Nine billion dollars (1)–a conservative estimate on how much the supply chain traceability sector will be worth within 10 years, or even sooner. It’s a big business. And it’s growing fast because companies know that understanding where their products come from and being able to offer assurances to regulators and consumers is critical to being able to run profitable and resilient businesses.
Recently in Osaka-Saki, Japan, the G7 Trade Ministers convened to discuss key issues affecting the global trading system and the topic of fishing subsidies was high on the agenda. Each year, governments worldwide provide an estimated $35.4 billion to subsidize their fishing fleets and over 60% of these subsidies go to commercial fishing that contribute to depletion of the world’s fish stocks. The G7 Ministers pledged to work on additional provisions to the historic agreement struck last year by the World Trading Organization (WTO) to reform fishing subsidies. The call for action was to seek greater alignment with Sustainable Development Goal 14.6, which addresses overfishing and Illegal, unreported, and unregulated (IUU) fishing.
The United States and other governments are creating laws and regulations to require more effective management and prevention of these risks by those who sell goods and services to the government and by those who import goods into the US and other countries. As a result, government officials of many types – from contracting and procurement officials to Congressional staff – are increasingly engaged in matters related to labor and human rights risks in global supply chains.
This is a training developed for professionals in healthcare systems involved in the procurement of goods and services. It examines the risk of forced labor and labor trafficking in healthcare, specifically regarding supply chains and service providers. This free course has no prerequisites.
Verite’s analysis of thousands of recent recruitment transactions between employers and labor recruiters in high-risk labor migration corridors into the Southeast Asia, Middle East, and Gulf Cooperation Council regions finds that fewer than 10% of employers are recruiting workers ethically by paying the full cost of recruitment and preventing workers from being charged for their job.