- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Some of the world’s top brands including confectioners, jewellers, and cosmetics giants are failing to disclose slavery and trafficking risks that might be present in their operations and supply chains, according to a report by a U.K.-based human rights campaign group.
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The United States is the world’s largest importer of goods at risk of being produced through modern slavery among G20 countries, followed by Japan, Germany, the United Kingdom, and France, according to the 2018 Global Slavery Index.
Breaches of the EU’s GDPR can cost companies substantial sums and huge reputational damage. Now some are warning that the implementation of the EU’s AI Act will be just as far-reaching, and could potentially lead to similar numbers of cases.
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
