In: Economics
Write a response of about 250 -500 words on the following question: "Supply Chains - Smart Phones," is it possible to be an ethical consumer in a globalized economy? Why or why not?
Supply chain management is the way in which a company gurantees that workers right and provisions are being met throughout the supply chain.
Many companies will say that they do not want workers right to be violated within their supply chain, however we know that workers right are often violated. The electronic industry is a very importance example of popular branch such as Apple & samsung will make firm comitments but in reality working conditions and practices donot change .
Currently in our guide mobile phones only fairphone recevies ethical consumers best rating for its supply chain management. This show that abuses in a supply chain come with a real financial cost. If NGOs or national press discover problems in a company supply chain, that company can take a real hit. Ethical supply chain protect comapnies from losing their reputation in this way, and all of the customer and profit that go with it.