As recently as a couple of months ago (March 2021), the German Bundestag tabled a draft bill dubbed the Supply Chain Law. The crux of this proposed law is to see German companies exercise due care and diligence along the entire supply chain. What this means really is that, German companies will need to show compliance by being aware of the processes their suppliers go through even in their countries of origin.
For some, this spells a humongous challenge to surmount. There are arguments to be made but irrespective of which side you fall on, we can all agree that it is for the common good for companies to be accountable for those that depend on them for their livelihoods.
As an international trader supplying to Germany, things may be about to change. This new law could mean the opening up of your processes to scrutiny from your German buyers. It could also mean that you may have to invest in your people and or technology to maintain the relationships you have cultivated over the years.
One thing worth noting and watching out for is, should this law see the light of day in Germany, it is only a matter of time that it is adopted in the wider European union.
Big question on your mind then should be, what do you do?
Well, first off, speak with us. We have been working on a solution which solves this problem since 2018 and we even won an award in Germany and went on to present our solution to Julia Kloeckner, the German Minister of Agriculture during the Guene Woche! Little did we know how relevant our technology would be in the near future. You could even call us clairvoyants but we are not ones to brag ;).
With very little upfront investment, we can set you on your way to be compliant with this new law. We ensure that your German buyers are comfortable with your processes and can verify the steps you have taken in your factories, farms or warehouses.
For German buyers, sourcing managers and procurement specialists, this is the time to get your ducks in a row. Even if this law does not come to pass, from a corporate social responsibility perspective, it makes sense to have an extended eye on your suppliers to ensure that you are not being responsible for the demise of many around the world without even knowing.
For initial consultations and demos, contact us on hello@optimiz.claims.
