As the new year unfolds, it's vital for all participants in CBP's CTPAT programs to be aware of two significant changes related to forced labor prevention. Niklas Kirwel, President & CEO of Setlog Corp., highlights these updates that could impact your business.
Change No. 1 – Security Program: Effective January 2023, having a social compliance program is now a mandatory requirement for importers. This program must ensure that all goods imported into the U.S. are free from forced labor, including child and prison labor.
Change No. 2 – Trade Compliance Program: As of August 2022, members must comply with six new obligations, including risk-based supply chain mapping, a clear Code of Conduct, evidence of implementation, due diligence and training, a remediation plan, and sharing best practices.
Companies with existing social compliance frameworks may find the transition smooth, but others need to act promptly. These changes emphasize collaboration and proactive measures to combat forced labor. Dive into the full article to understand how these updates may affect your operations and what steps you need to take to stay compliant.