Simply Trade [News] Protecting Industries vs. Protecting Rights: The Complex Balance of Trade Policies and Ethical Supply Chain Oversight

When protectionism backfires and forced labor is discovered - learn how import rules and supplier oversight impact international trade.

Annik, Andy and Lalo discuss recent trade news including Indonesia's import backlog caused by new protectionist policies and BMW Mini Coopers potentially using forced labor in Chinese manufacturing.

Main Topics:
- Indonesia's import restrictions aimed at protecting local industries are backfiring, causing a 29,000 container cargo pileup at ports.
- China imposes bans on some US companies like Boeing in retaliation for forced labor enforcement.
- Holistically evaluating suppliers is key - BMW discovers a known violator of forced labor laws in its Mini Cooper supply chain.

Key Insights:
- Protectionism can have unintended consequences like damaging domestic exports if raw materials can't get in.
- Forced labor is difficult for all companies to detect, even large multinationals, requiring diligent tiered supplier oversight

Learn how government policies and global supply chain management impact trade compliance and operations. Understanding these complex issues helps importers and exporters mitigate risks and disruptions to their international business.

Enjoy the show!

Find us on YouTube: https://www.youtube.com/@SimplyTradePod 

Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ 
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/

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