Overview
On August 31, 2022, IndustryWeek published an article by Matthew Bathon titled "Surprise! Your Supplier Just Got Hit with an ITC Violation." The article discusses how US International Trade Commission (ITC) violations can cause supply chain issues. It defines the difference between limited exclusion orders (LEOs) and general exclusion orders (GEOs) and how they could impact a business.
In the piece Bathon lists steps a business can take to minimize unexpected risks including, "Evaluate your purchase orders and other written agreements with your suppliers. Consider adding in provisions such as a requirement to promptly notify you of any legal action that could impact the products you purchase." He also writes, "Raise concerns with the ITC if an exclusion order will affect your business. The ITC must consider the impact on the public interest before issuing any remedial order."
Read the full article on IndustryWeek.