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Daily Newsletter

15 August 2023

Daily Newsletter

15 August 2023

Real-time due diligence map to aid fashion sector’s regulation compliance

A new responsible sourcing regulation map created by global assurance company LRQA aims to provide interactive updates on active and upcoming legislation connected to due diligence within the fashion industry.

Rachel Lawler August 14 2023

The new interactive map aims to help businesses keep track of relevant due diligence legislation across 18 countries.

All the regulations listed on the map are specifically related to supply chain due diligence in each region.

LRQA claims that countries with weaker supply chain due diligence legislation, such as China, India, Brazil, Mexico and US have a higher risk of supply chain violations than those with stricter regulations.

The organisation explains the trend for increased legislation around due diligence in the supply chain will continue to grow with 22 of the 30 current or proposed regulations listed on the map either enacted or proposed within the last two years.

This includes the EU Corporate Sustainability Due Diligence Directive, due to come into effect in 2027, and Canada's Fighting Against Forced Labour and Child Labour in Supply Chains Act, due to come into effect in 2024.

Each listing in the interactive map includes a short summary of the legislation, what it applies to and any possible penalties for organisations if its requirements are not met.

Details of when the ruling came into effect, or when it is due to, are also listed, as well as links to further information on each piece of legislation.

LRQA explains its interactive map aims to helps organisations to source ethical and responsible suppliers while safeguarding against risk in today's evolving regulatory landscape.

“Navigating global supply chain compliance is an increasingly complex endeavour but is becoming all the more urgent as a result of powerful new legislation, particularly in the EU and US,” explains Kevin Franklin, LRQA’s advisory managing director.

He adds: “Our responsible sourcing regulation map offers a clear view into the intricate web of supply chain due diligence regulations. It will serve as a vital tool for business leaders and senior management, enabling them to make informed operational decisions while remaining fully aware and compliant with diverse, fast-changing regulations across nations.”

Generative AI well positioned to have a lasting impact on the retail and apparel industries

Generative AI can enhance engagement through customer service interfaces, protect retailers against fraud and cyberattacks, and improve purchasing journeys through personalized product recommendations and inspiration based on shopping and browsing patterns. When adopting generative AI, retailers must also ensure that consumers are provided with accurate and up to date information to ensure better purchasing decisions. The challenges faced by generative AI in retail and apparel theme are bias, hallucinations, privacy, misinformation, and copyright. Enterprises are concerned about data leakage as well.

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