HR Policy Global

S01E24 - Supply Chain Developments

Welcome to the Wild Side, a podcast that discusses the world of modern employee relations ten minutes at a time. This podcast is about the future of supply chain management. In this episode, host Alan Wild discusses how changes in hard and soft law increase the importance of supply chain management for Employee Relations Professionals. Alan is the Global Affairs Director of the HR Policy Association, the leading voice of chief human resources offices today.

Supply Chain management today is a high-value item at the UN, the European Union, and many national governments. It's also increasingly important for those seeking to develop corporate campaigns. Ten years ago there were few laws and regulations requiring businesses to implement human rights due diligence processes and to report on human rights risk management. As global labor standards are universally adopted, national governments are embracing the Ruggie principles and passing new legislation that will focus on the global supply chain. As momentum grows for stronger government action and the introduction of mandatory measures to address business-related human rights impact, now is the time to recalibrate enterprise risk and give greater consideration to your supply chain.

Key Takeaways: 

  • As the Clifford Chance report and Ruggie principles become widely adopted, the legal risk for companies shifts dramatically. [2:50]
  • The commonalities and differences of national initiatives and public reporting requirements. [5:06]
  • Why international companies should anticipate new legislation and mandatory measures regarding due diligence in global supply chains. [8:40] 
  • Five takeaways from the Clifford Chance report that businesses need to know. [10:19]