Supply chain Assessments & Solutions - INDUSTRY TREND AND OBSERVATION
In recent years, more and more government agencies, international organizations, non-government organizations and multinational corporations start to concern about Corporate Social Responsibility. Hence, the enterprises are supposed to periodically follow up latest information on top of the legislation, such as current season’s updates: EICC renamed Responsible Business Alliance（RBA）; ILO released report of 2017 Global Youth Employment Trends and etc.
1.Report: More than 40 million people are enslaved and more than 15 million people are in forced marriages in the world.
International Labour Organization, Human Rights Organization "Walk Free Foundation and the International Organization for Migration (IOM) jointly released the research report named “2017 Global Estimates of Modern Slavery”. The data showed that there were about 40.3 million slaves in the world in 2016, and 152 million minors ranging in age from 5 to 17 yearswere forced to be child labour.
2.EICC renamed Responsible Business Alliance（RBA）
On 17 October 2017, Electronic Industry Citizenship Coalition (EICC) announced it has become the Responsible Business Alliance (RBA) in the official website to reflect its expanded scope and influence.
3.The Southeast Asian countries have raised the minimum wage, the local manufacturing industry may lose their competitiveness
On 18th Octobe, ‘Forbes” published an article that the Malaysia, Thailand and Myanmar labor request a wage increase of 50% in 2018. Cambodia announced in October that the minimum wage for garment workers increased by 11%, from US$153 to US$170 per month, which includes US$5 subsidy from Governmentper month. Myanmar official announced that the minimum daily wage will rise from 4000 to 4800kyat, about US$2.92 to US$3.51, while in Vietnam, the rate of increase in the minimum wage dropped slightly, down from 7.3% to 6.5%. In fact, the Association form economic and policy research in Vietnam reported that the increase in minimum wage has exceeded the growth of productivity, warning that the amount of increase should slow down to match the efficiency of labour force. The rise in the minimum wage may make the Southeast Asia less attractive to foreign investors.
4.ILO released report of 2017 Global Youth Employment Trends : over 35% of young people worldwide are unemployed.
The report on 2017 Global Youth Employment Trends for was released by ILO on 20th November 2017. As mentioned in report, the global youth unemployment rate was stabilized at 13.0% in 2016 and is expected to rise slightly to 13.1% in 2017.Among the unemployment this year, young people accounted for more than 35% (70.9 million), a decrease compared with the peak of 76.7 million unemployed in 2009. But it is expected the number will be increased slightly to 71.1 million in 2018. Globally, youth unemployment rates have risen significantly inNorthern Africa, the Arab States, and Latin America and the Caribbean between 2010 and 2016.
5.ILO released the latest policy report to call on the international community to eliminate all forms of child labour
ILO released the report of “Ending child labour by 2025: A review of policies and programmes”, which indicates that improving legal protection, governing the labour market, strengthening social protection, obtaining quality education and the promotion of social dialogue among the government, the community and other stakeholders are key aspects of combating child labour issue.
Ms Alexis Shu
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