Managing Chinese Labor Risks

The video discusses the Prevention Act targeting forced labor in China's Xinjiang region, empowering US Customs to block imports presumed to be made with forced labor. It explores global forced labor regulations, including the UK's Modern Slavery Act and similar laws in Australia and Germany. The video highlights the challenges companies face in ensuring supply chain transparency and compliance, emphasizing the role of data analytics and AI. It also covers enforcement strategies and provides expert advice on managing compliance risks.

Explain the significance of the EU's intentions to develop a forced labor regulatory system.

How can companies ensure compliance with the Uyghur Forced Labor Prevention Act?

What steps should companies take to assess their risk related to forced labor?

What best practices should companies follow when dealing with third-party suppliers to mitigate forced labor risks?