October 18th is Anti-Modern Slavery Day. This annual reminder gives businesses the opportunity to reflect on how their supply chains may be impacted by modern slavery and what steps they can take to eliminate it.
Transparency in the supply chain is a hot, cross-industry topic that especially affects the automobile industry. In this context, the transition to e-mobility poses technological and infrastructural challenges to the Volkswagen Group: in order to ensure sustainable mobility, the responsible procurement of raw materials, especially of cobalt, lithium, nickel, lead and rare earths, has the highest priority.
While multi-tier supply chain transparency is challenging to achieve, it can reap serious benefits for businesses that invest the time and resources. Taking progressive steps to achieve visibility at multiple tiers can benefit businesses in five ways.