As demonstrated by Darragh O’Keefe there is a lack of awareness of the existence of modern-slavery not just in the community but also by sourcing businesses and procurement professionals. Further, as important as increased awareness is increased preparedness to address the issue. The Commonwealth’s Modern Slavery Bill and the NSW Modern Slavery Act that was passed in June have both helped raise the issue’s profile, but in a survey conducted by Deloitte with sustainability managers, one third were unaware of the Modern Slavery Act and many thought there was only ‘a possibility’ of modern slavery in their supply chains. Further, a survey conducted in May by the Chartered Institute of Procurement & Supply (CIPS) showed ‘one in five [organisations] did not know who in their organisation was ultimately responsible’ for the issue of modern slavery in their supply chains.
This said, despite a lack of awareness and preparedness, informed organisations are ‘tending to embrace the legislation’, says Mark Lamb, general manager of CIPS Australasia. Dr Black from Deloitte states that one of the key challenges for organisations will be ‘getting visibility on supply chains’. The article goes on to discuss the importance of technology to address this issue as well as the predicted transformation of current procurement manager’s processes.
Read the article here