Germany's struggle to clean up its supply chains has lessons for Europe [Reuters]
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Source: Reuters
America that pass through multiple hands and processes before they reach its factories in southern Germany and China. To comply with Germany's new Supply Chain Act, BAUCH, like other firms with more than 1,000 staff, must take due diligence procedures to monitor suppliers' human rights and environmental protection standards - a task which CEO Manfred Bauch says is almost impossible and threatens to rip apart his supply chain. Many German small and medium enterprises say they have been struggling to meet the cost and bureaucratic burden of the law that took effect in January 2023, adding this harms their global competitiveness. Their experience signals what industries throughout the European Union may soon face, after the European Parliament last week passed the that will require larger companies operating in the bloc to check if their supply chains use forced labour or cause environmental damage and take action if they do. Supporters say the legislation will foster responsible
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