Contrary to the perception by many, increased adherence to labour welfare and environmental standards actually has a positive effect on the business. And this trend is the strongest in the apparel industry, long cited to be one of the most unfair ones. Business research conducted by professors from the MIT Sloan and Brown universities have confirmed that there is in fact a four percent upturn in business. Improved compliance saw a ripple-off improvement in securing better contracts from suppliers. There has in fact been an anti-sweatshop movement in the USA, led by students boycotting goods of companies not deemed ethical enough in its labour treatments. Even giants such as Nike have had to retrench from their positions thanks to such societal movements.

Source:http://www.mitsloan.mit.edu/ideas-made-to-matter/factories-get-more-business-when-they-treat-workers-right?utm_source=mitsloantwitter&utm_medium=social&utm_campaign=factories

Uploaded Date:23 November 2018