How Supply Chain Transparency Boosts Business Value

Increasing visibility into suppliers’ practices takes work but can lead to new market opportunities.

Tim Kraft and Yanchong Zheng

September 08, 2021

In November 2020, executives from Amazon, Ikea, Nike, and other high-profile companies were called before the U.K. Parliament to address claims that their suppliers might be using forced labor.¹ Members of the House of Commons’ Business, Energy and Industrial Strategy Committee were investigating the potential exploitation of Uyghur Muslims from the Xinjiang region of China.² They directly challenged company representatives on how their organizations maintain visibility into and combat modern slavery within their supply chains.

With businesses’ ...