Webinar – The Supply Chain Cost Advantage – Or Hidden Subsidies to Businesses from Wage Underpayment?
In July the UK fast fashion brand Boohoo made headlines for facing an investigation into modern slavery at a supplier factory in England. The supplier is alleged to have been paying workers less than minimum wage1. Citing the company’s inadequate response to reports of poor working conditions in its supply chain, Aberdeen Standard Investments sold the majority of its stake in Boohoo. This is an early example of an investor openly taking action when realizing that a wage gap exists in a single factory. What are the likely implications as investors extrapolate the impact to buyer profitability of wage gaps across hundreds of factories in a company’s supply chain?
Come join ELEVATE’s Mark Jones, Kevin Franklin and Erin Lyon for a webinar on September 10 as they explore the issue of hidden subsidies in supply chain, and what this means for profitability, investor due diligence and the implications for social responsibility programs. During the webinar we will discuss the following questions:
- How are supply chain workers subsidizing brand profitability?
- How might this change investor analysis?
- How might this change Annual CSR and Sustainability Disclosure?
- What does this mean for social compliance transparency?
- What are the implications for audit shared programs?
- Americas / Europe: 10:00 am EDT / 3:00 pm BST
- Asia: 11:00 am HKT