Supply Chain Act - Opportunities & Risks
Global supply chains employ more than 450 million people, 73 million of them children alone. German companies alone generated sales of 1.09 trillion euros in imports in 2018 (Source: BMZ).
The German Federal Ministry for Economic Cooperation and Development (BMZ) and the German Federal Ministry of Labor and Social Affairs drafted the Supply Chain Act, which is still to be passed in this legislative period, to create more fairness in global supply and value chains. It is intended to
- define what obligations companies have in protecting human rights,
- how companies can meet them in their supply chains,
- require companies to report on their efforts,
- strengthen workers' rights in court, and open a pathway,
- assert claims for damages in Germany.
In addition to that, the EU justice commissioner has stated in April 2020 that the EU itself will work on a quite similar approach.
Our webinar looks at the Supply Chain Act from different perspectives.
Daniel Wuhrmann attorney-at-law at reuschlaw Legal Consultants shares his expert knowledge about legal aspects of the supply chain act. He will be focused on:
- Status quo regarding Germany and the European Union
- Known facts of the drafts: requirements, obligations and consequences
- Recommendations for preventive actions from a legal perspective
Stephen Price, Global Business Development Manager at Intertek Inlight talks about who Intertek is, assess, identify & guidance, how the solution Inlight can support organisations as well as about examples of how Intertek supports current clients. Inlight is an end-to-end supply chain risk management tool allows organisations to gain a better understanding of suppliers’ capabilities and processes to allow to gather key insights into your global supply chain.
The webinar will be held in English on 24 March, 10:00-12:00. You can register here.