The application of STEEPLED analysis in globalised supply chains

Evaluate the impact of STEEPLED factors on globalised supply chains and formulate recommendations to ensure the organisation's strategy develops opportunities and mitigates risks that result from changes to STEEPLED factors

Standards that apply to ethical/sustainable sourcing and human rights, including labour codes that impact on the globalisation of supply chains such as:

• United Nations (UN) Trafficking Protocol
• International Labour Organisation (ILO)
• Ethical Trading Initiative (ETI)
• Social Accountability International Standard SA8000
• ISO 20400 Sustainable Procurement
• ISO 26000 Social Responsibility

Monitor compliance with ethical practices and standards that apply to global supply chains, taking appropriate actions if any breaches by colleagues or other stakeholders are detected

Licensing and documentation for imports and exports

Monitor and ensure compliance with the licensing and documentation for imports and exports that affect the organisation

Controls through tariffs and duties on imports and exports

Provide advice to colleagues and other stakeholders on the impact of tariffs and duties on imports and exports arranging appropriate actions when necessary

The methods for managing the volatility of commodities and currencies in supply chains such as:

• Hedging
• Spot
• Forward
• Derivative
• Other instruments

Evaluate and implement the use of appropriate instruments to manage the volatility of commodities and currencies in supply chains

The main regulations that impact on the employment of people in global supply chains such as:

• Discrimination, equality and diversity
• Employee redundancy and dismissal
• Working time and staff payment
• International labour codes
• Health and safety at the workplace
• Minimum/fair wages
• Modern slavery
• Other country specific employment issues

Evaluate the impact of the main regulations on the employment of people in global supply chains