Slavery affects more than 40 million people worldwide and many of them are exploited linked to the supply chains of the international businesses supplying goods and services. It is a lucrative business, slavery is estimated to generate more than $150 billion a year. Modern slavery is most prevalent in Africa, followed by Asia and the Pacific.
Corruption is estimated to be the single greatest obstacle to economic and social development around the world. It distorts markets, reduce economic growth, debase democracy and undermine the rule of law. It is estimated to equal 5% of global GDP.
According to McKinsey, 90% of companies’ impact on the environment come from supply chains. Environmental impacts from supply chains can include toxic waste, water pollution, loss of biodiversity, deforestation, long-term damage to ecosystems, air emissions and excessive energy and water use.
Many of todays challenges can be found originated from dark spots in the supply chain. Ethical responsible companies risk counterfeit parts and unethical behavior in their supply chain causing bad reputation and even law suits from customers.
Not having full control of the supply chain can cause severe damage for companies, societies and the planet earth.
By taking ethical and environmental responsibility in supply chain management – You can make a change! Together we can make a paradigm shift where ethical responsible transaction is a standard, and responsible business is an outspoken competitive advantage.
That will be good for your company and the planet!