Strengthen Supply Chain Visibility and Reduce Risk

Look into recent statistics that illustrate the current supply chain climate, including:

• More than half of apparel and agricultural companies were found not to meet expectations on preventing child labor in their supply chain¹
• Fewer than a third of supply chain executives looked to address corruption and bribery issues with their suppliers²
• It’s estimated that customs clearance adds about $185 for each day delayed to the cost of a consignment, which facilitates a favorable environment for bribery and corruption³
• 41% of influencers responding to a survey say they only label their endorsements with the FTC-mandated hashtags when they’re explicitly asked, while 7% never label their content at all.⁴

Walk through the potential for exposure to bribery, corruption, human rights and environmental risks by detailing key considerations for each stage of the product lifecycle:

• Foundations (Factory, Staffing and Utilities)
• Raw Materials (Suppliers)
• Distribution (Shipping and Customs)
• Ancillary (Agents, Reputation and Associations)

Effective supply chain due diligence helps businesses better balance corporate responsibilities with core business objectives by enabling them to:

• Improve corporate citizenship
• Reinforce goodwill among customers and shareholders
• Prevent exposure to costly fines and reputational damage
• Minimize long-term impact on business continuity and shareholder value

Strengthening supply chain fundamentals and improving global supply chain visibility can positively impact overall business operations. It provides a deeper look into the ethical standards and consumer and shareholder expectations that are a part of operating in today’s increasingly global marketplace. The infographic details why supply chain issues rooted in bribery and corruption take a significant toll on the global economy, humankind and the environment and how the responsibility to help prevent them begins with your business. Take the next step toward stronger global supply chain visibility with insights from our infographic.

¹ Slobe, Erik, “Corporations failing to meet human rights obligations report,” Jurist, November 12, 2018, https://www.jurist.org/news/2018/11/corporations-failing-to-meet-human-rights-obligations-report/
² Webb, Jonathan, “Two thirds of corporations ignore corruption in their supply chains,” Forbes Magazine, July 19, 2017, https://www.forbes.com/sites/jwebb/2017/07/19/two-thirds-of-corporations-ignore-corruption-in-their-supply-chains/#73a2d2a7348
³ Manners-Bell, John, “Endemic corruption in global logistics,” Kogan Page, June 4, 2015, https://www.koganpage.com/article/endemic-corruption-in-global-logistics
⁴ Iurillo, Olivia, “6 Dangers of Influencer Marketing,” Social Media Today, July 11, 2019 https://www.socialmediatoday.com/news/6-dangers-of-influencer-marketing/558493/