In order to help companies achieve better visibility into the multiple layers of their supply chain to mitigate hazards, achieve compliance, and enable the ethical procurement of goods and services, Dun & Bradstreet, earlier this month, released the Human Trafficking Risk (HTR) index.
“Companies want to be responsible corporate citizens, but we hear time and again that they are underprepared and overwhelmed to meet supply chain due diligence requirements,” said Greg Iaquinto, leader in Global Supply & Risk Solutions, Dun & Bradstreet.
“The rising importance of responsible business practices has added to the challenges faced by procurement and supply chain professionals who are eager for a multi-perspective view into their supply chains but don’t know where to begin.”
Nearly 21 million people are victims of forced labor across the world – and 68% of those victims are estimated to support company supply chains. In fact, it is estimated that $150 billion in legal profits are generated by forced labor every year. The most common form of human trafficking is forced labor in domestic work, agriculture, construction, and manufacturing.