The days when brands and retailers could turn a blind eye to where their products come from are over. Amid heightened awareness of social and environmental abuses throughout the supply chain, governments around the world are moving quickly to hold businesses accountable for the actions of their suppliers. New supply chain due diligence laws are…
Eric Linxwiler
Private label’s market share keeps growing. Sales of private-label products climbed in 2022, averaging 11.3 percent growth, nearly twice what national brands saw, according to a report from the Private Label Manufacturers Association. Global inflation helped fuel that growth, spurring consumers to turn to store brand alternatives to save money. However, 73 percent of consumers say…
The current pressures on the supply chain are enormous. Three years after the global pandemic created a tsunami of backups and disruptions that are still reverberating through the supply chain today, brands and retailers are navigating a seemingly endless cavalcade of new threats ranging from inflationary pressures to trade wars to the Russian invasion of…
Germany’s new supply chain law is likely to be a precursor to even stronger regulations to come. In January, the country implemented one of the world’s most extensive supply chain laws, the German Supply Chain Due Diligence Act (LkSG), which requires large companies to monitor their supply chain for both human rights and environmental abuses.…
