Amid clampdown, no hiding place for forced labour cotton
Expect disruption
As of yesterday, US retailer Target is penalising suppliers for delivery mistakes. Target has had several supply chain problems and its latest initiative imposes harsh financial penalties – of up to of up to $10,000 for inaccuracies in product information or delays. There will be no ‘grace period’. While this new plan was announced a few weeks ago, this article questions whether bullying suppliers is really the right answer to ensuring a better supply chain. As some suppliers say they will simply put up prices, the writer notes that while the ‘stick’ approach works well in the short term, in the longer-term collaboration is more effective.
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