By
Ruth Prickett2024-03-08T15:20:00
The European Union this week announced an agreement to ban products made with forced labor, a decision that will oblige organizations to track and declare more information about their supply chains for goods entering EU markets.
A framework to enforce the ban will give the European Commission new investigatory powers based on technological solutions and cooperation with other authorities and countries. Products that are found to have been made using forced labor will not be allowed to be sold within the European Union, either directly or online. They might be confiscated at the borders, and companies that do not comply will be fined.
“Goods of strategic or critical importance for the Union may be withheld until the company eliminates forced labor from its supply chains,” European Parliament said in a press release Tuesday.
2024-04-09T14:10:00Z By Ruth Prickett
The imposition of full border controls on goods entering the United Kingdom from the European Union will affect importers and their EU suppliers, and both are advised to prepare for increased checks, possible delays, and new charges.
2024-03-18T13:20:00Z By Aaron Nicodemus and Adrianne Appel
Rooting out potential child or forced labor violations in your company’s supply chain can have benefits beyond protecting reputation and being ethically sound. The process can also help your firm comply with pending child labor laws in other jurisdictions.
2024-03-13T12:10:00Z By Gwendolyn Hassan, CW guest columnist
Supply chain and ethics and compliance professionals could take a page out of the social media influencer playbook and look to collaborate with suppliers more to create their own win-win scenarios.
2025-12-15T18:04:00Z By Ruth Prickett
European banks and financial institutions must prepare now for stringent new rules on third-party suppliers.
2025-12-15T13:10:00Z By Adrianne Appel
President Donald Trump has directed the Securities and Exchange Commission (SEC) to review—and remove—any SEC rules or guidance that allow proxy advisors to influence business practices related to diversity, equity and inclusion (DEI) and environmental, social and governance (ESG) policies.
2025-12-12T18:25:00Z By Adrianne Appel
President Donald Trump has issued an executive order aimed at dismantling the artificial intelligence (AI) laws of California, Colorado and three other states with comprehensive laws.
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