False Security and Risk to Market Value: Why transparency focused programs are needed now more than ever

In this complimentary webinar on 28 February, our ELEVATE CEO Ian Spaulding and SVP Mark Jones advise global brands and retailers how a lack of transparency in their supply chain can negatively impact their market value and critical relationships with investors and shareholders.

The mutual recognition mechanism has allowed brands to recognize supplier audits completed on behalf of other companies, resulting in a number of benefits including reductions in audit duplication and costs. There has been hope that carrying out BSCI and SMETA audits, for example, will help retailers save money, the factories save money, a reduction in consumer prices, and that resources can be reallocated to making more improvements in factories.

In fact, the mutual recognition protocols are not always robust in the area of transparency. They may give retailers a kind of false security. At the same time, shareholders and investors are delving ever deeper in supply chains to collect data. They are concluding that a key measure of a retailer or brand’s understanding of risk is whether they have transparency in their supply chain.

From our due diligence work for private investors and our own propriety supply chain data, ELEVATE has special insights to transparency. With our on-the-ground factory experience across geographies, we are able to discern if a factory or vendor is operating with transparency, based in part on a factory’s willingness to falsify their records relating to wages and working hours.

If there is no transparency, then a brand or retailer will not have insight into possible wage gaps. If you do not know the wage gap, then you do not know your risk is to soft profits.

At ELEVATE, we encourage all of our customers to carefully evaluate this strategic issue. If investors perceive profits to be soft, they may sell or not buy, leading to a drop in value of brands’ share prices and an increase in the cost of capital.

We still advocate mutual recognition, but there are ways to safeguard your demand for transparency such as factory segmentation.

Join this webinar on 28 February with presenters Ian Spaulding and Mark Jones.

Webinar Speakers

Ian Spaulding

Chief Executive Officer, ELEVATE

Mark Jones

Senior Vice President, ELEVATE

  • Webinar Info

  • False Security and Risk to Market Value: Why transparency focused programs are needed now more than ever

     

    Cost: Free


    When: 28 February 2018
    2:00 p.m. Eastern US Time
    5:00 p.m. China Time

Date/Time

Title

Presenters

Registration

13 February 2018
2:00 p.m. Eastern US Time
5:00 p.m. China Time
North Korean Labor in Your Supply Chain:
What to Know and New Detection Methodologies
Ian Spaulding, ELEVATE
Kenneth J F Kennedy, Forced Labor Programs
and Andrew Savini, ELEVATE
 Downloads available
28 February 2018
2:00 p.m. Eastern US Time
5:00 p.m. China Time
False Security and Risk to Market Value:
Why transparency focused programs are needed now more than ever
Ian Spaulding
and Mark Jones, ELEVATE
Register here
28 March 2018
2:00 p.m. Eastern US Time
5:00 p.m. China Time
The Evolution of Audit:
From transactional governance to 360º view of factory health
Davis Guan and
Beth Holzman, ELEVATE
Register here
25 April 2018
2:00 p.m. Eastern US Time
5:00 p.m. China Time
Straight to the Source:
Bottom up models for improving performance in global supply chains
Ian Spaulding, ELEVATE,
Catherine Chiu, Crystal International Group
and Mark Jones, ELEVATE
Register here
30 May 2018
2:00 p.m. Eastern US Time
5:00 p.m. China Time
Supplier Ownership:
The link between sentiment and performance
Jennifer Caruso
and Arno Gasteiger, ELEVATE
Register here
29 August 2018
2:00 p.m. Eastern US Time
5:00 p.m. China Time
Learnings from Integrated Assessment + Worker Voice
Heather Franzese and
Dingding Xiaozi, ELEVATE
Register here