Mapping your supply chain is one of the widely recognised ‘first steps’ to managing modern slavery risk. However, before you start mapping it’s important to identify where the risk lies. Prioritising potential supplier risk using the right spend data and risk factors lets you focus time and resources on where the actual risk is.

We’ve had a busy few months working with leading organisations across Australia to identify operational gaps and risks, develop action plans, deliver modern slavery and human rights engagement and awareness raising workshops, identify supply chain risks and prioritise procurement spend categories and suppliers. In this post we share a few initial insights from our work.

My previous blog discussed the gaps many Australian businesses face for effectively identifying and addressing modern slavery risks. This post focuses on the five key actions that businesses can take to better manage these gaps, reduce the risks and impacts of modern slavery in their operations and supply chain and prepare for legislative reporting requirements.

Presenting with a panel of experts at a recent Modern Slavery Forum hosted by the Catholic Archdiocese in Sydney, I was asked how prepared Australian businesses are to manage modern slavery risks. We also dived a little deeper into understanding some of the gaps Australian businesses face in meeting their modern slavery reporting requirements.