KEEPING IT CLEAN
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KEEPING IT CLEAN
A fact of life for Vantage is that much of its business is conducted in countries that occupy the bottom 30 percentile of the Corruption Perceptions Index . “ This brings in a whole new level of compliance and complexity into the supply chain organization where we must absolutely comply with transparency and anti-bribery legislation such as FCPA ( US ). If you are working in places like the Gulf of Mexico or Canada it is simple enough to organize a compliant and predictable supply chain , but in other locations such as in
West Africa , customs procedures are more complicated , fickle and constantly changing . In addition , countries that are highly dependent on oil are even more so severely affected in the downturn , which has a knock-on effect of potential added corruption . That has affected our supply chain strategy tremendously . We will obviously comply with the anti-corruption laws and have no tolerance for any deviation . Recognizing that import clearance times may be measured in months rather than days , a rethink of strategic sourcing and inventory management
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