Wednesday Nov 01, 2023
[Forced Labor Series] Scalable Forced Labor Compliance: Eliminate Forced Labor Risk from Day One with Todd Smith
This episode discusses strategies importers can use to prevent forced labor and comply with regulations like the Uyghur Forced Labor Prevention Act (UFLPA). Todd Smith of KYG Trade shares how technology can help map supply chains, vet suppliers, and quickly provide documentation to rebut forced labor claims.
Key Topics:
- Understanding "rebuttable presumption" and the 30 day deadline to prove no forced labor
- Why manual audits can't keep up - the need for supply chain mapping and data integration
- Red flags like suppliers in Xinjiang and how components may originate from high-risk areas
- Using testing, imagery, and other tools to verify raw material sources and eliminate risk
- Best practices like vetting new suppliers before issuing POs and verifying claims after
- How KYG Trade's platform streamlines data collection and shares attestations with authorities
Takeaways:
Importers must proactively map supply chains, vet suppliers, and integrate data to quickly respond to forced labor allegations. New suppliers and products require extra diligence. Technology makes compliance scalable for all size companies. Planning ahead eliminates risk of seized shipments and business disruptions.
Enjoy the show!!
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
-
Global Training Center - www.GlobalTrainingCenter.com
-
Simply Trade Podcast - twitter.com/SimplyTradePod
-
Todd Smith - https://www.linkedin.com/in/toddrsmith/
- KYG Trade - www.kygtrade.com
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
-
Advertising and sponsoring on Simply Trade
-
Requests to be on the show as guest
-
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
Comments (0)
To leave or reply to comments, please download free Podbean or
No Comments
To leave or reply to comments,
please download free Podbean App.