The European Commission puts supply chains under the spotlight
26 October 2022
Supply chain risks are drawing attention across the globe. Recent geo-political and economic shocks such as Covid-19, Russia’s invasion of Ukraine, the U.S.-China trade war and connected inflation are driving this focus.
The European Commission (the Commission) has published two significant proposals in this area:
- a proposal for a regulation prohibiting products made with forced labour
- a proposal for a regulation establishing a Single Market emergency instrument (the SMEI).
These developments could impact businesses operating both within and outside of the EU. We discuss each proposal in turn below.