In June 2021, BCG and CMS published a White Paper entitled “Managing Supply Chain Risk – A legal and strategic perspective”. In view of the rising number of laws obligating companies to prevent and mitigate risks relating to human rights and the environment in their supply chains, the White Paper provided an overview of selected laws, and offered practical guidance on how to manage such risks. One notable example of national supply chain regulation is the German Supply Chain Due Diligence Act (“German Supply Chain Act”), which was adopted in June 2021 and will come into force on 1 January 2023.
The below paper, published in September 2022, is the follow up paper on this topic – we are sharing our practical experience from working with multiple clients across different industries and address what legal and strategic challenges the clients face when managing supply chain compliance. The principal challenges are detailed in the paper, together with the lessons on best practice that we have picked up along the way.
