In today’s global economy, supply chain security has become a primary concern for businesses and governments. Supply chain security encompasses the entire process from raw material procurement and product manufacturing to the final delivery to consumers. Its significance lies in ensuring the efficiency, transparency, and resilience of the supply chain against potential risks. Transparency, compliance, and technological investment form the core elements of supply chain security, with transparency and compliance being the most critical.
As globalization deepens, supply chains have become increasingly complex and dispersed, posing greater challenges for regulation and protection. Establishing a “clean” and “secure” supply chain has become a major goal for multinational enterprises in the globalized market. The growing interdependence of global supply chains means that issues in any region can impact the global market. Particularly with the overflow of China’s production capacity, preventing supply chain “contamination” and ensuring compliance, especially with the UFLPA law, is a crucial concern for every multinational enterprise and production and export business.