What are the key regulations in supply chain management?
An example of an AI chatbot conversation about key regulations in supply chain management.
What are the key regulations in supply chain management?
Key regulations in supply chain management include the Sarbanes-Oxley Act, the Foreign Corrupt Practices Act, and various trade compliance laws.
How do these regulations impact global trade?
These regulations ensure transparency and ethical practices, which can affect tariffs, trade agreements, and overall compliance costs.
Can you give examples of compliance challenges companies face?
Sure! Companies often struggle with documentation accuracy, understanding local laws, and managing supplier compliance.
What are the penalties for non-compliance?
Penalties can range from fines and sanctions to loss of business licenses and reputational damage.
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