Planning a Long-Term Response to the Bangladesh Factory Fire [Plus+]

Firms need to move away, even if only slightly, from their unrelenting focus on driving down costs. Addressing these issues also requires buyers to have a better understanding of their supply chains and suppliers. The first step towards doing anything positive for the workers is to have customers know and understand who is doing what for them in their supply chains. Without that knowledge, nothing can be achieved. But in many cases, the web of contractors, sub-contractors and sub-sub-contractors is complex and opaque. It’s no wonder many buyers give up and just hope for the best in terms of their supply chain risk strategies.

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