It’s likely that modern day slavery is in your supply chain; the International Labour Organization (ILO) estimates that close to $150 billion in annual company profits are tied to forced labor, and approximately 21 million people worldwide are victims of modern day slavery.
Actor Ashton Kutcher testified to Congress last week on modern day slavery, specifically human trafficking. His non-profit organization, Thorn, has been developing unique, innovative technologies to combat one of the worst forms of human trafficking – sexual exploitation of children.
Jan. 11 is Human Trafficking Awareness Day, Are Companies Listening?
Companies that adopt comprehensive and assertive ethical sourcing practices reap many benefits, including increased consumer trust and an improved reputation. One of the most vital and visible components of any ethical sourcing program is to ensure that products do not support human trafficking and modern day slavery.
Source Intelligence, the first vendor member of the Conflict-Free Sourcing Initiative (CFSI), is quickly working with the organization to further enhance and expand solutions for global businesses concerned about removing all known and potential conflict minerals in their supply chains.
Just last week, the U.S Advisory Council on Human Trafficking released its first annual report detailing policy recommendations for various aspects of the human trafficking supply chain, the first of its kind written by survivors.
STOP THE TRAFFIK (STT), an organization dedicated to ending human trafficking, believes that intelligence and analytics can help stop what has become the world’s fastest growing criminal industry. On Citizen IBM, STT’s Chief Executive writes about how an IBM Impact Grant –combined with donations of an IBM SoftLayer Cloud-hosted database and IBM i2 analyst software licenses –is powering a new smartphone app that enables people to report incidences of human trafficking.
The World focus on ethical sourcing of materials will shift to California next month when the Conflict-Free Smelter Initiative (CFSI) holds its annual meeting in Santa Clara. Thousands of supply chain executives and sustainability officers from top-tier companies, legal experts, NGOs and others will converge for what promises to be intense discussions about one crucial issue: Can companies do better at ensuring they have responsible and ethical sourcing practices in their product streams.
Fresh from a lengthy investigative article by the Washington Post and increased international attention to cobalt, Amnesty International announced it is calling on electric car manufacturers to be more transparent about this key ingredient in their vehicles and its possible connections to modern-day slavery and child labor.