German companies fret about a new supply-chain law
Monitoring human-rights and environmental standards across their suppliers could have perverse consequences
Peter Bokelmann has had a busy few months. The chief counsel at Trumpf, a maker of machine tools, oversees the firm’s efforts to comply with the new law on the due diligence of supply chains that came into force on January 1st. Mr Bokelmann has been at it since the law was passed in mid-2021. “The enormous effort needed is underestimated,” he sighs.
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This article appeared in the Business section of the print edition under the headline “The costs of transparency”
Business January 14th 2023
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- German companies fret about a new supply-chain law
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