New Zealand Next to Impose Modern Slavery Legislation After Sharp Rise in Forced Labor Risk
Following a sharp increase in forced labor risk, New Zealand is set to join the ranks of countries enacting stricter supply chain diligence regulations. The government’s recent announcement reveals plans for a new law designed to crack down on modern slavery, driven by reports of New Zealand consumers unknowingly purchasing products suspected of being produced with forced labor. As similar regulations emerge across the EU and US, responsible sourcing strategies face complexities. With no country immune to the risk of forced labor, New Zealand’s climb in ESG risk signifies the need for action.