Supply Chain Act Service
In June of 2021, the German parliament passed the new “Supply Chain Due Diligence Act” (German: Lieferkettensorgfaltspflichtengesetz). This law requires companies to identify, prevent, and address human rights and environmental abuses within their own and their direct suppliers’ operations. Companies must monitor their own operations and their direct suppliers worldwide and are obliged to take action if they find any violation.
Overview
The law has been passed and will come into effect in 2023, applying to companies with workforce of more than 3000 employees. From 2024 onwards, the law will apply to companies that employ more than 1000 employees. Furthermore, the law is not limited to German companies located in Germany, but also affects their foreign branches and overseas suppliers. Thus, companies are advised to start reviewing their supply chain immediately.
Customized Services That Cover Your Needs
In response to the German "Supply Chain Act", we provide the following customized services to enable your procurement and buying teams to identify and initially screen Taiwanese suppliers at an early stage.
- Verification of facts
- Documentation: interview or work records
- Trainings for local suppliers: preparation of audit
- Mediation: navigating and establishing effective communication methods, explaining steps and procedures to suppliers
Contact Us
Contact our colleague Mr. Philipp Molz, Manager Market Entry, to prepare your company for the challenges caused by the "Supply Chain Act". We make sure that your company is on the right track when the law enters into force!
