If a company is concerned with ethical sourcing and has concerns about issues such as corruption and modern day slavery within the supply chain, what course of action should they take?
A.
Only work with known suppliers
B.
Complete Due-Diligence on all new suppliers
C.
Only work with suppliers who have a published Anti-Slavery policy
D.
Complete formal tenders to find the best suppliers
Completing Due Diligence checks will help guard against concerns about unethical business practices.
Not all companies will have a published Anti-Slavery policy- this is only required for large companies.
Known suppliers might have issues that you don't know about so you should always do due-diligence checks on everyone you work with
Formal tenders won't sort out ethical issues unless specifically addressed within the tender and strong contract management is put in place afterwards.
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