The shipping industry’s long voyage toward supply chain transparency
A combination of tightening regulation and the trend towards ESG reporting are creating market pressure for supply chain due diligence and transparency across many sectors. The maritime industry is no different.
From ports and shipyards to suppliers, shipowners and operators, organisations are increasingly seeking to understand how their partners perform in terms of labour standards, human rights and environmental protection.
Vessel owners and operators in Norway and the European Union were some of the first to come under pressure from clients and investors to comply with ethical sourcing programmes and to report on labour practices and human rights in their supply chain. Now, interest is growing in the Middle East and Asia, especially where carriers are operating assets and moving cargo for western clients.