Responsible Sourcing for Business Success

SourceAsia

Business Risk - Sources and Issues

Who am I buying from?

 

Producers

 

People

 

Who made it?

 

Products

 

What am I buying?

 

Processes

 

How was it made?

 

Partners

 

Who do I work with?

 

For each of 5 key sources of risk you should ask questions about the key issues.

· Child labour

· Forced labour, inhumane treatment

· Health and safety conditions

· Wages and working hours

· Freedom of association and speech

· Discrimination and coercion

 

· Legally licensed

· Quality controlled

· Technologically robust

· Environmentally efficient

· Legal status

· Financial integrity

· Reputation

· Business ethics

· Safety and environmental compliance

· Intellectual property rights

· Legal sourcing of components

· Other business interests

· Reputation

· Business ethics and transparency

· Risk Management of relationship