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A specific view on the German Supply Chain Due Diligence Act

A few days ago I stumbled over an interesting article on the subject of the German Supply Chain Due Diligence Act.

Number one it was in English and summarizing the main points of the Supply Chain Act, so giving a good overview and starting point to anybody not yet familiar with the law. This summary combined with the English translation of the law which can  be found on the official site of the Federal Office for Economic Affairs and Export Control (BAFA) is a solid basis for understanding the law and getting prepared to meet the requirements. Additionally I would also recommend the guidance on "Identifying, weighting and prioritizing risks" also to be found on the BAFA site.

Number two I also like the explanation on the importance of also including indirect suppliers in the overall risk analysis, in this case taking suppliers from the logistics area into account. Many companies focus only on theor direct suppliers and neglect the indirect ones, which can become costly if the BAFA classifies that as negligence when rating the mandatory reports in the future. 

#duediligence #Germany #supplychainact #BAFA #logistics 

Violations of the provisions of the LkSG are subject to various and quite substantial sanctions