Remove perspectives uyghur-forced-labor-prevention-act
article thumbnail

How to Navigate ESG Risk with Supplier Management Software

QAD

Companies that move fast and act smart now can stay ahead of due diligence legislation, mitigate supply chain risk and gain a competitive advantage in the process. The International Labor Organization reports that 27.6 million people were in forced labor in 2021, with children accounting for more than 12% of that total.

article thumbnail

Auto Supply Chain Prophets Podcast Wrap-up: Eps. 26-31

QAD

Episode #26: Supply Chain Perspectives from Emerging EV Suppliers It’s no secret that the automotive industry is undergoing a transformational shift as vehicle electrification takes hold worldwide. One of the things that prevent the industry from moving forward is the inability to be proactive against changes.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Identify UBOs in Your Supply Chain

Exiger Perspectives

To prevent unjust action, UBO knowledge and management help to support anti-money laundering compliance (AML compliance) and screening for politically exposed persons (PEP), terrorism financing , and adverse media data. Do you want to deal with an entity with a Russian UBO, even though it may not be prohibited?

article thumbnail

Top Considerations Around Reshoring in Today’s Supply Chain

QAD

Benefits such as low-cost labor, raw materials, cheap transportation, favorable regulations and proximity to suppliers were too good to pass up. When you use local labor, procure raw materials locally and center production in the same area, the benefits flow into the nearby economy in the form of job growth and financial stability.

article thumbnail

Common Mistakes When Rolling Out a Supply Chain Risk Management Program

Exiger Perspectives

Failing to Take Account of an Appropriate Range of Supply Chain Risk Factors Several organizations make the mistake of only considering a limited number of risk perspectives. They may, for example, be focused only on looking at suppliers from a disruption perspective and even then, mainly looking at supplier financial stability.