The German Supply Chain Act (Lieferkettengesetz, or LkSG) will come into effect on January 1st, 2023.
As the number of third parties in your supply chain grows, supply chain monitoring is quickly becoming a necessity.
Creating and implementing a code of conduct enables companies to prevent some supply chain risks and safeguard their reputation. It can even translate into a competitive advantage when scouting for a proper supplier.
As the complexity of supply chains continues to grow, so should due diligence efforts. But what exactly is supply chain due diligence, and why does it matter?
2021 has taught us that there are ways around global supply chain disruptions—and lessons behind every misstep. This is why we’ve put together the top five lessons learned in 2021, with additional tips you can apply to ensure supply chain success in 2022.