What does supply chain management mean?
Wikipedia understands the term as follows:
"A supply chain law is intended to require or hold companies liable for tracing intermediate goods or finished products procured abroad at all stages of their supply chain for any production processes that are harmful to the environment or violate labor conditions." Lieferkettengesetz (2021, April 12). In Wikipedia, The Free Encyclopedia. Retrieved 15:53, April 29, 2021, from https://de.wikipedia.org/wiki/Lieferkettengesetz
What does this mean in concrete terms?
In the long run, there is no way around the Supply Chain Act for YOU as a company. It must be proven that production, manufacturing of products in compliance with human rights, and environmental standards is sustainable and fair.
What is the current legal status?
The German government agreed on the draft of a supply chain law on March 03, 2021.
Supply chain management and the corresponding requirements can be mapped very well with the TQG businessApp platfom.®.
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