In March 2015, the United Kingdom passed the Modern Slavery Act (“U.K. Act”), the first of its kind in Europe.
Asian businesses that are suppliers or contract manufacturers of raw materials, components and finished products that result in goods or services sold in the United Kingdom can expect greater scrutiny of their labor practices, as well as increased requirements and demand for certifications of compliance, from their global customers. Asian businesses that are able to provide assurances of compliance are likely to benefit from greater market share, while those who do not may find themselves deselected by their customers.
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