A recording of the event is now available online.
Everything You Need To Know About Supply Chain Litigation Based on California Transparency in Supply Chain Act Disclosure and Other Supply Chain Public Disclosure Statements
August 2015 was a wake-up call to supply chain managers and compliance officers of companies doing business in California and throughout the US.
On August 19, 2015, the first class action of its kind was filed against Costco Wholesale Corporation and several of its suppliers in Monica Sud v. Costco Wholesale Corporation, et al., in the Northern District of California. The complaint alleges that Costco’s supply chain practices were not in compliance with its California Transparency in Supply Chains Act (CTSCA) disclosure statement with respect to Costco’s supply chain for shrimp, which the plaintiff alleged was farmed using slave labor. Just days later, a similar class action was filed against Nestle USA Inc. in the same court, alleging slavery in Nestle’s pet food supply chain.
This is likely the start of a trend. How can companies avoid being targeted in similar litigation? What companies are most vulnerable? What is the best way to defend against these cases?
Industries most impacted by CTSCA litigation:
- Food and beverage
- Household appliances and other consumer goods
- Heavy industrial
- Pharmaceuticals and medical devices
- Supply Chain Transparency and Ethical Sourcing Regulations
- Emerging Issues in Supply Chain Disclosure
- Litigation Exposure
- Steps to Consider for Supply Chain Compliance Programs
- Supply chain compliance counsel
- General counsel
- Executive supply chain management team members