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 5, 2013
Video: another prediction from the 60s gets it a bit right and a bit wrong
by Mark Eltringham • Comment, Technology
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The latest in our series of videos looking at how the world in which we now live was predicted a generation or so ago. This time a clip from a 1967 documentary called 1999 AD. Although accurate in many respects including the use of online shopping and e-commerce as well as e-mail it betrays its origins in the use of devices with discrete functions, which is reflected in the clearly defined and – to our eyes – jarring description of gender roles.