SCM MORE THAN 12,000 companies operating UK and international supply chains now have to adhere to new laws addressing slavery and human trafficking in the 21st century. Failure to comply with the new legislation could result in the government initiating high court proceedings against an offending company forcing them to comply with its terms. More damaging from a business perspective could be the threat
of bad publicity and damage to brand value, company reputation and investor relations. The Modern Slavery Act 2015 came into force last October following a lengthy consultation process initiated last year. Regarded as a global issue, the slavery and human trafficking trade is estimated by the UN and other national organisations to be worth a minimum of $32 billion a year. Construction, agriculture, textile, security food