Many companies conduct audits of suppliers for compliance with applicable laws, including laws regulating forced labor, trafficking, underage labor, worker safety, and related human rights matters. But what are the key legal considerations in conducting supplier compliance audits, and what is the best practice for doing so?
Given recent global events, it goes without saying that supply chains have been tested in recent months. Designing a resilient supply chain is the key to not only weathering the current pandemic, but also to overcoming future unexpected disruptions. In the current pandemic-induced crisis, the disruptions may be geographic (e.g., factories/plants shut down in certain geographic locales, making sourcing difficult or impossible). But there may also be disruptions based on trade-related developments (e.g., increased tariffs,…