“This new Global Slavery Index makes for very uncomfortable reading. Modern slavery is one of the world’s fastest-growing and most profitable criminal endeavours, and these latest statistics show it exists in our own communities, and is not just happening in other countries. There are an increasing number of regulations, and growing pressure on businesses to ensure they have full visibility of their supply chain and understand exactly who is involved in providing goods and services. Having a full picture can ensure a company is ‘doing the right thing’, and also avoid unwanted media coverage and financial penalties.
“Businesses play a key role in the fight against modern slavery and could unknowingly have forced labour within their supply chains; this nefarious activity is often hidden through the use of subsidiaries and sub-contracting. All businesses – particularly those in high-risk industries that outsource raw materials such as cocoa and cotton – need to be closely analysing and monitoring their supply chain to protect their business reputation and identify any potentially illegal activity. Having accurate and up-to-date information is crucial to helping eradicate slavery and make it a thing of the past.”
Chris Laws, Head of Product Development – Compliance & Supply at Dun & Bradstreet