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Human trafficking and the link to fraud in firms' supply chains

A strategic approach that leverages procurement data, analytics and due diligence, and comprehensive regular audits are needed to detect fraud in supply chains.
Wednesday, December 30, 2015 - 05:50
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Numerous instances of forced and child labour, land disputes and poor working conditions in the supply chains of prominent global brands were exposed by the media in the past year.

FRAUD can happen anywhere within a company's supply chain and affect companies in any sector. The problem is exacerbated in developing markets, where the risk of fraud and corruption may be higher and the rule of law weaker. While regular audits of vendors is increasingly accepted as a best