Eradicating Slavery From Supply Chains, Part 2

Struggling to determine whether there's forced labor lurking in your supply chain? There are some new tools available to help you do it. Global companies have long striven to uncover violations of human rights – and human slavery in particular – throughout the multiple tiers of their supply chains. Two new publications offer benchmarks, assessments and methodologies for achieving success: the Corporate Human Rights Benchmark, and a series of reports from KnowTheChain on the existence of forced labor. On this episode, the second of two covering forced labor and slavery in supply chains, we speak with Pierre-François Thaler, co-founder and chief executive officer of Ecovadis. He returns to the podcast to explain how these new rating systems will work, and how they can provide a competitive incentive for compliance by manufacturers and retailers. He also discusses the latest regulations in this area, and offers tips on how companies can proactively assess, measure and eliminate forced labor from their products. Failure to do so entails severe consequences, and the regulatory regime is only going to get tougher.