Top 10 Tips for an Ethical Supply Chain in 2018

1. Take proactive steps to avoid reputational damage. A company can not only enhance its reputation through strong corporate social responsibility, but can also avoid the reputational damage that can come from human trafficking, forced labor, child labor, or other human rights abuses in its supply chain. The damage to the brand and the reputation of company is often more significant than potential penalties or other civil liability. It can impact consumers, as well as investors, employees, applicants, and business partners. NGOs, the media, and others are actively investigating human rights abuses, and companies do not want them to find those abuses as part of their products or services. Businesses can learn from the mistakes of other companies that have been dragged through the press, and they can avoid these risks by following the steps described in this article.