With the Winter Olympic Games set to get underway in Beijing, U.S. companies face heightened scrutiny of their global supply chains as the Biden administration implements a law aimed at blocking imports of Chinese goods made with forced labor.
The Department of Homeland Security is seeking recommendations for best practices on providing transparency and accountability in supply networks of companies that rely on China for raw materials, partly finished goods and finished products. It’s a thorny issue with activist shareholders focused on environment, social and governance issues, as well as lawmakers and consumers.
DHS will use the feedback in implementing the law signed in December and going into effect on June 21. The bipartisan legislation followed growing evidence that the Uyghur people and other ethnic minorities in China’s Xinjiang region have been coerced into work at factories, farms and mines for various industries including suppliers for apparel companies, food brands, solar panel makers, electric vehicle manufacturers and tech companies.
