Global Supply Chain Laws
Companies no longer manufacture their goods entirely within the borders of their own country, but instead distribute them to suppliers in various countries throughout the world via global supply chains. To cut costs, corporations are outsourcing sections of their production to developing countries. Outsourcing to suppliers is especially common in labor-intensive industries like the food industry.
In the business world, disruptions in an industry’s both domestic and international supply chain operations do take place and the companies seek for resolutions either through mediation or litigation.
Supply chain includes:
Procurement - the act of purchasing products or services, usually for business objectives
Manufacturing, Distribution and Logistics
Export and import regulatory compliance
Choosing the right third-party supplier/partner might make the difference between a valuable asset and a huge liability. The purpose of evaluating and selecting a supplier/partner is to ensure that they can meet not only pricing, quality, and delivery needs, but also regulatory and anti-bribery norms.
Global supply chain experts and analysts do not see these issues delays changing anytime soon.
The inability to timely deliver often has the effects down the entire supply chain, and it is critical for businesses facing these challenges to know both their rights and responsibilities.
The supply agreements often contain force majeure clauses describing which events will excuse performance under the agreement and which will not excuse performance when a supply chain breaks down. Such clauses often dictate the exact actions businesses must follow in case of occurrence of the events that hinder the performance under the agreement.
Effective government contracting necessitates a thorough understanding of state and federal regulatory standards and commitments. We help companies comply with their government contracts by designing flow down terms and conditions, policies, processes, checklists, and training programs in a practical manner.
We, at T & G Counsel, are committed to developing legal strategies as per the needs of your company to achieve supply chain resilience, and provide business-focused counsel to leading multinational companies that design and distribute their products worldwide.