1 hr 3 min
Preparing for the Uyghur Forced Labor Prevention Act and Regulations Featuring Constantine Limberakis with riskmethods Art of Supply
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- Business
Governments and regulators across the globe are stepping up their oversight of corporate operations so they can drive more ethical and environmentally sustainable business practices. Each effort to uncover harmful and unethical business practices - such as environmental degradation, unfair or unsafe working conditions, and modern slavery – increases the challenge for procurement and supply chain professionals increases.
One such example, the Uyghur Forced Labor Prevention Act, takes effect on June 21, 2022. It states that all goods made in Xinjiang, China will be presumed to involve slave labor unless the company can prove otherwise. Like other ESG laws, the Uyghur FLPA will require companies to increase visibility into first-tier suppliers as well as sub-tier suppliers. What do we need to do to prepare for this act and other ESG laws and regulations?
In this livestream-based episode of Dial P for Procurement, Kelly Barner and Scott Luton welcome Constantine Limberakis, Senior Director of Global Product & Solutions Marketing at riskmethods, to discuss:
• Who the Uyghurs are and why they and the autonomous region of Xinjiang are they being singled out for international oversight
• What products and commodities are exported from this region, and how many industries and/or supply chains will be affected by the new law
• The questions that remain open about how this law will be enforced and what the penalties will be for those who do not comply
Additional Links & Resources:
Riskmethod’s Supply Chain Laws You Should Know: https://bit.ly/3vV6ipE
Governments and regulators across the globe are stepping up their oversight of corporate operations so they can drive more ethical and environmentally sustainable business practices. Each effort to uncover harmful and unethical business practices - such as environmental degradation, unfair or unsafe working conditions, and modern slavery – increases the challenge for procurement and supply chain professionals increases.
One such example, the Uyghur Forced Labor Prevention Act, takes effect on June 21, 2022. It states that all goods made in Xinjiang, China will be presumed to involve slave labor unless the company can prove otherwise. Like other ESG laws, the Uyghur FLPA will require companies to increase visibility into first-tier suppliers as well as sub-tier suppliers. What do we need to do to prepare for this act and other ESG laws and regulations?
In this livestream-based episode of Dial P for Procurement, Kelly Barner and Scott Luton welcome Constantine Limberakis, Senior Director of Global Product & Solutions Marketing at riskmethods, to discuss:
• Who the Uyghurs are and why they and the autonomous region of Xinjiang are they being singled out for international oversight
• What products and commodities are exported from this region, and how many industries and/or supply chains will be affected by the new law
• The questions that remain open about how this law will be enforced and what the penalties will be for those who do not comply
Additional Links & Resources:
Riskmethod’s Supply Chain Laws You Should Know: https://bit.ly/3vV6ipE
1 hr 3 min