Controversial supply chain law will soon apply to significantly fewer companies than before
The controversial Supply Chain Act is soon to apply to significantly fewer companies than before.
Two-thirds of the companies would no longer fall under the German regulations for respecting human rights and environmental violations along their supply chain in the future, said Federal Finance Minister Christian Lindner on Friday. The implementation of the European Supply Chain Act will also be delayed as much as possible.
Despite the controversial nature of the Supply Chain Act, many companies, including some prominent ones, may not be subject to its German regulations in the future, as noted by Christian Lindner. Some companies, such as those in the European Union, might benefit from a delay in implementing the EU's Supply Chain Act, a move that Lindner has advocated for.
