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The problem of modern slavery — coercing labor from ethnic minorities and economically disadvantaged adults and children — has lurked in global supply chains for decades. But trade laws in recent years, notably the Uyghur Forced Labor Prevention Act (UFLPA), have made it crucial for businesses to address this risk now in their supply chains — or face serious consequences.
The problem of suspected forced labor in supply chains is affecting nearly every industry, especially electronics, textiles, industrial and manufacturing, agriculture, automotive and aerospace. In the first three months of 2024, U.S. Customs has detained incoming shipments with a total value near $1 billion. The stakes are incredibly high: Noncompliance can result not only in large fines but also revenue loss due to delays, operational disruptions, and reputational damage.
This white paper, “Eliminating Modern Slavery in Global Supply Chains,” explores how organizations can understand and comply with the regulations against forced labor. It also details the due diligence and risk detection that’s necessary for compliance, especially as suppliers involved in modern slavery try hard to mask their stain. Learn how improving supply chain visibility with advanced technology solutions can help you mitigate the risks, improve cost savings, and bolster supply chain resilience.
Please CLICK HERE to download the white paper.
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