The Uyghur Forced Labor Prevention Act (UFLPA) and similar laws developing globally are driving companies to significantly improve their ability to identify forced labor in the supply chain. TrusTrace, a global SaaS company operating a product traceability and compliance platform, announced a strategic partnership with Kharon, a provider of research and data analytics on global trade compliance, sanctions and other commercial threats. The alliance will help facilitate risk monitoring and evidence collection to demonstrate compliance with the UFLPA Act and similar laws worldwide.
Supplier risk identification
TrusTrace currently supports several of the world’s largest fashion brands in collecting data to comply with the UFLPA Act, and the partnership with Kharon will help strengthen risk identification and validation processes. TrusTrace customers will be able to leverage Kharon’s risk insights highlighting suppliers at higher risk for forced labor directly on the TrusTrace platform. Suppliers presented through TrusTrace will be continuously compared to the high-risk companies identified by Kharon; if there is a match, the supplier risk will be flagged. Risk flagging is an important first step in addressing forced labor risk in supply chains. By working with TrusTrace and Kharon, retail and fashion companies now have the opportunity to comply with the law and improve their investigations and due diligence. The TrusTrace platform continuously updates Kharon data as well as new supplier information associated with the user’s company.
The TrusTrace platform integrates seamlessly with retailer, manufacturer and supplier systems, as well as third-party systems such as certification bodies, lifecycle data and other sustainability solution providers. With more than 8,000 suppliers, 30,000 facilities, 250,000 products and over $18 billion worth of goods tracked on the platform, TrusTrace is a mission-critical platform for companies for whom sustainability is an essential part of their DNA.
