We may believe slavery has been abolished in most of the world. Unfortunately, modern-day slavery capitalizes on people’s vulnerability, discrimination, and general lack of law. In fact, only 7 of the G20 economies have regulations in place to lower the risk for companies to import or manufacture goods issued from forced labor.
Organizations often lack supply chain visibility, especially in the lower tiers. Considering the number of goods and derived products reported to directly or indirectly link to forced labor rings, it is nearly impossible to state with absolute certainty that your entire supply chain is clean. Unless you have accurate due diligence procedures and policies in place, you can’t be sure your supply chain is free of exploitation.
Modern-day slavery takes many forms, some with which we are sadly familiar, some less.
The United States imports $144 billion worth of goods that rank in the top five high-risk goods: electronics, garments, fish, cocoa, and sugar. In this video, we’re highlighting the 5 most common kinds of forced labor that sneak their way into US supply chains today.
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