What are the upcoming regulations in supply chain management?
Upcoming regulations focus on sustainability, transparency, and ethical sourcing, aiming to enhance accountability.
How will these regulations affect small businesses?
Small businesses may face challenges in compliance costs but can benefit from improved market access and consumer trust.
What steps can companies take to prepare for these changes?
Companies should conduct risk assessments, invest in technology for tracking, and engage in training for compliance.
Are there any specific industries that will be more impacted?
Industries like manufacturing, food and beverage, and pharmaceuticals are likely to see significant impacts due to stricter regulations.
What resources are available for businesses to stay informed?
Businesses can follow industry associations, subscribe to regulatory updates, and participate in workshops and webinars.
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