СОЦІАЛЬНІ ТА ЕТИЧНІ АСПЕКТИ ГЛОБАЛЬНИХ ЛАНЦЮГІВ ПОСТАЧАННЯ: РИЗИКИ І МОЖЛИВОСТІ

Abstract

The globalized nature of supply chains has brought to the forefront various social and ethical implications, demanding heightened attention from researchers, businesses, and policymakers. The article delves into the critical realm of social and ethical considerations in supply chain management, shedding light on the risks, challenges, and opportunities associated with adopting sustainable practices. The article provides the overview of global supply chains’ impact on diverse stakeholders. It explores the multifaceted nature of sustainability and social responsibility in supply chains, encompassing aspects such as labour practices, human rights, environmental responsibility, and transparency. Drawing upon recent case studies and real-world examples, the research studies the risks and challenges that arise from ethical lapses within supply chains. It examines the financial repercussions faced by companies due to reputational damage, consumer backlash, and legal penalties when labour violations, environmental harm, or other unethical practices come to light. In addition to the risks, the article explores the underlying problems and obstacles in implementing socially and ethically responsible supply chain practices. It discusses the complexities of monitoring and auditing supply chains, particularly in regions with weaker regulatory frameworks, and the potential for exploitative practices to thrive unnoticed. The text discusses the increasing demand for socially and ethically responsible prac- tices in global supply chains, driven by consumers, activists, and investors. The article emphasizes the importance of transpar- ency in supply chains to identify potential ethical issues and implement sustainable practices. By exploring the risks, challenges, and opportunities associated with ethical and socially responsible practices, this article aims to contribute to the growing body of research advocating for a more sustainable and equitable approach to supply chain management in the modern era. Overall, the research advocates for ongoing efforts to address ethical and social issues in supply chains to preserve brand value, consumer trust, and financial stability.