING TO THE INTERNATIONAL LABOUR ORGANIZATION 450 million + PEOPLE WORK IN SUPPLY CHAIN-RELATED JOBS
It was a significant milestone for human rights and , saysFranklin has had many positive impacts , including translating the “ previously intangible risk of human rights ” into dollars and cents , with direct impacts on the bottom line .
He says : “ At LRQA we ’ ve seen millions of dollars ’ worth of goods withheld after failing to comply with UFPLA requirements . We ’ ve also seen media coverage linked to failing to comply with the UFLPA , which then creates a real-world reputational risk for brands .
“ Collectively there are examples where this has impacted profitability and has lead to share prices falling and operational disruptions .” UFLPA , he feels , has
86 November 2023