LP Magazine

JUL-AUG 2019

LP magazine publishes articles for loss prevention, asset protection, and retail professionals covering shrinkage, investigations, shoplifting, internal theft, fraud, technology, best practices, and career development.

Issue link: http://digital.lpportal.com/i/1146652

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Page 39 of 76

39 LP MAGAZINE | JULY‚ÄďAUGUST 2019 Approximately half (48%) of all corporate social responsibility (CSR) incidents recorded by BSI in the last year involved migrants. The often desperate need for income to support their family leads many vulnerable individuals into labor exploitation. This issue will likely remain key for supply chains in 2019, and companies must invest in a more thorough understanding of their supply chain to truly assess the risk of migrant laborer exploitation. Dramatic Policy Shifts Recent political shifts in Brazil, Mexico, the UK, India, and the US are setting the stage for an eventful 2019. Newly elected leadership in Brazil and Mexico are attempting to chart a new course in Latin America. President Bolsonaro in Brazil has swiftly undertaken efforts that may pose corporate social responsibility risks for some industries operating in Brazil, particularly in relation to the rights of workers, the LGBTQ community, and indigenous territories. The report recommends companies take a more active due diligence role on business partners in Brazil, to fill gaps left by the government's removal of some regulatory requirements. Mexico's president is undertaking new initiatives to curtail corruption that has historically underwritten organized crime, cargo theft, and oil theft in the country. The ramifications of such initiatives may have sweeping consequences for business continuity and cargo security, but despite President Obrador's actions, security challenges will continue to affect businesses in the coming year, in particular in-transit cargo theft. The US-China trade dispute has raised new concerns related to intellectual property protections and the relocation of relevant facilities for a host of businesses. However, companies looking to other Southeast Asian countries should weigh the costs of tariffs against the cost of increased risks to their supply chains. Exposure to child labor, forced labor, and natural disasters are each prevalent in other Southeast Asian countries. The outcome of negotiations on Brexit remains unclear, creating ripples of uncertainty through supply chains operating within and through the United Kingdom and the European Union. India's ongoing elections in April and May could create a shift in politics with effects on global supply chains. Workers' dislike of many recent policies, with strikes over low wages and fuel prices, could cause immediate disruption and longer-term changes. Cyber Security Within this new global landscape, cyber security stands as an overarching and multifaceted struggle for all parties throughout the supply chain. Securing data and facilities in a fast-paced, connected world is a challenge that supply chain professionals will continue to grapple with in 2019. For More Information More information on the subject and a link to download a copy of BSI's Supply Chain Risk Insights Report are on the magazine website. Click on the supply chain security link under the Topics tab at LossPreventionMedia.com.

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