What challenges do companies face when trying to adopt responsible sourcing practices ?
“ Companies looking to enhance their ESG policies with responsible sourcing must be ready to navigate supply chain vulnerabilities , and supplier relations and manage overall transparency and resiliency for consumers of the endproduct ,” Howell says . “ Regulators ’ oversight of supply chain issues is increasing around the world as well . Several European countries and the United States have recently passed legislation mandating due diligence in supply chains , while the European Union and Canada have proposals under consideration . Though many global companies are already acting towards maintaining a sustainable and transparent supply chain , companies must prepare for the local implications of legislation .”