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Supply Chain Act

oboloo Glossary

Supply Chain Act

The Supply Chain Act is a law enacted in 2019 to promote accountability and establish transparency in corporate supply chain management. It specifically seeks to ensure that companies are held accountable for any human rights violations committed by their direct suppliers or downstream business partners. This includes ensuring the health, safety, and ethical treatment of employees in their supply chains. The Act also requires companies to disclose their supply chain practices and take steps to reduce the risk of human rights abuses occurring. Additionally, companies will be expected to develop an internal monitoring system to ensure compliance with the regulations outlined in the Act.

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