‘Huge challenge but also an opportunity to fix it’: Infyos on battery industry’s supply chain ESG problems
- Admin
- Sep 24, 2024
- 1 min read
The article discusses the global and complex battery supply chain, focusing on risks of forced and child labor. It highlights companies facing exposure to labor abuses, implications on US and EU regulations, and the need for supply chain risk management. Infyos platform identifies risks and facilitates evidence of mitigating actions. The article emphasizes the significance of compliance with upcoming EU Batteries Regulation and the Uyghur Forced Labor Prevention Act (ULFPA). It elaborates on penalties for non-compliance, industry responses to mitigate risks, and readiness for regulatory supply chain rules.
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