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#3: 103 Deaths! Modern Slavery & the Global Supply Chains – A Complex System of Bribery & Corruption
[Details]
Today, there are over 40 million of modern slaves worldwide, of which 30 million are in the APAC region. Each year, 9.2 million new slaves enter modern slavery, resulting in 25,200 new slaves per day or one new slave every 4 seconds! Unfortunately, 64 percent of modern slavery is associated with supply chains, with an annual revenue of USD 150 billion generated. In several recent media stories, it was reported that 103 people died in botched smuggling efforts – 39 Vietnamese died in a container bound for the UK and 64 in Mozambique.
[Highlights]
- 0:03:25 – Implications of COVID-19 on modern slavery. The World Bank estimates half of a billion people will enter into poverty, increasing their chances of being vulnerable to modern slavery circumstances.
- 0:07:53 – Vulnerabilities and process of modern slavery. Most organisations are lacking supply chain visibility and are unable to identify these risks within different parts of the supply chain.
- 0:11:44 – Case study analysis and how debt is created for these workers. People are smuggled and trafficked within supply chains on a day-to-day basis but this crime is often unreported.
- 0:15:35 – Types of intervention and risk management strategies available. Friedman offers an understanding of modern slavery risks, and how reviewing company policies and conducting regular spot-checks can help to mitigate these risks.
- 0:23:26 – What can companies do to address these issues? Blockchain and artificial intelligence technologies are tools available to increase supply chain visibility and reduce oversight.
- 0:29:03 – How adopting security standards are essential measures to put in place? TAPA standards outline control measures and monitoring of containers and trucks that can help to reduce exploitation.
- 0:33:45 – Are private sectors addressing the slavery issue enough? Only 0.2% of modern slaves are helped by the world each year. Organisations should start to contribute and address modern slavery risks that go beyond business risks.
[More Information]
Please visit: https://www.tapa-apac.org/podcast3-103-deaths-modern-slavery-the-global-supply-chains-a-complex-system-of-bribery-corruption/
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By TAPA Asia Pacific[Details]
Today, there are over 40 million of modern slaves worldwide, of which 30 million are in the APAC region. Each year, 9.2 million new slaves enter modern slavery, resulting in 25,200 new slaves per day or one new slave every 4 seconds! Unfortunately, 64 percent of modern slavery is associated with supply chains, with an annual revenue of USD 150 billion generated. In several recent media stories, it was reported that 103 people died in botched smuggling efforts – 39 Vietnamese died in a container bound for the UK and 64 in Mozambique.
[Highlights]
- 0:03:25 – Implications of COVID-19 on modern slavery. The World Bank estimates half of a billion people will enter into poverty, increasing their chances of being vulnerable to modern slavery circumstances.
- 0:07:53 – Vulnerabilities and process of modern slavery. Most organisations are lacking supply chain visibility and are unable to identify these risks within different parts of the supply chain.
- 0:11:44 – Case study analysis and how debt is created for these workers. People are smuggled and trafficked within supply chains on a day-to-day basis but this crime is often unreported.
- 0:15:35 – Types of intervention and risk management strategies available. Friedman offers an understanding of modern slavery risks, and how reviewing company policies and conducting regular spot-checks can help to mitigate these risks.
- 0:23:26 – What can companies do to address these issues? Blockchain and artificial intelligence technologies are tools available to increase supply chain visibility and reduce oversight.
- 0:29:03 – How adopting security standards are essential measures to put in place? TAPA standards outline control measures and monitoring of containers and trucks that can help to reduce exploitation.
- 0:33:45 – Are private sectors addressing the slavery issue enough? Only 0.2% of modern slaves are helped by the world each year. Organisations should start to contribute and address modern slavery risks that go beyond business risks.
[More Information]
Please visit: https://www.tapa-apac.org/podcast3-103-deaths-modern-slavery-the-global-supply-chains-a-complex-system-of-bribery-corruption/