Deloitte Webcast "Ensuring Resilient & Sustainable Supply Chains"
Wednesday, 4th of November 2020, 11.00-11.45
In our Deloitte Webcast "Ensuring Resilient & Sustainable Supply Chains", we discuss current issues and legal questions regarding "Responsibility in the Supply and Value Chain" and related challenges for supply chain management.
Global value chains account for 80 percent of world trade. Companies from Germany, one of the leading industrial and export nations, are particularly closely involved in international supply chains. The COVID-19 Pandemic and the measures taken to contain it have highlighted the fragility of supply chains in a global world and are prompting companies to put their supply chains to the test. The aim is to diversify structures, reduce dependencies, build alternative and/or positively redundant relationships, spread possible risks more widely and thus increase the resilience of supply and service chains. In addition, many companies are faced with the challenge of ensuring the safety of their own employees in the face of the health risk posed by COVID-19 without significantly affecting the efficiency of the production and supply chain.
At the same time, existing and expected regulatory requirements often trigger pressure to act. The topic of sustainability in the supply chain has been preoccupying the economy, consumers and politicians for years, but has recently become more and more the focus of discussion in the broader public. Current developments at national, European and international level show the increasing efforts to regulate compliance with sustainability principles and to create appropriate sanction mechanisms. Examples include the UN Guidelines for Business and Human Rights and the OECD Guidelines for the Promotion of Responsible Supply Chains for Multinational Enterprises, as well as the Timber Trade Regulation, the Conflict Minerals Regulation and national legislative acts such as the French Due Diligence Act, the Dutch Child Labor Prevention Act and the UK Modern Slavery Act.
Our webcast on November 4, 2020 picks up on some of the current developments and, in addition to a presentation of the main economic and operational drivers, focuses in particular on questions relating to ensuring sustainable supply chain management against the background of increased uncertainty on the demand and supplier side, the obligation to ensure their duty of care for the health of their employees and new obligations to comply with sustainability principles in supply chains at national, European and international level. In this context, we focus in particular on the German Due Diligence Act announced by the Federal Minister of Labor, Hubertus Heil, and Dr. Gerd Müller, Federal Minister for Economic Cooperation and Development, which was already addressed in the coalition agreement of February 7, 2018.The planned Due Diligence Act, of which only key points are known so far, will impose strict obligations to maintain high social standards in international supply chains.
In our webcast, we look at the current challenges for supply chain management also, but not only, against the background of the planned draft law for a Due Diligence Act. We show the motives behind the Supply Chain Act initiative and shed light on previous legislation or legislative initiatives. We then use the key points of the planned draft law to present the need for action associated with the law, the associated risks for companies and possible effects on supply management.
Finally, we discuss suggestions for possible mechanisms for implementing the legal requirements and show which practical measures can be taken to take responsibility for compliance with social and ecological standards in the supply chain in order to ensure sustainable supply chain management for your company in practice.
Of course, we also look forward to questions, comments and the view from previous practice from the audience. Our experts are also available for a detailed Q&A!
Topics will include:
- Decisions for a resilient supply chain from a business perspective
- Supply chain decisions under uncertainty (wargaming, supply chain control tower)
- Workplace Health & Safety to ensure a resilient pool of resources Previous legal framework and legislative initiatives at national and international level
- Sustainability challenges in the upstream supply chain
- The business case for action
- Mechanisms and measures to promote sustainability in the supply chain
Please feel free to submit your questions for the Q&A part already upon your registration.
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