A good news story for the metals industry and any manufacturing company with sourcing risks...

As ethical sourcing becomes a high-profile risk topic from both regulatory and human rights perspectives, addressing forced labor risks across the manufacturing and supply chains will become more important. Some considerations to address this risk include:

  • Third-party due diligence
  • Sourcing reviews, including on-site
  • Manufacturing and processing reviews
  • Monitoring changes to the sourcing process
  • Understanding financial flows and sources that touch the supply chain
  • Incentivizing ethical behavior from third-parties in contracts
  • Implementing strong controls to track people, process, transnational and quality risk