This week, I will be taking part in a panel discussion at the FT’s Combating Illicit Trade event in London. The panel, entitled Best Practices in Building and Monitoring Responsible Supply Chains, will also include senior experts and officials in the field of crime prevention.
During the discussion we will focus on the complexity of supply chains, their global reach and the fragmented regulatory control landscape across jurisdictions, which can contribute to creating entry points for criminal networks.
Notably, we will also be touching upon the online ecosystem, which has opened up a whole new world for criminal activities. I have previously posted about this serious issue and what we as a company are doing to combat it, particularly in building partnerships with other manufacturers and online hosts.
With so many parties involved in supply chains, particularly when products venture online, the big questions are: who is ultimately in control? And importantly, where should the buck stop?
Accountability will be top of a lot of the discussions during the whole conference. As a company, we take the responsibility of maintaining the legitimate supply of our products very seriously, and have measures in place to safeguard the integrity of our products. We also partner with law enforcement agencies and those responsible for transporting and retailing our goods to prevent them from being compromised.
We have made great strides in protecting the consumer and society from the harms of illicit trade, but the scale of the problem remains. We need to ensure every part of the supply chain wakes up, takes responsibility and acts to eliminate crime. And we need to talk about how to involve more effectively a key actor in this fight: the consumer.
Let’s start a serious debate about how we can inform, incentivize and mobilize the consumer to be part of the solution. With the help from consumers we will all have a better chance to fully eliminate the problem.
I look forward to discussing these themes with experts during the conference and reporting on the event in the coming week.
Written by Alvise Giustiniani