Modern Slavery in the Supply Chain: Identifying and Safeguarding the Major Risk Areas

September 26, 2016

The Global Slavery Index defines modern slavery as a situation where a person is employed in work that they “cannot refuse or leave because of threats, violence, coercion, abuse of power, or deception, with treatment akin to a farm animal.”

This barbaric treatment can take a number of forms, including human trafficking, forced labour, debt bondage (also known as bonded labour), and worst forms of child labour.

Organisations can suffer reputational damage and risk losing both consumer confidence and market share if they are found to be sourcing from suppliers that use exploitative labour.

It has been estimated that consumer action against companies linked to slavery costs those implicated £2.6bn a year. The companies and individual employees responsible may also face legal repercussions if their suppliers are involved in illegal conduct, even if that conduct occurs abroad.

Read about the challenges, initiatives and strategies for managing this important risk topic and how embedding an ethical approach is achievable and the best way forward for your business.