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With regulations such as sustainability reporting, the deforestation directive or the supply chain law, ‘even with good intentions, we have taken a completely wrong turn’, he said, emphasizing that competitiveness is under pressure in Germany and red tape should be cut.
Global supply-chain governance (SCG) is a term that originated around the mid-2000. [1] It is a governing system of rules, structures and institutions that guide, control, and lead supply chains, through policies and regulations, with the goal of creating greater efficiency. [1]
Global supply-chain management can be impacted by several factors who impose policies that regulate certain aspects of supply chains. Governmental and non-governmental organizations play a key role in the field as they create and enforce laws or regulations which companies must abide by. [ 3 ]
an "extended" supply chain includes suppliers of the immediate supplier and customers of the immediate customer; an "ultimate" supply chain includes all of the organizations involved in the supply of the product or service. In each case, the flow of information and finances is part of the chain as well as the product or service. [10]
A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
International trade law focuses on applying domestic rules to international trade rules and applying treaty-based international trade law governing trade. [ 6 ] The body of rules for transnational trade in the 21st century was derived from medieval commercial laws called the lex mercatoria and lex maritima —respectively, "the law for ...