ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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U.S. Human Trafficking Eradication Act
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Import-Export Trade Act
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California Transparency in Supply Chain Act
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Equity in Trade Act
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Detailed explanation-1: -Requirements of the California Transparency in Supply Chains Act. The California Transparency in Supply Chains Act forces companies to publicly disclose their efforts to eradicate modern slavery within their supply chain.
Detailed explanation-2: -The law requires companies subject to the law to disclose information regarding their efforts to eradicate human trafficking and slavery within their supply chains on their website or, if a company does not have a website, through written disclosures.
Detailed explanation-3: -Section 54 of the Modern Slavery Act 2015 requires a commercial organisation to prepare a slavery and human trafficking statement for each financial year of the organisation if its total turnover is not less than an amount prescribed by the Secretary of State.
Detailed explanation-4: -Under the California Act, companies with annual gross receipts exceeding $100m doing business in the state of California are obliged to disclose their efforts to eradicate slavery and human trafficking from their direct product supply chains for the goods that they offer for sale.