February 19, 2013
A third of companies make no checks on their suppliers
The ongoing European horsemeat scandal may be the most high profile example of what happens when companies lose sight of what is going on in their supply chain, but according to a new report from Ernst & Young, ignorance of the ethical standards and activities of suppliers in the UK is endemic. Over half of UK businesses do not carry out due diligence on their suppliers and 30 percent admit to carrying out no checks at all. In turn, this inevitably throws doubts on the ethical standards of the same companies as well as any environmental or other aspects of corporate social responsibility. More →