New approaches to securing the eu economy - implications of the european supply chain act for business

In order to establish and entrench the respect for human rights and the environment within all global value chains, including those operating at the European level, the European Commission unveiled a draft of the EU supply chain act as a component of its sustainable economy initiatives in 2022. Specifically, the EU Supply Chain Act imposes a more stringent requirement to monitor complete value chains, hence signifying a notable increase in stringency compared to the German Supply Chain Act.