CREATe’s CEO Craig Moss recently joined European Commission officials, representatives from the OECD, academia and the business community at a workshop in Brussels to discuss a European Commission (EC) initiative on due diligence in supply chains and the inclusion of intellectual property (IP) protection in responsible supply chain management.
The EC is proposing companies adopt a more holistic approach to responsible supply chain management. In part, the aim is to reduce counterfeit goods, which infringe upon corporate IP, impact jobs and innovation, and can result in sub-standard products that may pose health and safety risks. This is part of the ongoing drive to encourage companies to increase visibility into the practices of their supply chain participants.
The workshop focused on two aspects of integrating IP protection into the responsible supply chain:
- Improved corporate behavior – Inclusion of IP protection management systems in responsible supply chain management.
- Utilization of track and trace technology: using cost-effective technology to help track authenticity of parts and finished products.
How to implement the initiative was another topic at the workshop. The group explored a variety of options ranging from voluntary ‘best practices,’ to creating incentives for companies to integrate IP protection into existing supply chain due diligence which focuses on labor and environmental issues.
The 40 workshop participants also contributed to a draft questionnaire on monitoring strategic suppliers. The European Commission plans to conduct a survey in the fall to understand the current practices used by companies to monitor their strategic suppliers.
Learn more about the initiative and hear Craig Moss in this video:
Titled “Due Diligence in Supply Chains: How Can Responsible Supply Chain Management Improve The Respect for Intellectual Property?” the workshop was held by the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) and the Joint Research Centre (DG JRC) of the European Commission.