Tuesday, 31 January 2017

Supply Chain Slavery Index - I am shocked.

BSI launches supply chain slavery index

3
The UK is exposed to an increased risk of modern day slaves entering the country from two thirds of the countries of the world, according to new research from the British Standards Institute.
The BSI Human Trafficking and Supply Chain Slavery Index identifies Russia, Slovakia, India and Pakistan as ‘severe risk’ source countries of ‘modern day slaves’ to the UK.
Of the G7 nations, Italy is identified as a ‘high risk’ nation – partly due to the conflict in Syria. Greece and Turkey are additionally categorised as ‘high risk’ countries.
The Modern Slavery Act came into force in the UK in 2015 highlighting the risk to business of finding examples of it in global supply chains.
The Institute has created the Trafficking & Supply Chain Slavery Patterns Index which cross-references source countries of displaced people, and their likelihood of being exploited in destination countries.
Index developer Michiko Shima said: “It looks at the intersection and relationship between source countries of displaced people, and the likelihood of being exploited upon arrival in destination countries. Other indexes are one dimensional – looking only at source or destination countries.”
The BSI believes that by pairing of source/destination countries and their relative risk it can provide a broad understanding of the breadth of threats to global supply chains. These include human rights abuses, security threats and business continuity risks.
Chris McCann, principal consultant at BSI Supply Chain Services and Solutions, said: “The Index, allied with BSI’s solutions-based services, empowers organisation to focus their supply chain risk management on identifying and assessing ‘at-risk’ suppliers and to manage the risks proactively. In doing so, progressive organisation will lessen their exposure to operational disruption, reputational damage, financial – including share price volatility – and potential legal consequences.”

Wednesday, 25 January 2017


From Ethical Alliance Newsletter

Ethical Alliance Daily News 
 

Malaysia: AirAsia denies role in Rolls-Royce corruption scandal
Jan 24, 2017 08:00 pm
Malaysia-based AirAsia on Monday (Jan 23) denied any connection to the corruption scandal engulfing Rolls-Royce, which reportedly paid millions of dollars in bribes to win contracts. After its largest ever graft probe, Britain’s Serious Fraud Office (SFO) found Rolls-Royce paid...
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Thousands of Dominicans marched Sunday in the capital Santo Domingo to protest corruption and impunity in the Caribbean nation amid the ongoing scandal involving Brazilian construction giant Odebrecht that continues to rock the region. The “End Impunity” march drew thousands...
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National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhry said that eradication of corruption is our national duty. While addressing the NAB officers after the two-day annual inspection of NAB Rawalpindi on Monday, Qamar Zaman Chaudhry urged the officers to double...
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Venezuelan officials may face U.S. sanctions for profiting from food shortages that have exacerbated hunger in the South American country. The calls by members of Congress on both sides of the aisle come in response to an Associated Press investigation...
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Su Rong, former vice chairman of the National Committee of the Chinese People’s Political Consultative Conference, was sentenced to life in prison on Monday for taking bribes, by a court in east China’s Shandong Province. He was deprived of his...
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It’s make or break time for Samsung as the company seeks to rebound after a number of high-profile embarrassments. The South Korean electronics company is set to report earnings Tuesday morning local time after what has arguably been the most...
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Tuesday, 24 January 2017

Art Quote of the day

"Art is the triumph over chaos."

via Art Quote of the Day http://ift.tt/2jWyt4H
"It takes a long time for a man to look like his portrait."

via Funny Quote of the Day http://ift.tt/2eHB6DV

Monday, 23 January 2017

Supply chain newsletter I subscribe to.

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TOP HEADLINES

Airbus to partner DMIC in Dholera ‘Aerotropolis’ project
Plans to turn DMIC’s key industrial node of Dholera into an aviation-centered economic zone and a defence and aerospace production...
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According to a recently released report titled. ‘Indian e-Commerce Logistics Market Outlook 2021’, country’s e-Commerce market...
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EXCLUSIVE INTERVIEW

“Stellar is eyeing for more acquisitions”
Expectations are high from Anshuman Singh’s (Founder & MD) Stellar Value Chains after it received highest ever funding for a start-up supply chain company in the country last year. The company is now getting into an operational mode as evident from a recent acquisition of an established cold chain firm. In an exclusive brief conversation with Ritwik Sinha, Anshuman Singh underlines the near to medium run build up strategy of Stellar Value Chains…

GUEST COLUMN

Outlook 2017
Five trends to watch in India’s telecom sector in 2017

Arpita Pal Agrawal, Telecom Leader, PwC India.
Data realisation per MB to continue to fall and decrease by 20–25% in 2017:
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BUSINESS INFORMATION

Buy / Sale / Lease
Warehousing options in Mumbai
Godamwale is offering an excellent RCC complex in Chembur,centrally located in Mumbai. Warehouses are available in sizes of 13000/10000/6500 Sq.Ft...
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Saturday, 21 January 2017

I subscribe to Ethical Alliance Newsletter.

Ethical Alliance Daily News 
 

Asia: Thai, Indonesian probes of alleged Rolls-Royce graft
Jan 20, 2017 08:00 pm
Thailand’s flagship airline yesterday said it had launched a probe into revelations that engine-maker Rolls-Royce paid millions of dollars in bribes to win contracts, including to airline employees and government officials. On the same day, Indonesia’s anti-corruption agency named the...
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A Chinese court on Thursday jailed the former vice chairman of oil giant PetroChina for 15 years after finding him guilty of corruption, the latest official to be brought down in a sweeping crackdown on graft. Liao Yongyuan stepped down...
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Las Vegas Sands Corp agreed to pay a $6.96 million criminal penalty to end a U.S. Department of Justice probe into whether it violated a federal anti-bribery law by making payments to a consultant to help it do business in...
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The Malaysian Anti-Corruption Commission (MACC) has detained the acting chief executive officer of a government-linked company for alleged corruption and abuse of power. Apart from the suspect who holds the honorific title of ‘Datuk’, the MACC also nabbed the company’s...
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Thousands of Romanians protested in Bucharest and the western city of Cluj on Wednesday against government plans to grant prison pardons and decriminalize some offences through emergency decrees that could weaken an anti-corruption drive. In Bucharest, about 3,000 people carrying...
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Chinese officials must become used to routinely “blushing red and sweating” in the country’s fight against corruption, China’s top graft buster said in comments published on Thursday. President Xi Jinping has presided over a sweeping campaign to stamp out corruption...
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