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Procurement Can Prepare for  Supply Chain Risk

ivalua

Supply Chain Managers today have never been so reliant on suppliers to deliver goods and services to customers. Globalisation has made is much easier for UK businesses to trade across borders, allowing access to lower cost sources of supply and new markets. Businesses aren’t prepared for Supply Chain Risk.

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The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

Many multinationals have engineered their global supply chains to minimize taxation by creating subsidiaries in low taxation nations like Switzerland, Ireland, and Singapore. In April of 2022, British American Tobacco, headquartered in the UK, agreed to pay $508 million in fines for selling their products to North Korea.

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Made in “I Really Don’t Know”

Talking Logistics

In this week’s Ripped from the Headlines segment, another example of how many companies still have poor visibility and control of their end-to-end supply chains. We do not approve or authorise any production of Rip Curl products out of North Korea.”

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In Chains: How to Approach Human Trafficking in your Supply Chain

Elementum

The process of identifying and penalizing human traffickers in a supply chain is exhaustive and at this point a comprehensive solution seems nearly impossible. It’s easy for these suppliers to turn a blind eye to any illegal activity, so information about employment doesn’t always make it to the top of the supply chain.

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Mitigating Geopolitical Risks in the Supply Chain, Part One

Enterra Insights

In the concluding part of the article, I want to examine how geopolitical risks might affect supply chain operations. ” • Notorious North Korea. Interestingly, Kupchan and Bremmer didn’t include North Korea as one of their trouble-spots for this coming year. Geopolitical Risks • Rogue Russia.

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Forced Labor in Seafood Supply Chains

EcoVadis

While environmental repercussions of overfishing have traditionally been the focus among seafood consumers, labor practices in the seafood industry supply chains have recently emerged as the most discussed Corporate Social Responsibility (CSR) issue plaguing the sector. According to the U.S. The revelations forced the U.S. and the U.S.

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Chinese New Year Shutdown 2020: How to Prepare

ShipBob

In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei), the Chinese New Year holiday is a very big deal. For some Americans, the holiday comes and goes without them even noticing. Halted production.

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