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Global supply chain solution aims to mitigate vendor risk: Dun & Bradstreet

SHORT HILLS, N.J.–Dun & Bradstreet has released its Human Trafficking Risk (HTR) index, a solution designed to help companies better manage their global supply chains by providing a clear view into a company’s family tree and corporate linkages, helping to gain transparency into the multiple layers of vendors used throughout the procurement process.  

“Companies want to be responsible corporate citizens, but we hear time and again that they are underprepared and overwhelmed to meet supply chain due diligence requirements,” said Greg Iaquinto, Leader in Global Supply & Risk Solutions, Dun & Bradstreet. “The rising importance of responsible business practices has added to the challenges faced by procurement and supply chain professionals who are eager for a multi-perspective view into their supply chains but don’t know where to begin. We are pleased to use our data and analytics to help our customers manage their crucial business relationships by gaining greater insights and more transparency into the many layers of vendors and suppliers they do business with directly or indirectly.”

Companies may unknowingly be using forced labour in their procurement of commodities since, to date, a view into the full chain of vendors and suppliers has been difficult to attain. Dun & Bradstreet’s HTR index uses proprietary data from its global database of 250 million business records, along with public data, to analyze conditions surrounding areas where goods are produced and assign a score to that region and commodity, the company said. Dun & Bradstreet creates an index of those scores to assess a company’s risk of being associated with goods and services potentially tied to human trafficking.  

The International Labour Organization estimates there are over 19 million victims of exploitive forced labour worldwide. The most common form of human trafficking is forced labour in domestic work, agriculture, construction, and manufacturing, the release said.

Recent domestic and global regulations – including the US Federal Acquisition Regulations guidelines around Human Trafficking (2015); Modern Slavery Act (United Kingdom, 2015); and Trade Facilitation and Trade Enforcement Act of 2015 (2016) – have instilled mandatory audits and reporting of supply chains including fines and in some instances, barring of goods from entering certain countries, in a global attempt to eradicate human trafficking.

The HTR index is the first solution to market within Dun & Bradstreet’s emergent Responsible Business Analytics suite, a D&B Supply offering, designed to help global business customers comply with increasing regulations and meet corporate social initiatives, said the release.

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