March 5, 2013
Only half of businesses vet suppliers for Bribery Act compliance
Under half of British firms are failing to vet suppliers for compliance with the Bribery Act, and only 6 per cent would re-tender if they discovered their suppliers didn’t comply. A poll of procurement managers and directors by Ernst & Young found that only 48 per cent of firms carry out third- party due diligence. The study found that even though 60 per cent of firms with a turnover of £5m to £50m vet suppliers to assess if their practices comply with the Bribery Act, 16 per cent of midmarket firms would ‘do nothing’ if their suppliers failed to comply. The research also revealed that only 40 per cent of firms with a turnover of more than £50 million would remove suppliers from their supply chain if they fail to comply.
March 6, 2013
Buying green products should involve a closer look at the supply chain
by Mark Eltringham • Comment, Environment, Facilities management, Workplace design
Last year’s unrest in the Chinese factory that is a principal manufacturer of the iPhone5 shone a light into one of the usually dark corners of modern life. Namely that beneath the sleek facades of the products we buy lies the story of their production, transportation, marketing and eventual demise. Look further back than the factory and it usually starts with a hole in the ground; and, in the case of the iPhone, an open-cast rare earth mine in the Nevada desert which produces the raw materials for the cutting edge technologies that make our lives tick.
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