Santa Cruz Tech Beat


You Can’t ‘Contract Away’ Supply Chain Problems

By Alexander Gershenson
CEO, SupplyShift

December 4, 2018 — Santa Cruz, CA

There are many compelling reasons for international businesses to ensure that their global supply chains are free from ethically or environmentally questionable practices. Any company that’s serious about corporate social responsibility, and about the commitment of their customers to their brand, would be horrified to learn that forced laborers are assembling its products or that its palm oil supplier is clear-cutting rainforest to expand production.

However, beyond a personal sense of responsibility to be a good corporate citizen, businesses are also being held to new regulatory and legal standards. The UK Modern Slavery Act, for example, includes requirements for certain businesses to issue annual statements on steps being taken to rid forced labor from their supply chains. A growing number of corporations are being held financially accountable when a supplier’s negligence turns into tragedy.

Consumers are increasingly demanding that their preferred brands live up to higher ethical and environmental standards. They are not looking for slick marketing messages, but rather true transparency and data to back up claims of environmental stewardship and fair labor practices.

Continue reading here:


Related Posts

Sign up for our free weekly email digest!

Follow Now

Twitter Feed

Facebook Feed

Santa Cruz Tech Beat shared a photo.
Santa Cruz Tech Beat

Looking for the perfect intern for your business? Attend an interactive Lunch and Learn this Thursday with #MBEP, the @SalinasChamber, and SCORE designed to help you create internship postings for free with @MBInternships

Learn more & register today!
... See MoreSee Less

16 hours ago  ·  

View on Facebook
Santa Cruz Tech Beat shared a post.
Santa Cruz Tech Beat

Thanks, Matthew Swinnerton, for posting my talk at the Jan 2019 Titans of Tech event (with lovely intro by Margaret Lawrence Rosas).Sara Isenberg, founder of Santa Cruz Tech Beat at the last Santa Cruz Works Titans of Tech event. Wonder who will be next years Titans.... ... See MoreSee Less

18 hours ago  ·  

View on Facebook