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ARTICLE · 15 NOVEMBER 2021

ESG And Supply Chain: Rethinking Contracts

Mayer Brown
Mayer Brown
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In the first article in this series, we provided an overview of ESGrelated risks and opportunities specifically in the context of complex global supply chains, including in relation to security and resilience...

United StatesGovernment, Public Sector

In the first article in this series, we provided an overview of ESGrelated risks and opportunities specifically in the context of complex global supply chains, including in relation to security and resilience, and potential exposures in different jurisdictions that may arise, such as litigation and regulatory risks; political and trade-related risks; and, of course, market and reputational risks. In the remainder of this series, we will consider specific risks and laws. In this article, however, we want to focus on the opportunity.

The global supply chain is undeniably a triumph of human imagination and ingenuity. Until the pandemic, it was "the invisible function" providing goods and services steadily faster, better and cheaper yet hardly creating a ripple. Goods and services have flowed smoothly for decades despite religious, cultural, linguistic and national differences. Billions of people have been lifted out of poverty, and vast wealth has been created.

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