In July the UK fast fashion brand Boohoo made headlines for facing an investigation into modern slavery at a supplier factory in England. Boohoo shares lost nearly half of their value between 30 June and 15 July. This is an early example of markets responding to the impacts of the under payment of wages in the supply chain. What are the likely implications as investors extrapolate the impact to profitability of wage gaps across hundreds of factories in a company’s supply chain?
Come join ELEVATE’s Mark Jones, Kevin Franklin and Erin Lyon for a webinar, “The Supply Chain Cost Advantage – Or Hidden Subsidies to Businesses from Wage Underpayment?” We will explore the issue of hidden subsidies in supply chain, and what this means for profitability, investor due diligence and the implications for social responsibility programs.