Although companies, in general, are eager to do well to facilitate prosperity among their work-force, enterprises are not always persuaded that Corporate Responsibility is financially sustainable. Where to start?
Supply Chain is the starting point.
What if we look now at a different perspective of the Supply Chain? Learn how:
Look through the eyes of the direct actors within the Supply Chain who works it every day and who add value to it.
By using Blockchain to identify both bad and good actors who can alert management at the right time.
Provide monetary incentives for all personnel doing the right thing in your SC.
Avoid abuses of all kind, as wages, the age of workers, labour work- hours.
Negotiate lower interests on loans granted to your workers.
Pay the suppliers the right price for their products.
How do you add value to it?
It is entirely known that "human trafficking” is present in almost all supply chains at the underdeveloped countries. “Fair trade” certification and routine checkups at any stage of the supply chains are not the adequate procedure to verify foul play.
Although many companies assure their products come from “fair trade” locations, they complain that checkups of fields (e.g. coffee fields) are conducted sporadically, giving time to the local government to know in advance inspections are coming. Consequently, they are accomplices in hiding the children, or the olds who work in their fields, to pretend everything is working correctly, and accordingly to your company’s stipulations.
Consequently, workers are profoundly affected by these inhumane or unethical practices that company’s inspector or governments have about their field, facts that keeps them terrified of losing business and competitiveness, so, they turn out being part of the plot to keep the big company's contract work.
Blockchain comes to the rescue. But how?
Blockchain in the Supply Chain can help a company be more socially responsible, as it has been proven to increase transparency and enforce contracts within the Supply Chain, and thus, help a corporation be more accountable to these unfair practices.
Final comments: bad actors within the Supply Chain are compromising the whole relationship among corporations, suppliers and employees, so good worker are suffering from the malpractice of others. If we can verify with electronic records like Blockchain, these efficient workers willing to keep their jobs can be eligible to get financing at a lower per cent and incentive them to work fair or initiate their own business when counting on capital to invest.
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