article thumbnail

Germany Raises the Stakes on Corporate Social Responsibility with Supply Chain Due Diligence


Beginning on January 1, 2023, Germany’s Act on Corporate Due Diligence in Supply Chains (Supply Chain Due Diligence Act) will come into effect, taking aim at social and environmental issues arising in global supply chains. The Must-Change Mindset Continues.

article thumbnail

Doing Business in Germany


Germany is the largest economy in the EU, and it’s the second most populous country. After WWII, Germany was divided into two sectors, the FRG (West Germany) and the GDR (East Germany). Germany adopted the Euro in 1999. Manufacturing in Germany. Transportation and communication are robust in Germany.

Germany 100

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Fourth Star for Germany

SCM Research

So far, Germany has won the FIFA World Cup three times, in 1954, 1974 and 1990, and there is a good chance that it will win it a fourth time this weekend. In the case of a possible victory of the Germany national football team, first jerseys with the fourth star will be commercially available in the course of next week.”

Germany 161
article thumbnail

Grand Opening of Tesla’s Germany Based Manufacturing Facility

Supply Chain Matters

headquartered electric vehicle auto maker Tesla ’s newly constructed production facility located in Gruenheide, Germany , just outside of Berlin. As The Wall Street Journal has noted, the key to this enhanced delivery performance will be the operational output of the two newest production facilities, that of Germany and that of Austin, Texas.

article thumbnail

What does the German Supply Chain Act Mean for Procurement?


The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. Its scope is initially limited to companies (German or foreign-based in Germany) that employ at least 3,000 employees.

article thumbnail

How a Disruption in Gas Imports From Russia Could Affect Global Supply Chains

SCM Research

Robert Habeck, Germany’s Federal Minister for Economic Affairs and Climate Action, therefore activated the early warning stage of the country’s gas emergency plan yesterday. The Economic Effects for Germany of a Stop of Energy Imports From Russia , examines the economic impact on Germany.

article thumbnail

Supply Chain Compliance is About to Get a Whole Lot Tougher

Logistics Viewpoints

In January 2023, the Germany Supply Chain Due Diligence Act will come into effect, requiring businesses to monitor supply chains for human rights violations and compliance with environmental standards. The act will apply for companies with a corporate or branch office in Germany or a German workforce of at least 3,000.